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Initial Claims: 500K! Expectations Of 478K, Previous Revised To 488K, 300K+...
Welcome to the half a century. Treasuries surge. Futures plummet. Can't wait for Rosie's note.... Or Liesman's spin Continuing claims at 4.478MM on expectations of 4.5MM; previous 4.452MM revised to...
View ArticleService Interruption
I'll be pulling cookies from incoming requests starting at midnight, which will make it look like you're not logged in. Don't panic, and don't try to log in. Commenting, search, and donate should be...
View ArticleRadiation Expert: "Sr-90 and Uranium and Particulates Will Be Building Up in...
→ Washington’s Blog Preface: I take very seriously any warning about consuming a product which is important for the local economy. But when a respected radiation expert issues this type of warning, I...
View ArticleNo More Golf or Pizza for the Yakuza
By Wolf Richter www.testosteronepit.com Tokyo's organized crime exclusionary laws went into effect in October—and they're already creating havoc. The laws criminalize doing business with boryokudan...
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British Leaders Suggest Panic Buying Of Gasoline To Avoid Panic Buying Of...
The threat of a gas tanker-driver strike has brought out the best in British political double-speak to calm a fearful nation. Queues Lines are forming at every and any gas station as fears of an...
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Is JPM Staring At Another $3 Billion Loss?
"[The trading loss] plays right into the hands of a whole bunch of pundits...." - Jamie Dimon There are a lot of moving parts in the Dismal...
View ArticleNationalized Spanish Bank Plummets On News Of Bank Run
The problem with bank runs is that once they start, they don't stop. And while the world was conveniently distracted by events in Greece, debating whether or not people were withdrawing money in droves...
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A Day In The Life Of A Swiss National Bank Trader
It's blood in the streets out there: nobody wants Euros because nobody knows if Greece will be in the EMU on Monday... Or Spain for that matter, which is now fresh out of towels. You just happen to...
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ZH Evening Wrap Up 6/7/12
Some headlines from today - Everyone relax, Rahm Emanuel says the economy won't fall off a cliff - Japan's current account shrinks - Americans use of non-revolving debt increases for 8th straight...
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S&P 500 Futures 'Plunge' 1.25 Points - Most In 10 Days!
Don't panic. Change is good. The S&P 500 futures market somehow dropped 1.25 points today - its worst in 10 days! - and yet, shock horror, data was positive, European leaders offered more jawboning...
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Two People Dead From SARS-Like Virus In Saudi Arabia, Two More Infected In...
While the H7N9 birdflu epidemic is still raging in China, with 4 news deaths bringing the total confirmed death toll to 31 (and who knows how many unconfirmed) on 129 infections leading to a mortality...
View ArticleUS Extends Most Embassy Closures Until August 10
The latest subjunctive paraphrase, just released by the US State Department: "Please don't panic... well, actually panic just a little bit, but thanks to the NSA's pervasive snooping activity, in...
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When It Rains, It Pours Radiation: Fukushima Plant Springs Worst Leak In History
Just when one though the bad news out of Fukushima would trickle down, no pun intended, if only because purely statistically it was improbable that any more bad news would leak out, here comes TEPCO...
View ArticleJapan Raises Severity Of Latest (And Greatest) Fukushima Leak To Level 3
Earlier today, when we reported on the latest, and to date largest reported leak at Fukushima, one of roughly 300 tons, we mocked the government's response when we said "don't panic: here comes the...
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140 Years Ago Today, The Great Panic Of 1873 Led To The First Market Closure
With enough real and electronic ink spilled over the past two weeks to describe every nuance of the Lehman crisis (as if anyone can ever forget those vivid days) that nearly 3 months worth of Treasury...
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China's First Default Is Coming: Here's What To Expect
As we first reported one week ago, the first shadow default in Chinese history, the "Credit Equals Gold #1 Collective Trust Product" issued by China Credit Trust Co. Ltd. (CCT) due to mature Jan 31st...
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US Holds Massive Nuclear Weapons Exercise "To Deter And Detect Strategic...
Late last week, in what should not have been a surprise to anyone (because supposedly it was announced "far in advance") but was a major shock due to its intensity and expansiveness, Russia held a...
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Epic Portugal Damage Control To Preserve Bank Confidence: BES Resumes...
Following yesterday's peripheral European poundage over fears of what a Banco Espirito Santo failure could mean to the nation, and to the Eurozone, but most importantly to depositor confidence...
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Colorado Man Infected With Deadliest, Rarest Form Of Plague
Don't Panic. But..."The message we're trying to get out is that the plague bacteria is present here in Colorado, and to take necessary precautions to avoid getting infected," is the warning from health...
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"We Have A System Failure" CDC Chief Blasted For Scapegoating Ebola 'Protocol...
Do not panic. Ebola is not very contagious at all. That remains the mantra from health and political officials in America.. and as far as the nurse who was treating now-dead Dallas Ebola patient Thomas...
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