Guest Post: Inflation Is So Much Worse Than We're Told

 

JP Morgan Sold Investors MBS Covered By "SACK OF SHIT" Loans... Then Shorted All Those With Exposure: A Goldman-AIG Redux

 

Rioting Breaks Out In Egypt

 

Twitter Blocked In Egypt

 

Bank Of America Stops Issuing Notices Of Default In Non-Judicial States

 

Frontrunning Today's POMO Taxpayer Rape

Submitted by Tyler Durden on 01/25/2011 10:07 -0500

Today, the Fed's openly fraudulent operations desk will buy back $6-8 billion of bonds maturing between 01/31/2015 – 06/30/2016 starting at 10:15 am Eastern. Below we present a table showing the 10 cheapest CUSIPs that the Fed SHOULD be buying, considering that it should be monetizing, as it is supposed to, the best bang for the buck bonds. Note that nowehere in the list is CUSIP 912828PM6 due 12/31/2015 or the last 5 Year auctioned off, which is in fact one of the bonds trading richest relative to the entire spline. In other words, if the Fed ends up accepted a bulk of PM6, someone in Congress should really pretend they give a rat's ass about the 300 million or so US citizens raped daily by the kleptocratic elite, before said (mostly armed) 300 million finally realize what a complete criminal fraud the PD-FED complex is.

Case Shiller Confirms Housing Double Dip Accelerates, Misses Estimates For Rebound, Snow Not Blamed

 

UK GDP Comes At Huge Miss To Expectations As Weather Is Blamed, "Inflationary Surge" Causing Big Head Scratching

 

The Euro Will Survive, But Some Weaker Members Will Default

posted by Admin at Marc Faber Blog - 4 hours ago

I think the euro will survive, but as is the case in the US, the ECB is expanding its balance sheet, and that hates to see the balance sheet because the quality of the bonds they own must be of very poor q...

Frontrunning: January 25

Submitted by Tyler Durden on 01/25/2011 08:19 -0500

• Who knew: Robert Rubin is a Keynesian - "America must cut its deficit but not in haste" (FT)
• Uncertainty Over Economy Clouds Obama Speech (NYT)
• Stimulus Improves US Outlook, Says IMF (FT)
• Fed Likely to Press On With QE Even as Business Lending Rises (BusinessWeek)
• EFSF first bond issue - 43 Billion Euros of Orders From 500 Investors (Asymptotix, WSJ)
• Madrid Tells Banks to Boost Core Capital (FT), causing Spanish spread weakness
• Japan's central bank keeps lending rate, lifts growth forecast (Xinhua)
• India average inflation during 2010-11 to jump up to 9 per cent (Economic Times)
• KKR Gets Surprise Help in Fundraising From Bernanke, Trichet (BusinessWeek, h/t 5U)
• U.K. Economy Contracts in Fourth Quarter (WSJ)