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Marc Faber discusses America’s unsustainable debt load in this interview with Margaret Brennan on Bloomberg TV. An amusing observation: the GDP growth from each $1 of new total debt has dropped from $0.25 to -$0.60.

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Marc Faber: If The U.S. Was A Corporation, Its Credit Rating Would Be Junk

The choice selections from today’s Art Cashin comments, via UBS Financial Services: Greek Rescue Rumor And Chippier Consumer Brings Stocks Back From Brink – For much of Friday’s session, fears about the European Union (particularly Greece) sent folks seeking the safety of the dollar.

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February 8 Insights From Art Cashin

Attempts by carry traders to redeem some P&L after a month of agony crashed and burned promptly, accelerating into the close as the Yen funding unwind killed not just the carry pairs but broader equities. Of particular note is the hurt experienced by AUD longs funded with either USD or JPY.

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Carry Trade Implosion Precipitates Robotic Selling Into Close As 1,055 ES Level Breached

It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn – if you haven’t already – that can help you uncover possible targets for intraday traders to play for, and also areas of hidden resistance (or support) that sets up a reversal trade when combined with other indicators.

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Fun Intraday SPY Fibonacci Confluence Grid Feb 8

One of the less-reported events this weekend was the not so secret central banker meeting that is taking place in Sidney Australia. Now that factual details are finally emerging it is appropriate to collect some information tidbits about this shindig which has some claiming is reminiscent of a modern day version of the Jekyll Island meeting.

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Some More Perspectives On This Weekend’s Secretive Banker Meeting In Sydney

Developing story. The probability of Rakoff turning down SEC Settlement #2 just went up substantially.

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Judge Rakoff To Review SEC Settlement, Says Major Differences Between SEC’s "Facts" And Cuomo’s Filings

Developing story. The probability of Rakoff turning down SEC Settlement #2 just went up substantially.

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Judge Rakoff To Review SEC Settlement, Says Major Differences Between SEC’s "Facts" And Cuomo’s Filings

We have so far avoided discussing this weekend’s most tragicomic news , which undoubtedly is the Mortgage Bankers’ Association selling their headquarters for a huge loss in less than two years. The building which was acquired for $76 million was sold to CoStar for $41.25 million. How the MBA is in any way supposed to provide insight on sentiment and market perspectives after a slap in the face such as this is beyond us.

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CoStar Seeks Your Input On The Truth Behind Commercial Real Estate

We have so far avoided discussing this weekend’s most tragicomic news , which undoubtedly is the Mortgage Bankers’ Association selling their headquarters for a huge loss in less than two years. The building which was acquired for $76 million was sold to CoStar for $41.25 million. How the MBA is in any way supposed to provide insight on sentiment and market perspectives after a slap in the face such as this is beyond us.

See the article here:
CoStar Seeks Your Input On The Truth Behind Commercial Real Estate

Janet Yellen, who in mid-November completed a “fact-finding” trip to Hong King and China, provides some insightful observations into the closely tied monetary fates of China, Hong Kong and the US, as well as China’s Catch 22 paradox of overcapacity. As Yellen points out, US monetary policy is a critical factor for both Hong Kong and the mainland “both Hong Kong and the mainland are currently pegging to the dollar, they are both to some extent stuck with the policy the Federal Reserve has chosen to promote recovery.” In essence, and in confirmation with Zero Hedge’s “vassal theory” of the Sino-US relationship, China has a “considerable interest” in the Fed’s exit strategy.

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Janet Yellen Discusses The China Paradox