Thursday, July 23, 2009

Frontrunning: July 23

  • US Initial Jobless Claims (Jul 18) W/W 554K vs. Exp. 557K (Prev. 522K, Rev. to 524K)
  • "If there's a blue pill and a red pill, and the blue pill is half the price of the red pill and works just as well, why not pay half price for the thing that's going to make you well?"- Obama (Washington Examiner)
  • Zero Intelligence trading closely mimics stock market (New Scientist)
  • Jonathan Weil: Accountants gain courage to stand up to bankers (Bloomberg)
  • Obama's Fed Risk Regulator plan fading as lawmakers back council (Bloomberg)
  • Looks like that CIT bankruptcy will still happen after the soon to be failed bond exchange offer (Bloomberg)
  • Michael Milken, 60,000 deaths, and the story of Dendreon (Deep Capture)
  • Ford burns $1 billion, earns $2.3 billion, accountants everywhere highfiving on a job well done(WSJ)
  • NPR: Bin Laden's son may have been killed by U.S. missile in Pakistan (Bloomberg)
  • Thoughts on U.S. personal consumption (David Malpass, Enicma Global)
  • Bond market leadership: what does that tell us (Green Faucet)
  • Howard Marks: stem those fees (NY Post)
  • Ignoring watchdog report, treasury gives three major banks sweetheart deals (HuffPo)
  • Wendelin Wiedeking gets €50 million departure gift for destroying Porsche (FT)
  • FINalternatives Survey: High-Frequency trading has a bright future (FINalt)
  • Fed's exit strategy: a deft and fortunate fed (Global Commentary, Northern Trust)
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