Archive - Dec 2015

There is one thing that could dramatically slow down China's metal exports - tariffs, anti-dumping duties and other forms of protectionism.  “What may slow down the exports is anti-dumping and protectionist measures that several countries have taken against cheap imports,” said Ernst & Young’s Agrawal. In other words, a trade war... which is precisely what the U.S. just launched by hiking tariffs on Chinese steel imports by a whopping 256%.

"The best thing [about Putin] is that he knows how to maintain relations. He has a special strength to sacrifice for the relations. It is rarely found."

Trump is popular not so much for his stance on issues as for the fact that he is not another Washington politican, and he is respected for not backing down and apologizing when he makes strong statements for which he is criticized. What people see in Trump is strength and leadership. This is what is unusual about a political candidate, and it is this strength to which voters are responding. For that reason, the corrupt American political establishment has issued a “get Trump” command to its presstitute media.

President Obama has released a statement on the persecution of christians around the world...

“I was really worried. Everyone who thought of going for the end of the year will have to cancel. Nobody is going to pay 2,000 reais for a holiday package to go to a place where people say the mud is."

For those who have enjoyed our coverage of how Washington and its regional allies supply TOWs to militants battling for control of Syria, we bring you the following clip, which appears to depict Syrian rebels firing a missile at a Hezbollah fighter sitting in a truck. In a remarkable example of remaining cool under fire (literally), the soldier simply pulls forward, dodging death by a few feet at the last second.

"... this until recently bankrupt company whose price has exploded in the past two days, has become not only a poster child for everything broken and manipulated with the market (think 2014's CYNK one year forward) but has the market following with morbid to find out how the tragicomedy of "Shkreli vs the Shorters" concludes." - November 20, 2015

Yahoo’s annual Christmas party this year was a Roaring 20s / Great Gatsby theme, complete with champagne towers and a vintage Rolls Royce. The party itself, right down to the theme, was a symbol of waste, indulgence, and excess; it reported costly between $7 and $10 million to stage. The good old days are long gone. This is no longer a company that can afford such largess. And everyone seems to realize it... except Yahoo. Frankly, this seems like the perfect metaphor for the United States of America.

While oil may be cheaper... But the rest of these 'staples' still taste a lot better.

The market is well aware the price of risk is not correct, but they can’t fight it, and everyone is forced to crowd into the same trade by central bank (CB) intervention. By manipulating markets they have also reduced investors’ inherent conviction by rendering fundamentals less relevant, creating a highly unstable (fragile) situation that breaks violently when a sufficient catalyst causes risk to rise – overly crowded positioning meets a market with little conviction. Catalysts From BofAML's global equity derivatives desk's vantage point, it becomes clear that the biggest visible risk to financial markets is a loss of confidence in this omnipotent CB put.

Now we know precisely why management, not just BBBY's but every other company, was so eager to engage in record buybacks. Without them, the stock would have been at today's price long, long ago.How many buybacks? The chart below shows the average buyback price since the last time BBBY traded at $49. The answer: $67.44.

"Many Europeans have sold their values ??against petrodollars.You have Wahhabi organizations from Saudi Arabia allowed to bring their dark and extremist ideology to Europe. Therefore from there terrorists now are exported to us. We have no export, all came to Syria and then go back to Europe.The three criminals who are responsible for the attacks in Paris have all lived in Europe and not in Syria."

Any other time, the following video would be a ringing, if comical, endorsement of Keynesian economics: build it up just to tear it down again, and then build it back up again.

In an unexpected turn of events, the disappearance of not just synthetic but very physical dollars has hit one region much harder and much faster than we expected. Africa.