Archive - Oct 7, 2015

Tyler Durden's picture

Syrian Crisis: What Will Happen Next?





The question today is merely one of timing. How long before a negative trigger is introduced? How long before Israeli planes come into contact with Russian or Iranian fighters? How long before U.S. troops come into contact with Russian troops? How long before Israel or Saudi Arabia strike Iran? And if the U.S. backs out completely, how long before the entire dynamic of the Middle East is flipped and America loses petro-status for the dollar? With the speed of events forming a fiscal-political riptide, it is hard to imagine we will be waiting very long to find out.

 

Tyler Durden's picture

The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend





Deutsche Bank warned it expects to record a third-quarter loss of $7 billion, tied to a huge write-down in its corporate-banking-and-securities segment.  The bank said the charges are driven by the impact of expected higher regulatory capital requirements and its disposal of Postbank. It also said it will consider reducing or eliminating its common dividend for fiscal 2015.

DEUTSCHE BANK SEES 3Q NET LOSS EUR 6.2 BLN
DEUTSCHE BANK TO RECOMMEND DIVIDEND CUT OR POSSIBLE ELIMINATION

 

Tyler Durden's picture

St. Louis Prepares For "Catastrophic Event" As Underground Fire Nears Nuclear Waste Cache





Beneath the surface of a St. Louis-area landfill lurk two things that should never meet: a slow-burning fire and a cache of Cold War-era nuclear waste, separated by no more than 1,200 feet. As AP reports, government officials have quietly adopted an emergency plan in case the smoldering embers ever reach the waste, a potentially “catastrophic event” that could send up a plume of radioactive smoke over a densely populated area near the city’s main airport.

 

Tyler Durden's picture

Time To End Monetary Central Planning





Governments and their central bank creations usurped market-based monetary and banking systems to serve the plundering purposes of kings, princes, parliaments, and special interest groups who all wanted to hold the magical hand of the monetary printing press. Print up money (or its digital substitutes and surrogates in more modern times) and you can have access to all the hard work of others without the reciprocal effort. The monetary social engineers' century-long legacy in the arena of money and banking has been the booms and busts of the business cycle. The time has come to end the tragic and disruptive reign of monetary central planning.

 

Tyler Durden's picture

China Opens Weaker Than Expected After Goldman Downgrade And "Mirage Of A New Dawn" Warnings





After a "no change" statement from The BoJ, today's dismal Japanese data was terrible enough to be great news in the new normal as August machine orders drop the most in at least a decade and stocks, USDJPY dipped and ripped. However, it was the China open that investors waited for (after China shares rising 10% in US trading, and CNH strengthening on lower than expected reported outflows) as Goldman slashed its 12m target for Chinese stocks, and Bocom's chief strategist (who called the boom and the bust) says "rally is mirage of new dawn, volume is dying, sell the rallies." PBOC fixed the Yuan at its strongest in 2 months and while Chinese stocks opened up notably it was less than US ADRs suggested (CSI +4% vs ASHR +9.5%).

 

Tyler Durden's picture

Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term "Sliding Slope Of Hope"





Sometimes less is more (less good data is moar good for stocks) and in the case of Marc Faber's recent appearance on Bloomberg's "What'd You Miss", 66 seconds of honesty was all that the hosts could take. The Gloom, Boom & Doom report editor notes "we have had a meaningful decline in many stocks already," and warns it is far from over as market face two possibilities of "longer-term unattractiveness": "a 1987-style collapse," or a 1973-74-style slow "sliding slope of hope."

 

Tyler Durden's picture

No More "Free Trade" Treaties: It's Time for Genuine Free Trade





It is erroneous to believe that free traders have been historically in favor of free trade agreements between governments. Paradoxically, the opposite is true. Curiously, many laissez-faire advocates fall into the government-made trap by supporting “free-trade” treaties. The very fact that governments are negotiating in the name of free trade should be suspicious for any libertarian or true advocate of free trade. It’s time for genuine free trade.

 

Tyler Durden's picture

"I Would Say Don't Worry" Says Chinese Central Banker As Indian Central Banker Says "World Economy Is Looking Grim"





"I would say, don't worry" said Yi Gang, deputy governor of the People's Bank of China, after the International Monetary Fund warned of risks in China's economic challenges.

"The world economy is looking grim" - said Raghuram Rajan, Indian central bank governor and former chief economist of the International Monetary Fund.

 

Tyler Durden's picture

The World Map Of Debt





What if we were to redraw the world map based on the (un)sustainability of national debt levels?

 

Tyler Durden's picture

Edward Snowden: "They've Said They Won't Torture Me..."





Just in case anyone still foolishly believes that there’s a shred of decency left in the ‘justice’ system in the Land of the Free, we would humbly present exhibit A: Edward Snowden.

 

Tyler Durden's picture

Someone In Chicago Is Shot Every 2.8 Hours (Despite Major Gun Control)





Someone in Chicago has been shot every 2.84 hours this year for a total of 2,349 shootings during the period of January 1, 2015 to October 6, 2015 (and 2015 is likely to eclipse 2014's record 2.587 shooting victims); but, Chicago, for all intents and purposes, is a “gun-free zone.” But all the state and city regulations associated with firearms in Chicago have failed to produce a safe city, and these are the policies that President Obama and Secretary Clinton wish to extend to the rest of the country.

 

Tyler Durden's picture

Presenting SocGen's "China Syndrome": "The Vicious Cycle Of Lower Demand, Prices And Commodity Currencies"





"There's a circularity and self-fulfilling relationship between commodity currencies, lower commodity demand and lower commodity prices in an environment of oversupply."

 

Phoenix Capital Research's picture

Is a Ban on Physical Cash Coming Soon?





If you think this sounds like some kind of conspiracy theory, consider that France just banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.


 

Tyler Durden's picture

Recovery? Student Homelessness Has Doubled Since Before The Recession





How’s that recovery going for you? Here’s the latest data point from the ongoing oligarch crime spree shamelessly marketed to the masses as an “economic recovery.”

 
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