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12/16/10 Midnight Report: Market Reaches Two Year High, Will Data Hold an Intervention?
The market was up today as PIMCO is set to get their equity on, Fed Ex plans to deliver a fuckload of packages in the next year (even more packages than Victoria Givens took for delivery in 2004, and like all proper businesses, she required they all be delivered in the rear), and former Obama…
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7/29/10 Midevening Report: Fed warns deflation may be coming, investors run to buy protection as they don’t know who deflation slept with last
Oh shit. While most people have been spending their time worrying about the Fed printing up some inflation, Fed Bank of St. Louis President James “Jimmie B” Bullard got his academic on today and dropped some deflation all up in this bitch. And Jimmie B aint be one of those lame ass non-voting members of…
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6/21/10 Midafternoon Report: China drops its peg, exposes its growing yuan
The market rallied today in the morning like a chubby chaser with a bottle of crisco on his way to a Peter Paul Rubens exhibit until it faded in the afternoon thanks to common sense and volume. Rallying the market in the morning was news that China is going to unpeg their currency from the…