in this country and around the world. They provide cutting edge analysis and commentary on financial and market issues as well as in-depth coverage of world events that DUers would be very interested in.(Egypt, Libya, Japan...)
Here are just a few news organizations, market websites, et al that have mentioned ZeroHedge and their reporting in just the last month:
The Treasury shell game
...According to analysis that appeared in
Zero Hedge, nearly 53% of those bonds were then sold to the Federal Reserve on March 8, under the rubric of the Fed's quantitative easing plan. While it's certainly hard to determine the profits that were made on this two-week trade, it's virtually impossible to imagine that the private banks lost money. What's more, knowing that the Fed was sure to make a bid, the profits were made essentially risk free. It's good to be on the government's short list....
http://www.atimes.com/atimes/Global_Economy/MC25Dj01.html How much Higher can Silver Prices Go?
ZeroHedge.com questions the incredible run in silver prices and the possibility that we may have peaked. Food for thought, the iShares Silver Trust (ETF) (NYSE:SLV) has increased 104% in the past 12 months.
(Tyler Durden | ZeroHedge.com) Now that silver continues hitting nominal high after high (except of course for the record price hit during the Hunt Bros period), and there is a very distinct possibility we may see an unprecedented melt up in the price of silver to over triple digits for a variety of previously discussed factors, here is a post we produced a year earlier, courtesy of a "deep insider" which dissects with exquisite detail the nuances of silver market manipulation, which in retrospect may have been just a little early.
Considering that every single trope mentioned is now in play (even the unmasking of Buffett's unbelievable PM bashing hypocrisy when he himself was one of the people who utilized blatant silver market manipulation for his own purposes when it suited him back in 1997 to send silver soaring), we believe readers should re-read this post in its entirety as it presents a walk-thru for the mechanics, and strategy, of the ongoing unprecedented move higher in the shiny metal.
From A Deep Insider's Walkthru To Silver Market Manipulation, posted originally in April 2010, when silver was lower.... way lower. Continue>>
http://wallstnation.com/node/3506NY Fed’s Dudley: What? Food Inflation? At Least iPads Are Cheaper
...Satirically,
ZeroHedge, the contrarian blog, noted that “Goldman New York Fed plant, and Jan Hatzius predecessor, Bill Dudley, emerged from his ivory tower to make a trek to Queens to deliver prepared remarks written by some intern, discussing the prospering state of the New York borough,” before things went wrong....
...Or, as
ZeroHedge put it, “let them eat iPad,” paraphrasing the supposed phrase by Marie Antoinette as the peasants starved during the French Revolution. Dudley won the reproach of the crowd, which, according to reports, broke into a boisterous, and incredulous, laugh, before another member of the audience responded: “I can’t eat an iPad.”
While debate on the rate at which inflation is mounting and the use of core vs. headline inflation rages in the academic and business world, Dudley’s comments were completely unsuited for a crowd of working class Queens residents, wondering why Ben Bernanke and the Fed inject billions into the economy so that corporations can sit on vast sums of cash while middle class workers see their costs rise and wages stagnate...
http://blogs.forbes.com/afontevecchia/2011/03/11/ny-feds-dudley-what-food-inflation-at-least-ipads-are-cheaper/UK inflation rate is now higher than Zimbabwe's
It’s true. Annual inflation in Zim is now three per cent, whereas the UK rate – even if we take the lowest measure, CPI – is four per cent
(hat-tip, zerohedge). In reality, of course, the British figure is much higher: RPI is at 5.7 per cent, and adding the effect of tax rises would push it higher still. Indeed, as the excellent Allister Heath reported last month, CPI itself has been systematically understated because of a blunder by the Office of National Statistics....
http://blogs.telegraph.co.uk/news/danielhannan/100080317/uk-inflation-rate-is-now-higher-than-zimbabwes/IFR-After PIMCO's US Treasuries purge, look for curve flatteners
n the latest report, which was "leaked" to the blog
Zero Hedge, net cash and equivalents rose to 23% from just 5% in January. The cash was raised through the sale of their treasury holding, but also as the fund lowered its holdings of mortgage-backed securities from 42% to 35% on the month...
http://www.reuters.com/article/2011/03/10/pimco-treasuries-idUSL3E7EA06E20110310TARP: “The Largest Welfare Program for Corporations Ever”
...At a hearing last Friday, Kaufman led a panel of economists and policymakers in a discussion of the impact of TARP on financial stability.
