Archive - Oct 2015
October 29th
Dramatic Footage From The Syrian War In Aleppo And Palmyra
Submitted by Tyler Durden on 10/29/2015 11:20 -0500The Service Economy
Submitted by Gold Standard Institute on 10/29/2015 11:13 -0500Stagnation is but a small price to pay, Europeans think, to achieve the goal of everyone being taken care of.
The Six Year "Grand Delusion" is Ending
Submitted by Phoenix Capital Research on 10/29/2015 11:12 -0500For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.
Italians More Confident Than Germans For The First Time Since 2009
Submitted by Tyler Durden on 10/29/2015 11:00 -0500The latest batch of European consumer confidence data is a very mixed bag. On the weak side, the French continue to be miserable, notable outliers to the rest of the majors, and German confidence has now fallen for 7 straight months. However, Italians have not been this confident since 2002 and for the first time since 2009, both Italian and Spanish consumer confidence is higher than Germany's. So if everyone is so damn confident, why does Draghi continue to push for moar emergency easing?
The BoJ Owns 52% Of The Entire Japanese ETF Market , And Now It Wants More
Submitted by Tyler Durden on 10/29/2015 10:41 -0500Haruhiko Kuroda owns 52% of all Japanese ETFs. And now he wants more. Facing a lack of willing JGB sellers, the BoJ now faces the possibility that ramping up its easing efforts will entail expanding the bank's already elephantine equity portfolio. "At a fundamental level, I don’t support the idea of central banks buying ETFs or equities. Unlike bonds, equities never redeem. That means they will have to be sold at some point, which creates market risk."
BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds
Submitted by Tyler Durden on 10/29/2015 10:22 -0500"The rise in household savings rates amid so much central bank support is paradoxical to us, and mimics what we highlighted in the credit market earlier this year. Companies in Europe are deleveraging, not releveraging"
The 'Smart' Money Has Never Been This Long The Long-Bond
Submitted by Tyler Durden on 10/29/2015 10:21 -0500Back at the beginning of 2014 - when commercial traders were net long nearly 40,000 options and futures contracts on the US long bond - it marked the peak in yields and preceded a 13 month rally in bonds that took 30-year treasury rates from 4% to 2.25%. Now, as Gavekal Capital's Bryce Coward notes, the commercial traders, aka "smart money," were net long about 61,000 contracts, or 50% more contracts than the peak in 2014. If recent history is any guide then a 1 handle on the 30-year treasury bond could be a reality!
Goldman Finds Buybacks No Longer Work To Boost Stock Prices: Two Reasons Why
Submitted by Tyler Durden on 10/29/2015 10:03 -0500The great buyback manio of the past 3 years may soon be ending, for two key reasons.
Paul Ryan Elected 54th House Speaker - Live Feed
Submitted by Tyler Durden on 10/29/2015 09:44 -0500Having received the support of the various warring (and whining) factions within the Republican Party, Paul Ryan has just garnered enough votes to become the 54th House Speaker. As CNN reports, Ryan began turning the page on Wednesday, telling reporters after his party's internal vote that, "we are not going to have a House that looks like it's looked the last two years. We are going to move forward. We are going to unify. Our party has lost its vision, and we are going to replace it with a vision."
Bitcoin Soars Near Highest Since 2014 As China Outflows Accelerate
Submitted by Tyler Durden on 10/29/2015 09:39 -0500For the past few weeks we have been detailing the tightening of China capital controls and what that may mean for Bitcoin (most recently here). It appears the outflows (that offshore Yuan weakness relative to onshore Yuan suggests) are accelerating as Bitcoin just traded above $314 (up from around $200 when we first warned about China) - near the highest since December 2014.
London Property Bubble Set To Burst - UBS and Deutsche Warn
Submitted by GoldCore on 10/29/2015 09:32 -0500A bursting of property bubbles in London and New York would be expected to have an impact on national economies and indeed on national property markets. Sentiment would be badly impacted. Caution should be the order of the day.
Pending Home Sales Tumble Most Since 2013 Amid "Signs Of A Slowing US Economy"
Submitted by Tyler Durden on 10/29/2015 09:07 -0500Following the carnage in new home sales in September, amid sliding mortgage apps and despite soaring homebuilder sentiment, pending home sales in September also plunged - dropping 2.3% MoM (missing expectations of a 1.0% rise) and worse still from a downwardly revised history. This is the biggest MoM drop sicne Dec 2013 andthe second lowest level of pending home sales this year. While there is plenty of blame for this, NAR's Larry Yun, rather ominously warns, "signs of a slowing U.S. economy may be causing some prospective buyers to take a wait–and–see approach."
And The Biggest "Contributor" To Q3 GDP Was...
Submitted by Tyler Durden on 10/29/2015 09:01 -0500If you said "the Supreme Court-approved tax that is Obamacare", then give yourself a pat on the back.
NATO Looks To Station Thousands Of Troops On Border With Russia
Submitted by Tyler Durden on 10/29/2015 09:00 -0500“NATO military planning generates confrontational approaches to security issues that in our view should belong to the past. The creeping increase in NATO’s military presence on our frontiers [is] testing [our] patience."
Americans Need More Than Just Low Gas Prices & Higher Stocks To Be "Comfortable"
Submitted by Tyler Durden on 10/29/2015 08:52 -0500Presented with little comment, aside to note it appears Americans need even moar in order to be happy...






