Archive - Oct 14, 2014

Tyler Durden's picture

Crude Crashing: Brent Is Most. Oversold. EVER





To our rather great dismay, what is gong on with WTI is nothing compared to the move in Brent where as the weekly RSI indicator shows the selloff in Brent is now the worst, well, ever!

 

Tyler Durden's picture

Cliff Asness Warns On QE-Blowback "Nothing Is Over Yet", Slams "Mostly Dishonest" Krugman





"...much like when the Germans bombed Pearl Harbor, nothing is over yet. The Fed has not undone its extraordinary loose monetary policy and is just now stopping its direct QE purchases... Paul [Krugman] will continue to be mostly wrong, mostly dishonest about it, incredibly rude, and in a crass class by himself."

 

Tyler Durden's picture

Ron Paul: "Liberty, Not Government, Is Key To Containing Ebola"





Firestone's success in containing Ebola shows that, far from justifying new state action, the Ebola crises demonstrates that individuals acting in the free market can do a better job of containing Ebola than can governments. The Ebola crisis is also another example of how US foreign aid harms the very people we are claiming to help. Limiting government at home and abroad is the best way to protect health and freedom.

 

Tyler Durden's picture

Quote Of The Day: Central Bank Fairy Tale Edition





"Investors around the world are shocked, shocked that the monetary wizards may have run out of magic tricks to revive global economic growth... Even the wizards are admitting that their powers to do so are limited."

 

Tyler Durden's picture

After Central Bank Financial Bubbles, Comes Liquidation And Industrial Deflation





Nearly two decades of central bank financial repression have created huge distortions and imbalances in the world economy. Now they are coming home to roost as the impossibility of ZIRP forever dawns on even our mad money printers. Having created yet another round of ebullient financial bubbles, they are now getting palpably nervous.

 

Tyler Durden's picture

OPEC Members' Rift Summarized (In 1 Simple Chart)





With oil prices crashing, as various OPEC members (cough Saudi Arabia cough) turn the screws on each other, we thought (after showing the US domestic pain) the following chart from The Economist would provide more context for which nations are feeling the most (and least) pain...

 

Tyler Durden's picture

If The Oil Plunge Continues, "Now May Be A Time To Panic" For US Shale Companies





It would truly be the crowning achievement of Obama's career if, amazingly, he manages to bankrupt the US shale "miracle" next.

 

Tyler Durden's picture

12 Charts That Show The Permanent Damage That Has Been Done To The US Economy





Most people that discuss the "economic collapse" focus on what is coming in the future.  And without a doubt, we are on the verge of some incredibly hard times.  But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term economic collapse that we are already experiencing.  But because unprecedented levels of government debt and reckless money printing by the Federal Reserve have bought us a very short window of relative stability, most Americans don't seem too concerned about our long-term problems.  They seem to have faith that our "leaders" will be able to find a way to muddle through whatever challenges are ahead.  Hopefully the following 12 charts will be a wake up call.

 

Tyler Durden's picture

On The Precipice Of A Breakdown In Confidence





"I am calm. But I am angry, too. It doesn’t have to be this way... this consensus-by-fiat style of policy leadership where we are always only one counter-factual reveal – the sick nurse or the sick economy – away from a breakdown in market or governmental confidence. I am angry that we have been consistently misjudged and underestimated, treated as children to be “educated” rather than as citizens to be trusted. I am angry that our most important political institutions have sacrificed their most important asset – not their credibility, but their authenticity – on the altar of political expediency, all in a misconceived notion of what it means to lead. And yet here we are. On the precipice of that breakdown in confidence. A cold wind of change is starting to blow. Can you feel it?"

 

Tyler Durden's picture

French Nobel-Prize Winning Economist Slams "Big State" Socialism: "Not Enough Money To Pay For It"





One would think: i) French + ii) economist + iii) Nobel prize winner = the French version of Paul Krugman, which immediately means someone who exists in a permament state of eternal hubris and confused shock at the endless stupidity of all those others who (have a functioning frontal cortext and thus) fail to recognize his brilliance (hence, are capable of rational thought), whose only explanation for the failure of all his promoted policies is that not enough, never enough of them was attempted, and that, like a good socialist, the only thing better than a massive government apparatus is an infinite government apparatus, coupled with 10 Princeton economists sitting in a circle, chanting and micromanaging the world, the economy and the capital markets.

One would be wrong.

 

George Washington's picture

Federal Reserve Bank Admits AGAIN That It Is Not a Federal Agency





Long-Time Zero Hedge Readers Have Known This Forever ... But Those Who Get Their News from the MSM Would Be Shocked, Shocked I Say ...

 

Tyler Durden's picture

FBN Warns Not All Pullbacks Are Created Equal





In a secular rally, pullbacks will inevitably arise. Market participants, though, should not view all drops in the same light. In addition to the differences in the depth of the collapse, the magnitude of the changes of critical investor sentiment statistics may differ greatly. Assessing the current retracement is a difficult prospect as we may have yet to reach its terminus.  Based on the initial sentiment statistics, the current decline has more similarity to the most significant historic collapses.

 

EconMatters's picture

The Fed Has to Sell Treasury Holdings Back to Marketplace





Maybe overzealous bond investors might want to rethink that Yield Chasing Strategy for 2015. 

 

Tyler Durden's picture

Bob Janjuah Targets S&P 1770, Says "Markets Are Now Collectively Reconsidering Reality"





The fact that the US economy is nowhere near strong enough to offset the deflation it would import and is already importing through USD strength vs EUR and JPY in particular, has now become a key market theme. Crucially, markets are now collectively having to consider what Bob Janjuah thinks is the reality – that annual trend global growth is converging down at around 2.5%, well short of the pre-crisis levels of over 4%. Janjuah believes "we will see UST 10yr yields closer to 1.5% before they get anywhere near 3.5%, with 10yr Bund yields at 50bp; and a weekly close on the S&P 500 below 1905 was and remains his key pivot point - targeting 1770 as the next stop."

 
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