Archive

November 27th, 2014

Cognitive Dissonance's picture

Guest Post - Amps Times Volts Equals Watts





Watt will you do when the well runs dry?

 

Tyler Durden's picture

False Confidence Rising In The US





A recent article argues that the increasing demand for consumer credit is an indicator of increasing consumer confidence. The argument seems reasonable due to the way it is presented--there is an entirely different conclusion one would draw were the argument presented differently.

 

GoldCore's picture

Swiss Yes Vote Possible - First “Gold Rush” Of 21st Century?





In the case of a "yes" vote, gold prices are likely to surge. Analysts do not believe a yes vote is possible. However, analysts have got the mood of the people wrong in many referendums both in Switzerland and throughout Europe in recent years.

 

Tyler Durden's picture

The Absurdity Of European Sovereign QE In 1 'Tres Stupide' Chart





Because buying bonds and lowering interest rates will do what exactly...

 

Tyler Durden's picture

Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?





Are you in better shape financially than you were last Thanksgiving?  If so, you should consider yourself to be very fortunate because most Americans are not.  As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions of Americans that simply cannot afford to eat such a meal.  According to a shocking new report that was just released by the National Center on Family Homelessness, the number of homeless children in the U.S. has reached a new all-time high of 2.5 million.  And right now one out of every seven Americans rely on food banks to put food on the table.  Yes, life is very good at the moment for Americans at the top end of the income spectrum.  The stock market has been soaring and sales of homes worth at last a million dollars are up 16 percent so far this year.  But most Americans live in a very different world.

 

Tyler Durden's picture

The Sellside Chimes In On The Crude Crush: "This Will Reverberate For Years"





Goldman: "US production growth will slow... would not be sustainable beyond a few months"

SocGen: OPEC decision is "unambiguously bearish... market to do the job of throttling U.S. shale oil growth."

 

Tyler Durden's picture

Russia Ruble Plunges To New Record Low After OPEC Decision





Spot the difference...

 

Tyler Durden's picture

Stuck In Reverse And Descending Into Trauma





While the media continue to just about exclusively paint a picture of recovery and an improving economy, certainly in the US – Europe and Japan it’s harder to get away with that rosy image -, in ordinary people’s reality a completely different picture is being painted in sweat, blood, agony and despair. Whatever part of the recovery mirage may have a grain of reality in it, it is paid for by something being taken away from people leading real lives.

 

Tyler Durden's picture

WTI Crude Crashes Below $70 For First Time Since June 2010





Houston, we have a problem...

 

Tyler Durden's picture

OPEC Decision Is "Major Strike Against The American Market", Russian Tycoon Says





As we warned yesterday, the last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. OPEC's decision not to cut production, and Nigeria's comments on the need for burden-sharing among non-OPEC members, ensures a crash in the US shale industry according to Leonid Fedun (Russia's Lukoil board member). The Russian finance minister's comments that oil at $80 in coming years is moderately optimistic and as Fedun ominously warns, this is a "major strike against the American market." Isolated, much?

 

Tyler Durden's picture

Oil Prices Collapse After OPEC Keeps Oil Production Unchanged - Live Conference Feed





But, but, but... all the clever talking heads said they wil have to cut...

*OPEC KEEPS OIL PRODUCTION TARGET UNCHANGED AT 30M B/D: DELEGATE

WTI ($70 handle) and Brent Crude (under $75 for first time sicne Sept 2010) are collapsing... as will US Shale oil company stocks and bonds (and thus all of high yield credit) tomorrow. The Saudis are "very happy" with the decision, Venzuela 'stormed out, red faced, furious.' Commentary from various OPEC members appears focused on the need for non-OPEC (cough US Shale cough) nations to "share the burden" and cut production (just as the Saudis warned yesterday).

 

Tyler Durden's picture

NATO To Deploy Tanks In Eastern Europe Shortly After VP Of Europarliament Says Ukraine-Russia War Imminent





Just when global financial markets had shrugged off Ukraine as yet another 'storm in a teacup', it appears events are escalating rapidly once again. This morning saw European Parliament's Vice President Saryusz-Wolski warn "Russia's pressure on Ukraine is mounting high, further war imminent," to which Ukraine's President Poroshenko rapidly responded (via Twitter) rather ominously that a "third world war does not scare us," having noted earlier than Ukraine needs to achieve NATO membership. This then prompted NATO's top military commander to warn, he is "very concerned" that Russia's military build-up in the annexed Crimean region could be used as a launchpad for attacks across the whole Black Sea region; leaving the alliance confirming that NATO plans to deploy tanks in Eastern Europe.

 

Tyler Durden's picture

Oil Slumps To 4 Year Low Ahead Of OPEC, Eurozone Yields New Record Lows: Summary Of Overnight Events





While the US takes the day off after another near-record low volume surge to a new all time high in the S&P500, a level which is now just 125 points away from Goldman's year end target for 2016, the rest of the world will be patiently awaiting to see if oil's next step, as a result of today's OPEC meeting will be to $60 or to $100. For now at least the answer is the former (see more here from the WSJ), with Brent recently touching a fresh 4 year low in the mid-$75s, as WTI doesn't fare much better and was down 2% at last check to $72.20 after touching a low of $71.89. It appears the prepared remarks by the OPEC president to the 166th conference have not eased fears that despite all the rhetoric OPEC will be unable to get all sides on the same story, even though the speech notes "ample supply, moderate demand and warns that "if falling price trend continues, “long-term sustainability of capacity expansion plans and investment projects may be put at risk."

 

November 26th

Tyler Durden's picture

Guest Post: Did They Want More Violence In Ferguson? 10 'Coincidences' Too Glaring To Ignore





Was it a conspiracy or was it incompetence?  Those appear to be the only two alternatives that we are left with after this week's violent protests arcoss the country...

 
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