• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Tyler Durden's picture

Gold & Silver Soar - Lead The Way Post-Japan "Policy Error"

It seems - just as we have seen since The Fed's December rate-hike decision - that The Bank of Japan's "shock" decision not to pour more punch into the global equity bull's bowl overnight has sparked another leg higher in the market's indicator of monetary policy incompetence. Gold and Silver are surging back near cycle highs...


Tyler Durden's picture

Worst GDP Print In 2 Years Sparks Stock Surge To Scene Of Kuroda's Kamikaze Moment

Comfortably green, the VIX-smashing algos have lifted US equities non-stop since the NYSE machines were unleashed. While the Dow is lagging a little, Nasdaq and S&P futures have now made it all the way back up to Kuroda's Kamikaze moment...


Tyler Durden's picture

JPM Summarizes Earnings Season So Far: "At -8%, The S&P500 Q1 EPS Growth Is The Worst Since ’09"

80% of US companies beating EPS estimates is above the historical average. However, we note that in the last 10 years, the proportion of EPS beats was always well above the 50% threshold, suggesting that companies typically do a good job at managing analysts’ expectations. The actual delivered EPS growth is a better indicator of the underlying earnings backdrop, in our view. At -8%, the S&P500 Q1 EPS growth is the worst since ’09.


Tyler Durden's picture

What Americans Spent The Most Money On In Q1

what did they spend the most amount of money on? The answer, drumroll.... Recreational goods and vehicles. Not cars, which actually were a huge negative to Q1 GDP growth, reducing the headline consumption number by $13.4 billion nominal, but recreational vehicles, and other sundry related goods, which amounted to to $11.3 billion in Q1 spending.


Tyler Durden's picture

Dear Janet: Thanks For Helping The Average American

In March of 2005, 52,000 new homes were sold at prices of less than $200,000. At the bottom of the crash in March 2009 that number had dropped to 14,000. The Fed instituted ZIRP and QE around that time. Sales of homes under $200,000 totaled 9,000 units in March.


Tyler Durden's picture

Why One Trader Believes The BOJ Made A "Massive Misstep"

Even if keeping policy unchanged might once have been the correct decision, it’s not now. The failure to deliver, especially after Governor Kuroda’s comments about currency appreciation had driven hopes for further easing so high, is terrible news for the Japanese economy. Not to mention a further blow to the BOJ’s credibility. The immediate surge in the yen and the panicked sell-off in equities were the most obvious examples of trader disappointment. And the currency’s rally will put further downward pressure on both growth and inflation.


Tyler Durden's picture

'Investors' Panic-Buy S&P At Open - Erases All BoJ Cliff-Dive Losses

Well that un-escalated quickly...


Tyler Durden's picture

Key Gold Index Doubles In 2016 (But Nobody Noticed)

Coming months will give us a far better clue as to how far the trend is entrenched. All we know right now is that the general investing public, and mainstream media, remain out of the picture.


Tyler Durden's picture

Why Real Reform Is Now Impossible

The endless bleating of well-paid pundits in the corporate media about "reform" is just more circus designed to distract us from the much colder truth: the status quo is beyond reform. The choice is either collapse or well, collapse: letting the status quo strip-mine the bottom 95% will eventually lead to collapse and so will structural reforms that deprive the few of their power to create near-infinite sums of money and credit for their cronies.


Tyler Durden's picture

US Economy Grew At Just 0.5% In Q1, Missing Expectations, Lowest Growth Rate In Two Years

"Did the Fed have an advance glimpse at Q1 GDP?" That was a question everyone was asking yesterday when the Fed came out with another not too hawkish statement. The answer may have been yes because moments ago the BEA reported that the US economy grew at just a 0.5% annualized rate in the first quarter, missing expectations of a 0.7% growth rate, growing at half the rate recorded in the 4th quarter, and the lowest quarterly growth rate since Q1 2014 (when the winter was blamed for a negative print). It was also the third consecutive quarter of GDP declines.


Tyler Durden's picture

Stockman: Anything Trumps Hillary

So is there any chance at all that Trump will make America Great Again by erecting trade barriers, a Trump Wall on the Rio Grande and an end to America’s imperial beneficence and meddling abroad? Stayed tuned. There may be more to The Donald than meets the eye. And whatever it is, it certainly trumps Hillary’s deplorable purpose to make Imperial Washington an even greater menace both abroad and at home.


Tyler Durden's picture

Priceline CEO Resigns After Revelation Of Inappropriate "Personal Relationship With An Employee"

"Mr. Huston resigned following an investigation overseen by independent members of the Board of Directors of the facts and circumstances surrounding a personal relationship that Mr. Huston had with an employee of the Company who was not under his direct supervision.  The investigation determined that Mr. Huston had acted contrary to the Company's Code of Conduct and had engaged in activities inconsistent with the Board's expectations for executive conduct."


Tyler Durden's picture

2.607 Days Later, The "Most Hated Bull Market Ever" Is Now The Second Longest In History

It's official: as of today the bull market that has been mocked as fake, doomed and history’s most-hated just earned a new title: the second-longest ever. And it only took $14 trillion in central bank liquidity, a global, coordinated central bank "put", central banks purchases of Treasuries, MBS, ETFs and corporate bonds,  and nearly 700 rate cuts in the past 7 years to achieve it.


Tyler Durden's picture

Global Stocks Plunge After Bank Of Japan "Shock"

Less than one week after the BOJ floated a trial balloon using Bloomberg, that it would reduce the rate it charged some banks which set off the biggest USDJPY rally since October 2014, we are back where we started following last night's "completely unexpected" (for everyone else: we wrote "What If The BOJ Disappoints Tonight: How To Trade It" hours before said "shock") shocking announcement out of the BOJ which did absolutely... nothing. "It’s a total shock,” Nader Naeimi, Sydney- based head of dynamic markets at AMP Capital Investors told Bloomberg. "From currencies to equities to everything -- you can see the reaction in the markets. I can’t believe this. It’s very disappointing."


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