Archive - Oct 1, 2015
If You Work Here, Quit Before You Are Fired: The 20 Largest US Layoff Announcements Of 2015
Submitted by Tyler Durden on 10/01/2015 21:40 -0500For those eager to push aside the endless government propaganda and concerned about the rapidly deteriorating economy, here is a list of the Top 20 biggest private-sector job cut announcements of 2015. Our advice: for anyone who is still employed at any of the following corporations, if you can find a job elsewhere (because the "recovery" and all), do it before you too become a seasonally-adjusted pink-slip.
Russia Is Destabilizing Syria… According To The People Currently Destabilizing Syria
Submitted by Tyler Durden on 10/01/2015 21:29 -0500Critics concerned by what Russia is accused of doing — destabilizing Syria and prolonging the conflict— should be equally opposed to U.S. intervention in that country. U.S. intervention in Syria, much like U.S. intervention elsewhere, has culminated in unprecedented destabilization and blowback. However, most people — as George Orwell understood — have a lopsided view of history, as they ignore and almost refuse to come to terms with the atrocities their own state commits, and by that logic, ignore the detrimental role the United States has played in Syria.
72-Year-Old "Mad Dog" Wakabayashi Warns "Reversals Will Be Massive In Scope"
Submitted by Tyler Durden on 10/01/2015 21:00 -0500"It's obvious the U.S. is headed for deep deflation, hurt by the strong dollar... The Fed raising rates in this environment is not only ridiculous but harmful. U.S. stocks are plunging, not because of the prospect of a Fed rate hike, but to prevent it."
Humans Are No Longer The Apex Predator In Capital Markets (But We Act As If We Are)
Submitted by Tyler Durden on 10/01/2015 20:30 -0500How many of us are bored to tears with the Fed’s Hamlet act on raising rates, and yet have been staring at this debate for so long that we have convinced ourselves that we have a meaningful view on what will transpire, even though it’s a decision where we have zero investing edge and unknowable risk/reward odds. The hardest thing in the world for talented people is to avoid turning a low edge and odds opportunity into an unreasonably high conviction bet simply because we want it so badly and have analyzed the situation so smartly. In both poker and investing, we brutally overestimate the edge and odds associated with merely ordinary opportunities once we’ve been forced by circumstances to sit on our hands for a while. Investment discipline suffers under the weight of dullness and low conviction in at least four distinct ways here in the Golden Age of the Central Banker...
Drug Shortages, Price Gouging, And Our Broken Health Care System
Submitted by Tyler Durden on 10/01/2015 19:30 -0500In a certain sense, then, the character assassination directed at the price gouger is akin to shooting the messenger pointing to the brokenness of our healthcare system. Perhaps it is to that system that the shaming should be directed. And we may wish to do that fast.
Oregon Community College Shooter Asked Victims To "State Their Religion" Before Executing Them
Submitted by Tyler Durden on 10/01/2015 19:19 -0500
US Mint Sees Record Silver Sales In Q3 As Physical Demand "Is Absolutely Through The Roof"
Submitted by Tyler Durden on 10/01/2015 19:00 -0500Having recently pointed out the surging premiums for physical gold and silver relative to the 'paper' prices spewed forth by the mainstream media, it will likely come as no surprise that, as Reuters reports, "silver [coin] demand is absolutely through the roof," according to the Perth Mint. Confirming the demand side is the U.S. Mint sold 14.26 million ounces of American Eagle silver coins in the third quarter, the highest on records going back to 1986. Dealers and mints trace the supply squeeze to a burst of buying by mom-and-pop investors in the United States, who scrambled to scoop up coins they considered to be at bargain levels after spot silver prices in early July sank to six-year lows.
"There Are Five Times More Claims On Dollars As Dollars In Existence" - Why This Matters
Submitted by Tyler Durden on 10/01/2015 18:29 -0500According to the Fed, there is about $60 trillion of US Dollar credit or claims for US dollars. Also according to the Fed, there are about $12 trillion US dollars. So, the data show plainly there are five times as many claims for US dollars as US dollars in existence. Does this matter to investors? Well, yes, it matters a lot.

Wall Street Banks Admit They Rigged CDS Prices Too
Submitted by Tyler Durden on 10/01/2015 18:21 -0500As Bloomberg reports, "JPMorgan Chase & Co. is set to pay almost a third of a $1.86 billion settlement to resolve accusations that a dozen big banks conspired to limit competition in the credit-default swaps market, according to people briefed on terms of the deal."
HFTs Have Devolved To Two-Bit Criminals Straight Out Of "Office Space"
Submitted by Tyler Durden on 10/01/2015 18:01 -0500A quick summary of the latest HFT market-rigging scam: mysteriously, and "erroneously", a change in Latour Trading's code was made, which the firm lacked "direct and exclusive control" over, and which was non-compliant with Reg NMS requirements, yet which mysteriously ended up generating "gross trading profits and rebates by stock exchanges" amounting to $2.8 million. Where have we seen this? Oh yes...
Apple, Amazon, Tesla and the Changing Dynamics of the Car Industry
Submitted by Vitaliy Katsenelson on 10/01/2015 17:50 -0500The unforeseen consequences of the advent of electric cars will reverberate much farther than the demise of dealerships and significant shifts in market share in the auto industry.
The Looming Medicaid Time-Bomb
Submitted by Tyler Durden on 10/01/2015 17:30 -0500Between the demographic time bomb about to go off - that is, the growth of the elderly population far exceeding the growth of the working age population by several orders of magnitude - and then the weak economy, the huge expansion of entitlements under the health care law, and the dramatic increases of the costs of those entitlements, including for labor, what could possibly go wrong?
Obama Delivers Statement On Today's Community College Mass Shooting
Submitted by Tyler Durden on 10/01/2015 17:23 -0500The President speaks live about the mass shooting that wreaked havoc at an Oregon community college on Thursday
Oct 2 - Fed's Lacker: Rate Rise In October Possible
Submitted by Pivotfarm on 10/01/2015 16:59 -0500News That Matters
- Pivotfarm's blog
- Login or register to post comments
- Read more





