• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Tyler Durden's picture

More "P"onzi-2-"P"onzi Blowups "Just A Matter Of Time" In China, Experts Warn

With some 1,000 of the 3,600 P2P sites operating in China deemed "problematic", it's not a matter of if we see another Ezubo, but rather a matter of when

"The harm is obvious. It's going to damage financial reforms, cause social unrest and destabilize the regime to some extent."


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Have Stocks Priced In A Recession? (Spolier Alert: Not Even Close)

"Based on current valuations, the prices of most stocks don’t appear to have factored in a recession scenario, ‘hence the downside should we see a recession could be rather severe',... the shares of most companies could still fall another 50% or more from current levels."


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LinkedIn Crashes To 18-Month Lows After Slashing Guidance

Bloodbathery.. it seems at full employment no one needs a new job... or wants to hire? LNKD is downover 20% in the after-hours following a drastic guidance cut. This crashes the stock to its lowest since July 2014...


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Saudi Arabia "Ready To Send Ground Troops To Syria"

Proxy war no more. Saudi Arabia and Iran are set to have troops fighting in the same country.


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The Latest Hedge Fund Casualty: Standard Pacific Capital Is Liquidating

"After 21 rewarding years, Standard Pacific Capital has decided to return capital to investors across all of our strategies," the letter said. "It has recently become clear to both of us that sometimes there is a logical conclusion to even a good thing. We decided that now is that time for Standard Pacific."


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"The Worst Case Scenario Is Already A Reality": Minnesota's Mining Country Is "Melting"

With all of the focus on oil, not much attention has been paid to the impact the commodities downturn has had on other things people pull out of the ground in North America. Courtesy of the Washington Post, we get an in-depth look at the dramatic effect slumping demand and acute overcapacity in China has had on one corner of America’s Heartland: Minnesota's "iron ridge."


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Obama Proposes $10/Barrell Oil Tax To Fund Government Transportation Spending

"It's a supply issue", "No, it's a demand issue" - when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what is causing it. Luckily, Obama may provide just the tiebreaker.


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"HY Primary Markets Are All But Shut" - What Keeps BofA's Junk Bond Analyst Up At Night

"HY primary markets are all but shut except for very high quality issuers. And if this trend continues for a while (the probability of which in our opinion is very high), we could envision a world where enterprises, big and small, find it harder to acquire financing across all industries, leading to widespread defaults, even outside of commodities."


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Sweden: Death By Immigration

Mass immigration is continuing to claim victims in Sweden. Murder, assaults and rape have become everyday occurrences in this small country, with a population just short of ten million, which last year opened its doors to almost 163,000 immigrants. The atmosphere on Swedish social media is now almost revolutionary.


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The Real Reason For Oil's Crazy Volatility This Week

The volatility in crude oil trading has reached the highest levels since Lehman's systemic crisis in 2008. Intraday swings of 5-10% are now de rigeur with OPEC and geopolitical headlines jockeying for narrative amid collapsing fundamentals.. but there is another, much bigger driver of this sudden chaos. As Reuters reports, the sudden liquidation of a $600 million triple-levered fund bet on falling prices wreaked havoc through the entire crude complex.


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The Bond Market Is Waiting For A Further Correction In Equity Prices

While equity prices and this bond spread moved in fairly close lockstep from 2008-2013, this relationship has been diverging since the middle of 2014. The widening of this spread also doesn’t bode well for a turnaround in industrial production anytime soon.


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