• EconMatters
    04/27/2015 - 14:18
    If the DOJ and CFTC is going to be consistent, then they have to indict the entire financial community from the CME, Exchanges, Brokers, Institutions, Investment Banks, Hedge Funds, Management Funds...

Tyler Durden's picture

Overseas Investors Have "Little Appetite" For Chasing Chinese Mania: JPM

Are foreign investors buying into China's world-beating, self-feeding equity rally or is it a classic case of domestic banana merchant-driven multiple expansion? JP Morgan weighs in.



Tyler Durden's picture

The Fed Lives In The Past

The picture of this very old telephone reminds of our “esteemed” Federal Reserve. They really seem incapable of any modern thought. Their parallels to, and fears of, the Great Depression [Former Chair Bernanke], seem to drive 2009-2015 monetary policy. It reminds me of incredibly stale thinking... sort of like their incredibly stale personalities. I suppose it’s a good match for them but not for the citizens of the world subjected to their currently ineffective and intellectually lazy policies... rooted in very ancient [just like most of them] history.



Tyler Durden's picture

Number Of Companies Beating Revenue Estimates Hits Lowest Level In Two Years

"If 47% is the final percentage for the quarter, it will mark the lowest percentage of companies reporting sales above estimates since Q1 2013 (also 47%). Since Q3 2008, the percentage of companies reporting sales above estimates has finished below 50% only 6 times," FactSet notes. In a world where buybacks are king and capex is now a four letter word in more ways than one, this is not surprising.



Tyler Durden's picture

Hundreds Dead After Devastating Nepal Earthquake Topples Structures, Starts Avalanches

A little over four years after the devastating Japanese earthquake led to a tsunami that triggered the biggest nuclear disaster since Chernobyl, overnight Asia was once again the epicenter of a massive, 7.9 magnitude earthquake, this time not on the Pacific Rim but deep in the Himalayan mountain range, striking the small country of Nepal and sending tremors deep in Northern India, resulting in at least 449 deaths, countless injured, toppling a 19th-century tower in the capital Kathmandu and triggering avalanches on Mount Everest.



Tyler Durden's picture

One Last Look At The Real Economy Before It Implodes - Part 6: Solutions

All problems, all crises, have at least one solution, if not many solutions. There is no such thing as an unwinnable scenario. Some may not be smart enough or courageous enough to see it, but the solution is always there, waiting to be discovered. The only fight that cannot be won is the fight in which the enemy makes all the rules and we foolishly abide by those rules. Life is not a game of chess, and a man can choose to be more than a pawn anytime he has the guts to do so. Collapse is already upon us; now we must decide who will determine what happens next.



Tyler Durden's picture

Why Nav Sarao Had To Be Destroyed: He Found A Way To Beat The HFTs At Their Own Game

Today, we find precisely how and why Sarao was singled out: he not only ratted out the parasitic trading strategies of the real culprits behind the broken market, the massive HFT firms (such as Virtu which just went public just a day before the Sarao charges were filed) which gave the "regulators" no choice: one of them had to be put away for good, but found a way to capitalize on the algos' stupidity, and actually make money by beating them at their own game.  As such, regulators and exchanges such as the CFTC and CME had no choice but arrest him and prevent him from trading ever again!



Tyler Durden's picture

The Fate of The Tech Bubble Is In The Hands Of Just One Company

With the Nasdaq having finally eclisped its bubble-era record, the weight of the tech investing world now rests on the shoulders (or should we say "wrists") of just one company...



Tyler Durden's picture

When Your Banana-Guy Starts Trading Stocks, You Know It's Over

Presented with no comment... ok well one! WTF!?



Tyler Durden's picture

The Rehypothecation Of Gold, And Why It Matters

Claiming to own X quantity of gold is one thing, and reporting how many times the gold has been pledged as collateral is another.



Tyler Durden's picture

"I’m Not Crazy, I’m Scared" - Why For One Trader, This Time It Is Different

"What is different this time? Central banks are driving all investment decisions, and what this implies is that they are in this trade so  deeply that there is no obvious or practical exit.... This is a dangerous situation. The focus must return to the REAL economy; we cannot trade our way out of past mistakes."



Tyler Durden's picture

China Could Face "Sharp" Rise In Capital Outflows If Stocks, Economy Lose Momentum

"The downside risk would be to have broad-based outflows if the macro story deteriorates further or the stock exchange collapses, which would create a confidence crisis,” one analyst tells Bloomberg, as capital continues to flow out of China. The country faces accelerating capital outflows, a looming economic downturn, and an epic stock market bubble, and ironically, efforts to combat the latter two problems are very likely to exacerbate the former.



Tyler Durden's picture

11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Well, the Nasdaq finally did it. So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us. 



Tyler Durden's picture

Presenting De-Dollarization In One Simple Map

Spot the odd G-7 nations out...



Tyler Durden's picture

11-Year-Old Boy Removed From Mother For Defending Her Need For Medicinal Cannabis

This is the story of an 11-year-old boy who bravely defended his mom’s used of cannabis oil during a anti-drug program at his school...



Tyler Durden's picture

Are You Faster Than A Stock Market Spoofer?

Think you too could "Sarao" the markets? Step right up and test your 'spoofing' skills...



Do NOT follow this link or you will be banned from the site!