Canadians Panic As Food Prices Soar On Collapsing Currency
Submitted by Tyler Durden on 01/13/2016 - 18:38
Markets In Freefall: Stocks Extend Worst Ever Start To Year
Submitted by Tyler Durden on 01/13/2016 - 16:04
Tanker Rates Tumble As Last Pillar Of Strength In Oil Market Crashes
Submitted by Tyler Durden on 01/13/2016 - 18:55
If there was one silver-lining in the oil complex, it was the demand for VLCCs (as huge floating storage facilities or as China scooped up 'cheap' oil to refill their reserves) which drove tanker rates to record highs. Now, as Bloomberg notes so eloquently, it appears the party is over! Daily rates for benchmark Saudi Arabia-Japan VLCC cargoes have crashed 53% year-to-date to $50,955 (as it appears China's record crude imports have ceased).
"Very Worrisome Signal For Fed Credibility" - Former Fed President Trolls Federal Reserve
Submitted by Tyler Durden on 01/13/2016 - 18:33
The Aftermath Of US Intervention: What The "Arab Spring" Looks Like 5 Years Later
Submitted by Tyler Durden on 01/13/2016 - 17:25
Post-Baathist Iraq is rife with sectarian discord, a post-Assad Syria would likely be an even bloodier free-for-all than it already is, and post-Gaddafi Libya is a failed state with two governments each claiming legitimacy. These types of environments are exploitable by extremists eager to capitalize on the chaos by seizing resources and, ultimately, power.
JPM's "Gandalf" Quant Is Back With A Startling Warning
Submitted by Tyler Durden on 01/13/2016 - 17:10
"The fact that market volatility is on the rise and the Fed is raising interest rates further increases the probability of a Bear Market. The current option-implied probability of a bear market (i.e. ~20% decline this year) is about 25%. While there is no way to predict a bear market, below we look at various scenarios, and estimate that the probability of a bear market may be nearly twice as large."
Can We See A Bubble If We're Inside The Bubble?
Submitted by Tyler Durden on 01/13/2016 - 16:55
We want this time to be different so badly, we can almost taste it. But this time is only different on the margins; the flavor of the bust remains the taste of ashes.
US Vaporizes "Millions" In Cash, Kills 7 Civilians In "Unusual" Strike On ISIS "Bank"
Submitted by Tyler Durden on 01/13/2016 - 16:33
“The bulk cash distribution site was used by [ISIS] to distribute money to fund terrorist activities. We estimate in the millions of dollars ... from all their illicit stuff: oil, looting, extortion,”
Cramer Does It Again: Camera-On-A-Stick Crashes 30% After Slashing Guidance, Cuts 7% Of Jobs
Submitted by Tyler Durden on 01/13/2016 - 16:32
Who could have seen this coming? Week after the CEO ordered his mega-yacht and 6 months after Jim Cramer said "it was going higher," GoPro has just slashed Q4 revenue guidance by 15% (from $510.9mm to $435mm) and has addtionally decided to layoff 7% of the workforce. For now, GPRO is halted... but Ambarella is not (and is collapsing 6% after hours) leaving them down 65-80% since Cramer said "buy buy buy."
Bill Ackman's Pershing Square Down 11.4% In First 12 Days Of 2016
Submitted by Tyler Durden on 01/13/2016 - 16:26
Is This The Start: Regional Bank Tumbles After Admitting To Previously Underreserved Energy Loss
Submitted by Tyler Durden on 01/13/2016 - 16:17
Earlier today BOK financial admitted that as a result of a major loan impairment on just one energy producer it would have to take a dramatic $22.5 million in credit losses, but that things are slowly going from great to not so great when it also admitted that "we continued to see credit grade migration and increased impairment in our energy portfolio. The combination of factors necessitated a higher level of provision expense."
The State Of What's Left Of The Nation
Submitted by Tyler Durden on 01/13/2016 - 15:55
Nope and Mange...
In Latest Embarrassment For Obama, Iran Releases Footage Of Arrest, Apology Of 10 U.S. Sailors
Submitted by Tyler Durden on 01/13/2016 - 15:44
Time To Pull Out The Nasdaq/China Comparison Chart Again
Submitted by Tyler Durden on 01/13/2016 - 15:43
The similarities continue. Both saw an initial sharp 2-3 month fall from their peaks followed by a quarter or so of stability. The NASDAQ then started to fall sharply again and Chinese equities seem to have started a similar trend on a similar timeline....
