Other Alpha Sources for July 2, 2010

Steve Waldman has a very good post this week about the folly about the austerity vs non-austerity discussion which seems to be going the rounds at the moment. In fact, it you take a mental picture of the current financial market discourse most arguments can be bracketed along the two axes of austerity vs . . . → Read More: Other Alpha Sources for July 2, 2010

Is AIG a Precious Metal Manipulator?

Further to this Zero Hedge post note the following from CPM Group’s Mr Christian:

Bullion Banking Explained (dated Feb 2000):

Many banks use factor loadings of 5 to 10 for their gold and silver, meaning that they will loan or sell 5 to 10 times as much metal as they have either purchased or . . . → Read More: Is AIG a Precious Metal Manipulator?

Economic Events on July 2, 2010

At 8:30 AM EDT the Employment Situation report for June will be announced, and the consensus for non-farm payrolls is an decrease of 125,000 jobs compared to a gain of 431,000 in May, the consensus for private payrolls is an increase of 105,000 jobs  compared to a gain of 41,000 in May, the consensus . . . → Read More: Economic Events on July 2, 2010