Tyler Durden's picture

Ron Paul: I Wish Nobody Was Bombing Syria

It may be tempting to cheer Russian military action in Syria, as it seems ISIS is finally suffering some considerable losses. But I cannot cheer the bombs, whether they are Russian bombs or US bombs or French or British bombs. I do not believe a terrorist group created by foreign intervention in the region will be solved by more foreign intervention in the region. Bombs represent a total failure of policy. They destroy a country’s economy and infrastructure.

Tyler Durden's picture

Punishing Cash: US ATM Withdrawal Fees Soar To All Time High

With the world's central planners (and their status quo hugging cronies) calling for cash bans (and rather ironically helicopter money at the same time), the soaring costs of getting one's own money appears to be a quiet form of capital control creeping up on the distracted American public. As WSJ reports, the average cost for using an automated teller machine that isn’t tied to a customer’s bank rose to a record $4.52 per transaction (with average “out-of-network” cost tops $5 and can rise to as much as $8 in some places.)

Tyler Durden's picture

Amtrak Train Derails In Vermont, 4 Reported Injured

While the US coast guard and search and rescue teams scour the Caribbean seas around the Bahamas for traces of debris from the missing cargo ship El Faro, which disappeared in the eye of Hurricane Joaquin with 33 mostly American crew members aboard more than three days ago, another tragedy struck moments ago when as AP reported an Amtrak train derailed in central Vermont near Northfield. It isn't immediately clear whether there are any injuries.

Tyler Durden's picture

The US Shale Oil Industry Will Simply Vanish

Without government intervention the “invisible hand” of the world oil market will simply bankrupt US shale companies and with it destroys the US shale oil industry.

Tyler Durden's picture

Dow Surges 650 Points Off "Dismal Jobs Data" Lows, Small Caps Up 5%!

Small Caps are up 5% off post-payrolls lows and The Dow is up over 650 points as the lower-for-longer, please-give-us-QE4 panic-buying ramp continues... and all this with no Bullard (for now).

Tyler Durden's picture

Valeant Plunges 10% Amid Exposure Of "Astronomical" Price Increases

Just as we warned previously, the bloodshed was only just beginning at Valeant (and others). Having put all its peers to shame in terms of price hikes, VRX shareholders appear anxious that the 'no-brainer' may just become the poster-boy example to be made of by an anxious-to-show-some-action Congress...

Tyler Durden's picture

The Rate Hike Ship Has Sailed: Goldman Sees "Higher Probability Of Liftoff Not In 2016 But In 2017"

"... standard monetary policy rules might justify a continuation of the current zero-rate policy for much longer, well into 2016 or potentially even beyond. In this context, it is interesting that the reduced market-implied probability of liftoff in 2015 after Friday’s weak employment report mostly translated into a higher probability of liftoff not in 2016 but in 2017!"

Tyler Durden's picture

US Services Economy "Bounce" Dies As New Orders Crash Most Since Lehman

On the heels of China's, Japan's, Brazil's, and Europe's Services PMI weakness (and US Manufacturing PMI and ISM weakness), Markit's US Services PMI printed 55.1 (missing exectations of 55.6) and dropping to its lowest since June. This catch-down to Manufacturing weakness suggests the mid-year bounce is well and truly dead as even Markit admits, "it remains unclear as to whether growth will weaken further as we move into Q4." Additionally, after its exuberant spike to 10 year highs in July, ISM Services continued to drop back (to 56.9 missing expectations) with the biggest collapse in New Orders since Lehman.

Tyler Durden's picture

Silver & Crude Are Soaring

While gold remains unchanged, silver prices are surging higher this morning as crude oil jumps supposedly on geopolitical tensions... but technical resistance looks key.

Tyler Durden's picture

Saudi Petrodollar Reserves Fall To 32 Month Low Amid Crude Carnage, Proxy Wars, Budget Bleed

The demise of the petrodollar continues unabated in the face of depressed crude, regional proxy wars, and a budget bleed, as the Saudis burn through the SAMA piggy bank in a desperate attempt to keep the ship afloat.

Tyler Durden's picture

Bulls Beware: Days After Calling For Bear Market, Gartman Declares The "Bearish Run In Global Stocks Is Over"

" we are this morning making the bold… indeed, for us, the very bold … statement that the bearish run in global stocks is over; that the bearish run to the downside in US shares is over and that we are henceforth to err bullishly of shares, diametrically opposed to the position we have had for the past several months wherein we erred steadily… almost relentlessly… bearishly.... we are now finishing the trifecta as we turn bullish of stocks."

Tyler Durden's picture

Welcome To The Future: Downward Mobility & Social Depression

The mainstream is finally waking up to the future of the American Dream: downward mobility for all but the top 10% of households. A recent Atlantic article fleshed out the zeitgeist with survey data that suggests the Great Middle Class/Nouveau Proletariat is also waking up to a future of downward mobility: The Downsizing of the American Dream: People used to believe they would someday move on up in the world. Now they’re more concerned with just holding on to what they have.

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RANSQUAWK WEEK AHEAD - 5th October: BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the...


· BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the minutes from their September meeting

· Alcoa unofficially kick off earning season on Wall St., with analysts forecasting the first Y/Y EPS decline since 2009

Tyler Durden's picture

Tanker Rates Soar As China Hoards Saudi's "Cheap" Oil Amid Biggest Price Cut Since 2012

The oil patch is full of conundra currently... crude price declines globally to near 2009 lows but supertanker day-rates (demand) soaring over $100,000 for the first time since 2008. However, today's news that Saudi Arabia is slashing its price (to a $3.20 discount to the bechmark with the largest price cut since 2012) suggests in an effort to shore up tumbling reserves and capture more market share amid dwindling demand (and excess supply) - a price war has begun led by US ally Saudi Arabia... and China is hording crude at these low-low prices.

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