Archive - Oct 7, 2015
Syrian Crisis: What Will Happen Next?
Submitted by Tyler Durden on 10/07/2015 21:30 -0500The 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.
The First Crack: Deutsche Bank Preannounces Massive Loss, May Cut Dividend
Submitted by Tyler Durden on 10/07/2015 21:20 -0500Deutsche 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
St. Louis Prepares For "Catastrophic Event" As Underground Fire Nears Nuclear Waste Cache
Submitted by Tyler Durden on 10/07/2015 21:00 -0500Beneath 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.
Caught On Tape: Russian Warships Launch 26 Cruise Missiles At ISIS Targets
Submitted by Tyler Durden on 10/07/2015 20:45 -0500
Time To End Monetary Central Planning
Submitted by Tyler Durden on 10/07/2015 20:30 -0500Governments 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.
China Opens Weaker Than Expected After Goldman Downgrade And "Mirage Of A New Dawn" Warnings
Submitted by Tyler Durden on 10/07/2015 20:23 -0500After 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%).
Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term "Sliding Slope Of Hope"
Submitted by Tyler Durden on 10/07/2015 20:00 -0500Sometimes 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."
No More "Free Trade" Treaties: It's Time for Genuine Free Trade
Submitted by Tyler Durden on 10/07/2015 19:30 -0500It 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.
"I Would Say Don't Worry" Says Chinese Central Banker As Indian Central Banker Says "World Economy Is Looking Grim"
Submitted by Tyler Durden on 10/07/2015 19:17 -0500"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.
The World Map Of Debt
Submitted by Tyler Durden on 10/07/2015 19:00 -0500What if we were to redraw the world map based on the (un)sustainability of national debt levels?
Edward Snowden: "They've Said They Won't Torture Me..."
Submitted by Tyler Durden on 10/07/2015 18:55 -0500Just 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.
Someone In Chicago Is Shot Every 2.8 Hours (Despite Major Gun Control)
Submitted by Tyler Durden on 10/07/2015 18:30 -0500Someone 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.
Presenting SocGen's "China Syndrome": "The Vicious Cycle Of Lower Demand, Prices And Commodity Currencies"
Submitted by Tyler Durden on 10/07/2015 17:59 -0500"There's a circularity and self-fulfilling relationship between commodity currencies, lower commodity demand and lower commodity prices in an environment of oversupply."
Is a Ban on Physical Cash Coming Soon?
Submitted by Phoenix Capital Research on 10/07/2015 17:54 -0500If 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.
Recovery? Student Homelessness Has Doubled Since Before The Recession
Submitted by Tyler Durden on 10/07/2015 17:30 -0500How’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.”