Zero Hedge was kind enough to provide a transcript of the hearing, which “In typical Kaufman fashion, this no-nonsense hearing was one of the most informative and expository of all Wall Street evils to ever take place on the Hill. Which of course is why it received almost no coverage in the media.”...
In the transcript,
Zero Hedge noted that that there are many very important lessons to be learned from the travesty known as TARP, which threaten the very democracy upon which the United States was founded. One example of this is:
“The failure to replace bank management, to do a rigorous evaluation of the state of bank assets and to restructure bank balance sheets accordingly has left the United States with weak major banks and a damaged sense of trust between the American public and our nation’s elected leaders.”
http://www.goldalert.com/2011/03/tarp-the-largest-welfare-program-for-corporations-ever/3 Reasons You Should Sell This Rally
...As reported by
Zero Hedge several days ago: “So far this theory has been a massive disaster with 11 consecutive quarters of shadow banking liability declines. And where it gets far worse, is that after five consecutive increases in traditional bank liabilities, which hit a record $13.1 trillion in Q3 2010, this number declined by $231 billion in Q4 to $12.8 trillion. Thus the combined move in Shadow and Traditional Banking liabilities was a whopping $438 billion in Q4!”...
http://www.investorplace.com/34431/uso-calls-tlt-puts-should-profit-from-next-sell-off/Crashiversary Week Continues – Thursday Thump
...We will, of course be expecting to see a fairly aggressive POMO schedule released by the Fed this afternoon at 2pm and we'll watch the market's reaction to see if we still feel it is prudent to buy the F'ing dip or if it's time to cut and run on our bullish plays and strap ourselves in for the ride down. (See
Zero Hedge's New POMO Schedule Released: Fed To Monetize $102 Billion In Next Month.)...
...Speaking of evil bankers - check this out (thanks
) - The following exchange between Ben Bernanke and Senator Kirk is a must watch for everyone who wonders how Ben Bernanke justifies the fact that America is now an open Ponzi scheme. Kirk's question "in lay men's terms this is one part of the government lending another part of the government money, which would not lead to long term confidence once the American people understood the basics a little bit better" relates to the open monetization that the Fed does each and every day at least until the end of June....
Read more: http://www.businessinsider.com/crashiversary-week-continues--thursday-thump-2011-3#ixzz1Hd14T12jChina Still US's Largest Creditor, Probably
...Reports had circulated last December that the US Federal Reserve had eclipsed China in its treasury security holdings.
I wrote about the story at the time,
borrowing from the analysis of Tyler Durden at ZeroHedge.
As Garcia reports, "Even with the revised numbers, China still owns a little less US government debt than the Fed itself. The US central bank currently holds $1,205bn in Treasuries and is expected to own $1,600bn by the end of June when QE2 comes to an end."...
http://www.cnbc.com/id/41866359“Mr. Dow 5,000″ Sells His Treasuries
...Zero Hedge has read the tea-leaves and concludes that Bill Gross, Master of the Known Fixed-Income Universe has sold every last bit of US government debt. Gross runs the biggest bond fund in the world, so that’s not to be sniffed at. What is interesting is that Treasuries are smack in the middle of recent ranges, 25 basis points below thier high yields from early February…
http://www.forexlive.com/172094/all/mr-dow-5000-sells-his-treasuriesHas The Tsunami In Japan Destroyed The Japanese Economy?
...For example, Japanese insurance companies had recently announced that they were planning on buying up lots of European sovereign debt, but now obviously those plans are on hold. As a result of this disaster, Japanese insurance companies will be forced to sell off assets like crazy in order to pay settlements. But as
Zero Hedge is correctly pointing out, without Japanese financial institutions stepping in to soak up Eurozone bonds this is going to make the European sovereign debt crisis even worse....
http://www.dailymarkets.com/economy/2011/03/12/has-the-tsunami-in-japan-destroyed-the-japanese-economy/And as far as their coverage of the catastrophe in the wake of the earthquake, tsunami, and nuclear meltdown in Japan:
http://www.zerohedge.com/taxonomy_vtn/term/8436At the above link you can access ALL of their coverage of the Japanese disaster. I think we should let the readers of DU decide if their reporting is useful not Hannah Bell.
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