Archive - Apr 22, 2015
Why Are Oil & Gas Workers Mysteriously Dying Across America?
Submitted by Tyler Durden on 04/22/2015 22:45 -0500Over the past several years, oil & gas workers in North Dakota, Colorado, Texas, Montana, and Oklahoma have mysteriously died while conducting routine checks of oil levels at tank batteries. In many cases, the fatalities were ruled to have been the result of natural causes. Now, it appears the real culprit has been found. The question is: how much did the industry know and why was the problem not addressed?
Chinese Stocks Surge After Lowest Manufacturing PMI In A Year
Submitted by Tyler Durden on 04/22/2015 21:26 -0500Great News, the Chinese manufacturing economy is contracting at its fastest pace in a year... at least that is the reaction in the Shanghai Composite. After selling off from the open, when HSBC China Manufacturing PMI printed a considerably worse than expected 49.2 - the lowest since April 2014 - stocks took off, energized the future easing expectations that are assured to come from a PBOC now hell-bent on providing speculative tools for any- and every-one just to keep the populace from revolting.
A Practical Utopian’s Guide To The Coming Collapse: David Graeber On "The Phenomenon Of Bull$hit Jobs
Submitted by Tyler Durden on 04/22/2015 21:25 -0500Since the 1970s there has been a shift from technologies based on realising alternative futures to investment technologies that favoured labour discipline and social control. Hence the internet.
“The control is so ubiquitous that we don’t see it.” We don’t see, either, how the threat of violence underpins society, David Graeber claims.
American Assault Death Exceptionalism
Submitted by Tyler Durden on 04/22/2015 20:50 -0500USA! USA! USA! America is still the most exceptionally violent nation in the OECD world. However, it appeasrs that crown is being removed as 'Peak violent assault death' seems to have hit in the late-1970s.
The Euthanasia Of The Saver
Submitted by Tyler Durden on 04/22/2015 20:14 -0500American banks have largely gained from low interest rates, British banks have suffered losses as a result and in the Eurozone they have been hugely detrimental to banks’ profitability. The ones who have undoubtedly lost out were those quintessential Keynesian villains: the savers. The medicine prescribed by the central banks to correct their “bad” ways has cost them billions. And given that yields have continued to go down since McKinsey's report was published, their misery has only increased. More high fives from Keynes! And yet, even within those groups the impact has been uneven. Who in the household segment is suffering the most because of ultra-low interest rates? The retirees, of course.
Here Is The Dollar Value Of Your State's Land
Submitted by Tyler Durden on 04/22/2015 19:39 -0500Ever wonder what the value of your state's land was? Or the average value per acre, and not just of your state but the entire United States? Here is the answer.
BoJ QE Exit "Out Of The Question," Former Official Says As Morgan Stanley Talks JGB Liquidity
Submitted by Tyler Durden on 04/22/2015 19:05 -0500"If the BoJ persists with its current pace of JGB purchases, then the incentive for investors to reduce their holdings any further is likely to dwindle away within the next 18–24 months, at which point liquidity may evaporate altogether," Morgan Stanley says, calling liquidity the "major theme" in the JGB market. Meanwhile, a former MoF official claims the BoJ is now in so far over its head that an exit from stimulus is "out of the question."
Caught On Tape: Cop Grabs, Smashes Phone Of Woman Recording Him
Submitted by Tyler Durden on 04/22/2015 18:51 -0500"He told me that I had to go. He said I was interfering with their investigation and I told [him] that I was on a public sidewalk and I had the right to film them.." And then this happened...
But They Said "Go To College"
Submitted by Tyler Durden on 04/22/2015 18:30 -0500Students are left with a debt burden that can’t be written off by declaring bankruptcy, very few jobs in their fields of study, wages that can barely cover the debt payments, and no chance of ever owning a home. They were told by their parents, politicians, and the mainstream media that college was the path to prosperity. They were lied to.
"Above The Law" Fed Ignores Congressional Deadline On FOMC Minutes Leak Probe
Submitted by Tyler Durden on 04/22/2015 18:20 -0500In a stunning shun to Congressional lawmakers, WSJ reports that The Fed has failed to comply with a request that the bank-owned entity identify the individuals who leaked The FOMC Minutes to Medley Global Advisors a day before the official release in October 2012. Rep. Jeb Hensarling sent a letter to Fed Chairwoman Janet Yellen on April 15 asking the Fed to name them by 5 p.m. EDT April 22. The deadline passed without any response by the Fed...
Stolen Horse Chase Nets Suspect $650,000 Pay Day
Submitted by Tyler Durden on 04/22/2015 18:00 -0500All's well that ends well after a good old fashioned horse chase...
Dear CFTC: This Is The Market Manipulating "Spoofing" Taking Place In The E-Mini Just Today
Submitted by Tyler Durden on 04/22/2015 17:53 -0500Dear CFTC:
Just because we know how serious you are in your quest to root out all market rigging, or as you put it in your charge against Navinder Sarao "manipulation or attempt to manipulate the price of the intra-day contract price for the near month of the E-mini S&P," we have decided together with Nanex to once again give you a helping hand, and point out all the spoofing that has taken place in the E-mini or ES. Just today
Spot The Hockey-Stick
Submitted by Tyler Durden on 04/22/2015 17:35 -0500Do you believe in miracles? Sell-side economists do... (again)
"China Has A Massive Debt Problem", And Why It Is About Get Much Massiver
Submitted by Tyler Durden on 04/22/2015 17:10 -0500"China has a $28 trillion problem. That’s the country’s total government, corporate and household debt load as of mid-2014... equal to 282 percent of the country’s total annual economic output," Bloomberg notes, adding that efforts to deleverage this massive debt burden aren't compatible with the measures Beijing needs to take to boost economic growth. But if you thought the debt problem was bad now, it's going to get worse because as Reuters notes, China is about to activate the ABS machine.
Political Partisanship Has Never Been Higher (Why It's Getting Worse)
Submitted by Tyler Durden on 04/22/2015 16:45 -0500While it has been widely reported that partisanship in the United States Congress is at an historic high, a new study finds that despite short-term fluctuations, partisanship or non-cooperation in the U.S. Congress has been increasing exponentially for over 60 years with no sign of abating or reversing.


