Archive - Apr 18, 2015
The Greek "White Knight" Emerges: Putin To Give Athens €5 Billion For Advance Gas Pipeline Fees
Submitted by Tyler Durden on 04/18/2015 21:54 -0500With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece should introduce a parallel "IOU" currency, a white knight has appeared out of nowhere for Greece, one who may offer $5 billion in urgently needed cash. The white knight is none other than Vladimir Putin.
More Hillary Cronyism Revealed: Cisco Used Clinton Foundation To Cover-up Human Rights Abuse In China
Submitted by Tyler Durden on 04/18/2015 20:45 -0500“Crony capitalism has defined Clinton’s career, from her tenure on the board of Walmart, to the Wall Street execs whom she surrounded herself with at the State Department, to her allegiance to Cisco, even as it violated principles on which she staked her tenure,”
What Bernanke's New Employer Had To Say About Him Just 2 Years Ago
Submitted by Tyler Durden on 04/18/2015 20:10 -0500Having previously explained the 175,846,629,768 reasons why former Fed Chair Ben Bernanke would join Citadel - the most-levered hedge fund in the world and alleged conduit of fed put protection; we thought it intriguing to note what billionaire Citadel Ken Griffin had to say about Bernanke and his policies just 2 years ago...
Did Presidential Candidate, Marco Rubio, Make A Deal With The Devil?
Submitted by Tyler Durden on 04/18/2015 19:35 -0500Is mainstream media really going to ignore that Marco Rubio’s campaign is named after the late 1990?s think tank called a ‘Project for a New American Century’ (PNAC), founded by Head Neocon – Bill Kristol? And this is no coincidence. Guess who’s doing the Sunday talk show circuit campaigning for a Rubio presidency?
"More Than Half Of All Global Government Bonds Are Yielding 1% Or Less"
Submitted by Tyler Durden on 04/18/2015 19:01 -0500Just two facts to best describe the New Paranormal:
1. Central bank assets now exceed $22 trillion, a figure equivalent to the combined GDP of US & Japan
2. 53% of all global government bonds are yielding 1% or less
Good luck with that "renormalization."
Why The Record Drop In Chinese House Prices Suggests Beijing Is Already In A Recession
Submitted by Tyler Durden on 04/18/2015 18:24 -0500If one compares the history of the Chinese and US housing bubbles, one observes that it was when US housing had dropped by about 6% following their all time highs in November 2005, that the US entered a recession. This is precisely where China is now: a 6.1% drop following the all time high peak in January of 2014. If the last US recession is any indication, the Chinese economy is now contracting! So much for hopes of 7% GDP growth this year.
The Global Liquidity Squeeze Has Begun
Submitted by Tyler Durden on 04/18/2015 17:50 -0500- American Express
- Art Cashin
- Australia
- Bank of New York
- Bond
- Borrowing Costs
- Brazil
- Bulgaria
- Central Banks
- China
- Credit Conditions
- default
- European Union
- Eurozone
- Fail
- Federal Reserve
- Federal Reserve Bank
- Federal Reserve Bank of New York
- fixed
- France
- GE Capital
- General Electric
- Germany
- Global Economy
- Greece
- McKinsey
- New York Fed
- Real estate
- Recession
- recovery
- Romania
- Student Loans
- Turkey
- Yuan
The entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system. Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again.
Modern-Day Monetary Cranks and the Fed's "Inflation" Target
Submitted by Tyler Durden on 04/18/2015 16:05 -0500- Barack Obama
- Ben Bernanke
- Ben Bernanke
- Central Banks
- CPI
- European Central Bank
- Fail
- Federal Reserve
- Great Depression
- Gross Domestic Product
- International Monetary Fund
- Janet Yellen
- Larry Summers
- Money Supply
- Personal Consumption
- Rate of Change
- Real estate
- Real Interest Rates
- The Economist
- Unemployment
- World Bank
The science of economics has taken a decidedly wrong turn sometime in the 1930s. In the field of monetary science specifically, sober analysis has given way to broad-based support of central economic planning, with both policy makers and their advisors seemingly trying to trump each other with ever more lunatic proposals.
These "Everyday Americans" Endorse Hillary
Submitted by Tyler Durden on 04/18/2015 15:30 -0500
Presented with no comment.
World Ponders Life After US Hegemony
Submitted by Tyler Durden on 04/18/2015 15:00 -0500We've long argued that the implications of the shift away from a global economic order that has prevailed since the end of WWII are far reaching and may include the demise of what has largely been a unilateral political and economic system characterized by the dominance of US foreign policy and Western notions of politics and capitalism. Now, it appears as though de-dollarization and the end of US hegemony may have gone viral because, as The NY Times reports, a US “retreat” from the world order it has largely shaped was the unspoken topic de jour at this year’s spring meeting of the IMF and World Bank in Washington.
2007 All Over Again? Let Us Count The Ways (And Remember What Happened Then)
Submitted by Tyler Durden on 04/18/2015 14:30 -0500Extreme optimism - whether in the form of stock valuations, consumer spending, or happiness surveys like the one mentioned below - tends to be followed by corrections; because to get to an extreme point in a data series, extreme behavior is usually required. That is, a lot of really optimistic investment decisions have to be made to push financial markets to cyclical highs, and these kinds of moves tend to exhaust themselves and produce big moves in the other direction. Hence the 2008 low following the 2007 high.
Well That Hasn't Happened Before - Exhibit 2
Submitted by Tyler Durden on 04/18/2015 13:45 -0500We have never, ever, seen the long- and short-end of the Treasury yield curve so anti-correlated.
A MiDSuMMeR NiTe'S SCReaM...
Submitted by williambanzai7 on 04/18/2015 13:24 -0500BANZAI7 F&B WARNING...
Did Germany Secretly Fund Israel's Nuclear Weapons?
Submitted by Tyler Durden on 04/18/2015 13:00 -0500The conservative German daily Die Welt, well-known for its unflinching support for Israel, recently published an article stating “with near certainty” that the Federal Republic of Germany, or West Germany, helped finance Israel’s nuclear program in the 1960s. The Welt report comes after former Israeli President Shimon Peres (who was the head of Israel’s nuclear-weapons program at the time of its inception in the 1950s) denied that funding for Israel’s nukes came from Germany earlier this month.



