It's Official: Bitcoin Was The Top Performing Currency Of 2015
Submitted by Tyler Durden on 01/07/2016 - 20:00
For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar. Despite this strength, the best performing currency in 2015 was not the dollar. In fact, the top currency of 2015 is likely to be considered the furthest thing from the greenback.
What China Has To Look Forward To When It Opens In A Few Hours
Submitted by Tyler Durden on 01/07/2016 - 19:38
It's all up to China tonight.
"We Came, We Saw, He Died" – Revisiting The Incredible Disaster That Is Libya
Submitted by Tyler Durden on 01/07/2016 - 19:30
"In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state...As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."
Slovak PM Closes The Door To Refugees: "We Don't Want What Happened In Germany To Happen Here"
Submitted by Tyler Durden on 01/07/2016 - 18:58
Fico said Thursday his government sees what he calls a "clear link" between the waves of refugees and the Paris attacks and the sexual assaults and robberies during the New Year's Eve festivities in Germany. He says: "We don't want what happened in Germany to happen here." Fico says "the idea of multicultural Europe has failed" and that "the migrants cannot be integrated, it's simply impossible."
Why The U.S. Can't Be Called A "Swing Producer"
Submitted by Tyler Durden on 01/07/2016 - 18:30
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who have the will and the means to affect market prices, and those who react to them. In other words, the swing producer and everyone else.
For Commodities, This Is The Next Great Depression
Submitted by Tyler Durden on 01/07/2016 - 18:05
While the "sell in 1973, and go away" plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison... the middle of The Great Depression.
Perfect Storm!?
Submitted by Tyler Durden on 01/07/2016 - 17:20
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling all at once.
Pizza And Assault Rifles: Inside The Occupied Oregon Wildlife Refuge
Submitted by Tyler Durden on 01/07/2016 - 17:15
Aliso Canyon's Historic Gas Leak Puts Sempra Energy In "Uncharted Regulatory Territory"
Submitted by Tyler Durden on 01/07/2016 - 16:50
Sempra Energy may be entering uncharted regulatory and technical territory with the massive and uncontained Aliso Canyon gas leak, according to Bloomberg Intelligence, as the company and its regulators simply cannot find historical leaks of this magnitude. Sempra’s Southern California Gas Co. is drilling a relief well but has warned that capping the well could take two months which has prompted massive evacuations in the area, the instigation of a no-fly zone, and now Governor Brown's declaration of a state of emergency to protect residents.
Bob Janjuah Warns The Bubble Implosion Can't Be "Fixed" This Time
Submitted by Tyler Durden on 01/07/2016 - 16:25
Having correctly foreseen in September that "China's devaluations are not over yet" it appears Nomura's infamous 'bear' Bob Janjuah has also nailed The Fed's subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to "convince markets that strong growth and inflation are on their way back"). In light of this, his latest note today should be worrisome to many as he warns the S&P 500 will trade down around 20% to 25% from current levels in H1, down to the 1500s and for dip-buyers, it's over: "I now feel even more certain that debt-driven asset bubble implosions cannot merely be 'fixed' with even more debt and another round of central bank-driven asset bubbles."
These Are The 10 Companies Most Hated By Wall Street
Submitted by Tyler Durden on 01/07/2016 - 15:44
While the list of "most hated buyside" stocks is at least actionable, not even we are sure what to do with the list of companies that are most hated by the sellside, besides perhaps revealing what it is. So for all those wondering, here courtesy of Factset, is the list of 10 S&P500 companies with the highest percentage of Sell ratings.
As The Saudi Economy Implodes, A Fascinating Solution Emerges: The Aramco IPO
Submitted by Tyler Durden on 01/07/2016 - 15:17
Earlier today everything changed when Saudi Arabia's unveiled what may be a stunning Hail Mary: one which is great news for the suddenly liquidity challenged Saudi government, and is very bad news for the future price of oil. According to the Economist, Saudi Arabia is contemplating taking Saudi Aramco - arguably the world's most valuable company - public. Here are the implications.
