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Notes From Underground: CEBS and the ECB roll the dice and it comes up seven
The “results” of the European bank stress tests were released Friday afternoon and we learned that seven European banks failed and need to raise about €3.5 billion to meet the needed tier one capital...
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Notes From Underground: Where are the jobs? Recent employment report doesn’t...
Friday’s U.S. unemployment report was far less robust than anticipated. This consensus miss led to a selloff in the DOLLAR and a rally in commodities as the weak number gave rise to the need for more...
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Notes From Underground: Just like Frank Zappa, the markets are like a Penguin...
During the last two days the markets have heard from the Australian and Canadian central banks and both institutions held its rates steady. Both banks cited its strong currencies and the still-fragile...
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Notes From Underground: Chinese inflation is the overblown news story
The markets were waiting to see the Chinese inflation numbers and a possible interest rate increase from the CENTRAL BANK. The Chinese price increases were higher than expected and some analysts...
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