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All that Glitters
So you take the US$ off the table as the world reserve currency because the people elected have a difficult time rising above the level of playground antics; you take the Euro off the table because, well, because there’s a crisis of confidence and fiscal sanity; and then you take the Swiss Franc out of [...]
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Special Guest Post from Head of Linn Group Research Responding to Steve Rattner’s NYT Op-Ed
The Real Con – It’s People, Not Policy By Jerrod Kitt The opinion pages have been overflowing lately with armchair authors who tout the “easy” correlation between ethanol’s rise and increasing food prices. They fail to do their homework. Food and energy price inflation is the direct result of lifting hundreds of millions out of [...]
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China’s Shadow Banking Looks a Lot Like Sub Prime Alt-A Market
Much has been made of China’s property bubble (or not) over the last 24 months. Highlighted by Jim Chanos’ bet that real-estate in the Lone Star Country was headed not only for a major correction but perhaps an all out crash, there have been many a bet made on China experiencing something akin to a [...]
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1.9 is NOT 11
Our favorite scene in Spinal Tap is, of course, when Nigel is showing Marty his “custom” Marshal amps that go to… yes, 11. We can imagine a scene where Bernake is showing Steve Liesman his monetary policy kit that has its own “11” in the form of QE3 or QE2.5. And of course, the Chairman [...]
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CNBC Video: Ellis on Which Way the Market Is Headed
CNBC — Which Way is the Market Headed?
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When Dominos Fall
Even though G Pap got his groove back with Tuesday’s decidedly undecided vote of confidence, it has become very clear that concern is less with Greece and the balance of the periphery than it is with Italy and Spain. Wednesday we read no fewer than four articles in the FT outlining a barrage from the [...]
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Post Expiration Markets
Post Expiration Trading With option expiration now behind us and the promise of yet another ill-fated Greek rescue package on the way, it seems to us logical that you might get a rally across the board. We have been sitting in technically oversold land for weeks now but the bad news kept a lid on [...]
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Bloomberg: Linn Group’s Ellis Interview on U.S. Markets
June 15 (Bloomberg) — Lincoln Ellis, managing director of the Linn Group, talks about U.S. financial markets, and Federal Reserve Chairman Ben S. Bernanke’s comments yesterday on the U.S. debt ceiling. Bernanke said the debt limit shouldn’t be used as a bargaining chip to force budget cuts, and failing to raise it could cause “severe [...]
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More on Irish Swapping Euro for Sterling
When at the Bantry Open Air Market last Friday, the wife listened as a patron complained about the fiddly time she was having with the Euro. The Cheese vendor said, “ Not to worry, We’ll be dealing with sterling by Christmas!” Interesting as the Irish are in DC and NY with hat in hand this week [...]
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Ellis & Co. Review Market Fundamentals
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