The State Of What's Left Of The Nation
Submitted by Tyler Durden on 01/13/2016 - 15:55
Nope and Mange...
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....
Another Bubble Bursts
Submitted by Tyler Durden on 01/13/2016 - 15:25
Dear Janet, it appears the US consumer (or small business) is nothing like as strong as you "believed."
"You Lie" - Fact-Checking Obama's SOTU Job "Gains" Claims
Submitted by Tyler Durden on 01/13/2016 - 15:25
President Barack Obama’s final State of the Union address came up short of the facts on several topics. Obama apparently omitted part of his presidency in boasting of nearly 900,000 manufacturing jobs “in the past six years.” Over his entire time in office, manufacturing jobs have gone down by 230,000.
42% of Americans Ditch Two-Party System, Say Government Is Biggest Problem
Submitted by Tyler Durden on 01/13/2016 - 14:55
More people in the United States than ever are breaking away from the political duopoly by refusing to self-identify as either Democrat or Republican - and they now effectively comprise the true silent majority: Independents.
"The Rapes! The Riots!": Trump Blasts Merkel's Immigration Policy
Submitted by Tyler Durden on 01/13/2016 - 14:46
"Do you see what she's done to Germany? They have a problem. She went off the reservation. I don't know what happened to her. She was doing well."
For Amazon "Is It Different This Time?"
Submitted by Tyler Durden on 01/13/2016 - 14:39
We show the sources of return for AMZN stock, split between sales growth and multiple expansion. As the chart asks (and answers) the question longs should be asking themselves is whether it is "different this time?"
The Dow Is Now Down 1600 Points From New Year's Exuberant Highs
Submitted by Tyler Durden on 01/13/2016 - 14:35
Baumgartner'd...
Brent Follows WTI, Crashes Below $30 For First Time Since April 2004
Submitted by Tyler Durden on 01/13/2016 - 14:27
Well that escalated quickly...
Can ISIS Actually Gain Power Over Libya's Oil?
Submitted by Tyler Durden on 01/13/2016 - 14:25
The Islamic State's play for Libyan oil could lead the warring governments to speed up a power-sharing agreement to end the civil war and unite them in the face of an even greater threat. Or, they could lose all to ISIS, which would allow the terrorist group to seize control of an OPEC country.
CSX CEO Admits "This Hasn't Happened Outside Of A Recession"
Submitted by Tyler Durden on 01/13/2016 - 14:05
One of our favorite hypocritical CEOs spoke this morning to try and explain why his rail freight transportation company's stock is plunging. 11 months ago Michael Ward was adamant on CNBC that he has "not seen any changes," suggesting everything's fine down to $30-35 oil and "expected no impact on crude shipments." Today, he exclaims, the volume drop can be seen as "freight recession," warning that "there is pressure on markets not seen outside of a recession." He is right, of course, as we noted previously, the weakness in rails is entirely recessionary and is no longer limited to industrials or coal.
It's Not Just China, "The Whole Damn System Is Untenable"
Submitted by Tyler Durden on 01/13/2016 - 13:50
China is untenable in its current financial position. That is the primary problem, and so long as it remains so whatever the PBOC does will have but a fleeting impact. In more immediate terms, that is being recognized by the “dollar” run which continues to savage not just China but South America (more than just Brazil), Africa, Asia (more than China) and you might even argue Canada and Mexico. From that, we see that it isn’t China that is the problem with the “dollar”, it is the whole damn system.
US Small Caps Plunge To 30-Month Lows Into Bear Market
Submitted by Tyler Durden on 01/13/2016 - 13:39
The first week of July 2013 was the last time the Russell 2000 traded at these levels. That is 30 months of buy-and-hold for no return. Despite the constant clammer from "Small Cap fund managers" that they are the plaxce to be for protection against a soaring USD (since they are dominantly domestically focused), it seems the fact that small caps are much more sensitive to credit market conditions is the real reason and that market is carnaging.
Turkey Suicide Bomber Identified As Saudi-Born, Syrian Refugee
Submitted by Tyler Durden on 01/13/2016 - 13:20
The man who killed 10 German tourists on Tuesday in a brazen suicide attack in Istanbul has been identified as one Nabil Fadli, a ISIS-linked , Saudi-born operative who entered Turkey just last week as a Syrian refugee.
Scorching Demand For 10 Year Paper: Indirects Take Down Near Record 71%, Bid To Cover Surges
Submitted by Tyler Durden on 01/13/2016 - 13:15
If anyone had expected that today's record AB InBev deal would lead to a tail in the just concluded $21 billion 10-Year (technically 9 Year-10 month CUSIP M56 reopening) auction, they would be very disappointed, when moments ago the US Treasury announced a high yield of 2.09%, stopping a whopping 1.5 bps through the When Issued 2.105%, and the lowest yield since October's 2.07%. But the real stunner was the internals, where the Directs took down at modest 11.3%, but it was the foreign central bankers, aka the Indirects, who took down a whopping 71%, the second highest on record, and just 0.3% shy of the record high hit in February 2011.
