Tuesday, January 29, 2013

Today's links

1--QE to continue indefinitely, Bloomberg

2---It’s too early to turn bearish on stock market, Trimtabs

 the Federal Reserve each day now creates $4 billion of new money and uses that new money to buy mortgage bonds and longer term treasuries. Those who sold their bonds to the government got newly created money with which to buy other risk assets. Which means that some of that new money has probably gone into equities as the new money moves down the chain of risk assets. In other words, the Fed is investing in US stocks and in essence is rigging the equity markets.

3---Libor Lies Revealed in Rigging of $300 Trillion Benchmark, Bloomberg

4---LBO leverage creeping up, credit not reaching smaller firms, sober look

5---Consumer Confidence in U.S. Falls to Lowest Level Since 2011, Bloomberg

6---Home prices decline in November, Case-Shiller says, Marketwatch

7---Immigration policy in police state USA, wsws

8---The human cost of Italian austerity, wswshttp://www.wsws.org/en/articles/2013/01/29/ital-j29.html

9---Political lessons of the Athens subway strike, wsws

10---Sexual assault crisis tempers euphoria over end of combat ban, Guardian

11---Companies Ignored Cliff Chatter, but Taxes, Spending Cuts Will Have Real Bite, WSJ

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