Archive - Sep 2015
September 29th
Peak Japaganda: Advisers Call For More QE (But Admit Failure Of QE); China's Yuan Hits 3-Week High
Submitted by Tyler Durden on 09/29/2015 20:23 -0500Asian markets are bouncing modestly off a weak US session, buoyed by more unbelievable propaganda from Japan. Abe's proclamations that "deflationary mindset" has been shrugged off was met with calls for more stimulus, more debt monetization, and an admission by Etsuro Honda (Abe's closest adviser) that Japan "is not growing positively" and more QE is required despite trillions of Yen in money-printing having failed miserably, warning that raising taxes to pay for extra budget "would be suicidal." Japanese data was a disaster with factory output unexpectedly dropping 0.5% and retail trade missing. Markets are relatively stable at the open as China margin debt drop sto a 9-month low. PBOC strengthened the Yuan fix for the 3rd day in a row to its strongest in 3 weeks.
Forget Glencore: This Is The Real "Systemic Risk" Among The Commodity Traders
Submitted by Tyler Durden on 09/29/2015 19:43 -0500
Gold: "The More Ridiculous The System Gets, The More Valuable It Becomes"
Submitted by Tyler Durden on 09/29/2015 19:40 -0500This system is pure insanity, as are its prices... it wouldn’t bother us if the price of gold went negative, just like propane in Alberta (after all, we're not trading paper currency for gold, just to trade it back for more paper currency if the 'price' goes up). The idea behind buying gold is to swap paper money for something real. Banks can rig its 'price' all they want; gold’s true value comes from its function as a long-term form of savings and a hedge against a broken financial system. And the more ridiculous the system gets, the more valuable it becomes.
Saudi Prince Calls For Royal Coup
Submitted by Tyler Durden on 09/29/2015 19:05 -0500“The king is not in a stable condition and in reality the son of the king [Mohammed bin Salman] is ruling the kingdom,” the prince said. “So four or possibly five of my uncles will meet soon to discuss the letters. They are making a plan with a lot of nephews and that will open the door. A lot of the second generation is very anxious.”
Carl Icahn Says Market "Way Overpriced", Warns "God Knows Where This Is Going"
Submitted by Tyler Durden on 09/29/2015 19:04 -0500"They don't understand the treacherous path they are going down. God knows where this is going. It's very dangerous and could be disastrous."
The UN Just Unleashed "The Global Goals" - The Elites' Blueprint For A "United World"
Submitted by Tyler Durden on 09/29/2015 18:30 -0500The elite want a one world government, a one world economic system and a one world religion. But they are not going to achieve these things by conquest. Rather, they want everyone to sign up for these new systems willingly. The “global goals” are a template for a united world. To many, the “utopia” that the elite are promising sounds quite promising, many of the "global goals" sound quite good. The key is to look behind the language and understand what is really being said. And what is really being said is that the elite want to take their dream of a one world system to the next level.
Two Very Disturbing Forecasts By A Former Chinese Central Banker
Submitted by Tyler Durden on 09/29/2015 17:53 -0500
Sep 30 - Fed's Mester: US Can Handle Rate Hike This Year
Submitted by Pivotfarm on 09/29/2015 17:52 -0500News That Matters
BofA Issues Dramatic Junk Bond Meltdown Warning: This "Train Wreck Is Accelerating"
Submitted by Tyler Durden on 09/29/2015 17:45 -0500This Is "Getting Really Ugly, Really Fast": Two Thirds Of Recent Graduates Say US College Education Is A Ripoff
Submitted by Tyler Durden on 09/29/2015 17:20 -0500"When you look at recent graduates with student loans it gets really ugly, really fast. If alumni don’t feel they’re getting their money’s worth, we risk this tidal wave of demand for higher education crashing down."
The Stunning "Explanation" An Insurance Company Just Used To Boost Health Premiums By 60%
Submitted by Tyler Durden on 09/29/2015 17:19 -0500"With advances in medical technology, prescription drugs and ways to treat injuries and illnesses, Americans are living healthier lives. [i.e., living longer] Because of these changes, we must adjust your premium to stay in line with increased costs."
Low Oil Prices - Why Worry?
Submitted by Tyler Durden on 09/29/2015 16:45 -0500Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked about high oil prices. Thus, low oil prices are viewed as an all around benefit. In fact, nothing could be further from the truth...
EM Credit Risk Blows Out Dramatically Amid FX Bloodbath, Fed Fears, Political Risk
Submitted by Tyler Durden on 09/29/2015 16:15 -0500In the wake of the global commodities rout which recently saw prices touch their lowest levels of the 21st century, there’s been no shortage of commentary (here or otherwise) on the pain that’s been inflicted on commodity currencies and by extension, on EM. As it stands, the world’s emerging economies face a kind of perfect storm triggered by a combination of the following factors: falling commodity prices, depressed Chinese demand, and the threat of an imminent Fed hike. With the situation deteriorating virtually by the day, we thought it an opportune time to highlight the spike in EM credit risk...
Why The Fed Can't Stop The Next Market Crash
Submitted by Tyler Durden on 09/29/2015 15:45 -0500Crude Tumbles After API Reports Surprisingly Large Inventory Build
Submitted by Tyler Durden on 09/29/2015 15:36 -0500After 2 weeks of solid drawdowns, API reports a huge 4.6 million barrel inventory build last week - the 2nd biggest weekly build in over 5 months. Crude prices are dropping on the news...




