Slovak PM Closes The Door To Refugees: "We Don't Want What Happened In Germany To Happen Here"
Submitted by Tyler Durden on 01/07/2016 - 18:58
Fico said Thursday his government sees what he calls a "clear link" between the waves of refugees and the Paris attacks and the sexual assaults and robberies during the New Year's Eve festivities in Germany. He says: "We don't want what happened in Germany to happen here." Fico says "the idea of multicultural Europe has failed" and that "the migrants cannot be integrated, it's simply impossible."
Why The U.S. Can't Be Called A "Swing Producer"
Submitted by Tyler Durden on 01/07/2016 - 18:30
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who have the will and the means to affect market prices, and those who react to them. In other words, the swing producer and everyone else.
For Commodities, This Is The Next Great Depression
Submitted by Tyler Durden on 01/07/2016 - 18:05
While the "sell in 1973, and go away" plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison... the middle of The Great Depression.
Perfect Storm!?
Submitted by Tyler Durden on 01/07/2016 - 17:20
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling all at once.
Pizza And Assault Rifles: Inside The Occupied Oregon Wildlife Refuge
Submitted by Tyler Durden on 01/07/2016 - 17:15
Aliso Canyon's Historic Gas Leak Puts Sempra Energy In "Uncharted Regulatory Territory"
Submitted by Tyler Durden on 01/07/2016 - 16:50
Sempra Energy may be entering uncharted regulatory and technical territory with the massive and uncontained Aliso Canyon gas leak, according to Bloomberg Intelligence, as the company and its regulators simply cannot find historical leaks of this magnitude. Sempra’s Southern California Gas Co. is drilling a relief well but has warned that capping the well could take two months which has prompted massive evacuations in the area, the instigation of a no-fly zone, and now Governor Brown's declaration of a state of emergency to protect residents.
Bob Janjuah Warns The Bubble Implosion Can't Be "Fixed" This Time
Submitted by Tyler Durden on 01/07/2016 - 16:25
Having correctly foreseen in September that "China's devaluations are not over yet" it appears Nomura's infamous 'bear' Bob Janjuah has also nailed The Fed's subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to "convince markets that strong growth and inflation are on their way back"). In light of this, his latest note today should be worrisome to many as he warns the S&P 500 will trade down around 20% to 25% from current levels in H1, down to the 1500s and for dip-buyers, it's over: "I now feel even more certain that debt-driven asset bubble implosions cannot merely be 'fixed' with even more debt and another round of central bank-driven asset bubbles."
These Are The 10 Companies Most Hated By Wall Street
Submitted by Tyler Durden on 01/07/2016 - 15:44
While the list of "most hated buyside" stocks is at least actionable, not even we are sure what to do with the list of companies that are most hated by the sellside, besides perhaps revealing what it is. So for all those wondering, here courtesy of Factset, is the list of 10 S&P500 companies with the highest percentage of Sell ratings.
As The Saudi Economy Implodes, A Fascinating Solution Emerges: The Aramco IPO
Submitted by Tyler Durden on 01/07/2016 - 15:17
Earlier today everything changed when Saudi Arabia's unveiled what may be a stunning Hail Mary: one which is great news for the suddenly liquidity challenged Saudi government, and is very bad news for the future price of oil. According to the Economist, Saudi Arabia is contemplating taking Saudi Aramco - arguably the world's most valuable company - public. Here are the implications.
"Nowhere To Hide" As Baltic 'Fried' Index Careens To Fresh Record Low
Submitted by Tyler Durden on 01/07/2016 - 15:00
Another day, another fresh all-time record low in The Baltic Dry Index as Deutsche Bank's "perfect storm" appears ever closer on the horizon. Plunging 4.7% overnight to 445 points, this is 20% lower than the previous record low in 1986 and as one strategist warns, "It’s a brutal start of the year, there’s just nowhere to hide on the market."
5,000 Swiss Army Troops Will Protect World's Billionaires During Annual Davos Boondoggle
Submitted by Tyler Durden on 01/07/2016 - 14:37
With a new wave of terrorism, mass shootings and unprecedented social violence around the globe now a part of the daily routine for billions of people across both developed and developing nations, one group wants to be certain there is no chance of "close encounters", violent or otherwise, with the peasantry during its upcoming annual boondoggle at the World Economic Forum in Davos. According to Swissinfo, when the world's billionaires land their private jets in the gorgeous Swiss town (which at 1,560 m is also the highest town in Europe) on January 20, they will have up to 5,000 Swiss army troops protecting them.
VIX Breaks Above 25 - Term Structure Inverts; Credit Signals More To Come
Submitted by Tyler Durden on 01/07/2016 - 14:05
Who could have seen that coming? Bob Pisani is about to get "worried" as VIX broke above 25
