Archive - 2015

December 28th

Tyler Durden's picture

Even The Big Banks Now Admit It: "This Is How The Fed's 'Massive Manipulation' Broke The Market"





"Essentially central banks, by unfairly inflating asset prices have compressed risk like a spring to unfairly tight levels. Unfortunately, the market is 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 manipulating markets they have also reduced investors’ inherent conviction by rendering fundamentals less relevant."

 

Tyler Durden's picture

New Gun Control Bill Hits Congress: "To Ensure That The Right To Keep And Bear Arms Is NOT Unlimited"





While Americans anxiously prepared for their Christmas festivities, anti gun proponents in Congress were hard at work drafting a new bill. If passed H.R. 4269 would literally redefine the Second Amendment as evidenced by the bill’s description, which in no uncertain terms clarifies its ultimate goal: “To regulate assault weapons, to ensure that the right to keep and bear arms is not unlimited, and for other purposes.”

 

Tyler Durden's picture

Did China Just Clear The Way For A Mid-East Intervention With Passage Of New Anti-Terror Law?





Apparently, China has finally gotten wise to what the West has known since at least 9/11: namely that you can always justify the state's nasty habits by claiming authorities require new powers to fight "terror." The NPC passed new legislation on Sunday that, in addition to granting Beijing new surveillance powers, also legalizes the PLA's deployment overseas to conduct anti-terror ops.

 

williambanzai7's picture

SPiNNiNG THe NeW ISiS NaRRaTiVe...





Heavy duty...

 

Tyler Durden's picture

US Economy - A Year-End Overview





It becomes ever more tempting to conclude that the timing of the Fed’s rate hike was really quite odd, even from the perspective of the planners...

 

Phoenix Capital Research's picture

The Fed's Academic-Based Theories Are Creating a BRUTAL Economic Reality





This is what happens when the Fed’s academic-based nonsense collides with economic realities: perversions of capital that lead to massive bubbles and eventually even more massive crises.

 

Tyler Durden's picture

Treasury Curve Crashes To 9-Month Lows, S&P Slumps Into Red For 2015





Who could have seen that coming?

 

Tyler Durden's picture

Dallas Fed Survey Crashes To June 2009 Lows, Warns "It Is Getting Ugly"





After a Q1 collapse, the Dallas Fed Manufacturing Outlook managed a bounce for a few months (though never got back above zero). It appears, Dallas Fed's aptly-named 'Dick' Fischer was entirely wrong when he progonosticated that "on net, low oil prices are good for Texas." December's Dallas Fed print crashed to -20.1 (from -4.9) massively missing expectations of -7.0 and back at the lows not seen since June 2009.

 

Tyler Durden's picture

Oil May Drop Under $20 In The Short-Term, But What Is Its Price Floor?





The sustainable floor price for oil is a Brent price in the range of $30-35/bbl. Oil prices could temporarily fall below that level; however, companies would begin to shut-in production as variable production costs would exceed cash flow for some projects

 

Tyler Durden's picture

Honey, I Shrunk The Middle Class: Less Than One Third Of Households Qualify





If it takes more than $126,000 to fund a qualitatively defined middle class lifestyle, what sense does it even make to call this "middle"?

 

Tyler Durden's picture

More Bad News For Oil: Saudis Are Handling Crude Crash Better Than Expected





Saudi Arabia has released its official budget numbers for 2015 as well as projections for next year. As it turns out, Riyadh is weathering the storm better than analysts expected, meaning the war of attrition with US producers is likely to continue for the foreseeable future, meaning "lower for longer" oil prices and even more shale defaults in the future.

 

Tyler Durden's picture

Obamacare Is Sucking Up To 10% Of Americans' Incomes





The latest dilemma facing economists is why "unequivocally good" low oil prices haven't sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times - soaring costs for 'shelter' and healthcare have hoovered up every penny saved (and more); and now, a new study proves it- exposing the reality that many Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).

 

Tyler Durden's picture

WTI Plunges Back Under $37 (Below Brent); Drags Stocks Into Red For 2015





While everything was awesome last week (apart from the last 10 minutes), it appears lower oil prices this week (WTI just crossed back below Brent's price and under $37 once again) is not "unequivocally good" for US equity markets. Following the bloodbath in China's "B" Shares overnight, traders are hoping this pain will stop once the machines "get back to work" at 930ET...

 

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