Archive

February 9th, 2016

Tyler Durden's picture

Sweden Arrests 14 For Plotting To Attack Migrant House With Axes, Iron Pipes





On Tuesday, in the latest sign that Swedes are becoming increasingly fed up with their government’s policy on refugees, more than a dozen people were arrested for planning an attack on an asylum center. Apparently, the men were plotting to use “axes, knives, and iron pipes” against a refugee shelter in Nynashamn, which is located some 60 kilometres (37 miles) south of Stockholm.

 

EconMatters's picture

Platinum and Palladium Analysis (Video)





We look at Platinum and Palladium metals from the technical side in this video.

 

Tyler Durden's picture

As Goldman Risk Explodes, President Says "No One Should Question Viability Of US Banks"





You know it's serious when the denials begin. Speaking in a Bloomberg TV interview, Goldman Sachs President Gary Cohn explained how "US banks took their medicine early," adding that "some European banks have been slow getting recapitalized." Having thrown his 'competitors' across the ocean under the bus, Cohn then unleashed his comments with regard Goldman's own spiking credit risk - demanding that "no one should question the viability of US banks."

 

Tyler Durden's picture

Falling Oil Prices Not The Reason For America's Economic Woes





While falling oil prices sound like a plausible explanation for the abysmal financial numbers, anyone with a modicum of economic sense (which excludes much of the financial Establishment) can see that it is merely a smokescreen to obfuscate the real culprit.

 

Tyler Durden's picture

What's Dragging Down European Banks: Oil And Commodity Exposure As High As 160% Of Tangible Book





As oil stays "lower for longer", and as many more European banks are forced to first reserve and then charge off their existing oil and gas exposure, expect much more diluation. Which, incidentlaly also explains why European bank stocks have been plunging since the beginning of the year as existing equity investors dump ahead of inevitable capital raises.

 

Tyler Durden's picture

S&P Downgrades Banks With Highest Energy Exposure; Expects "Sharp Increase" In Non-Performing Assets





Moments ago S&P continued its downgrade cycle, this time taking the axe to the regional banks with the highest energy exposure due to "expectations for higher loan losses." Specifically, its lowered its long-term issuer credit ratings on four U.S. regional banks by one notch: BOK Financial Corp., Comerica Inc., Cullen/Frost  Bankers Inc., and Texas Capital Bancshares. The  outlooks on these banks are negative.

 

Tyler Durden's picture

What The Charts Say: "Complacent" Bulls Remain As S&P Support Under Pressure





"Sell into strength" remains BofAML's tactical advice in US equities, especially as several indicators have dropped back toward the more complacent levels that coincided with previous S&P 500 highs. As Suttmeier concludes, "we still are not ruling out a cyclical correction within the larger secular bull market with risk toward 1600-1575."

 

Tyler Durden's picture

Crude Confused After API Reports Across-The-Board Inventory Builds





WTI crude had tanked into the NYMEX close (by the most in 5 months) but managed to get back above $28 before fading into inventory data. Against expectations of a 3.6mm build, API reported a 2.4mm barrel crude build (the 5th weekly build in a row). Even more critically, API reported a 3.1mm Gasoline build (notably above the expected +400k build) and Cushing saw a 2nd weekly build of 715k. WTI ignored it initially but then decided to rally modestly before fading to unch.

 

Tyler Durden's picture

The Return Of Crisis





Let me be blunt: this next crash will be far worse and more dramatic than any that has come before. Literally, the world has never seen anything like the situation we collectively find ourselves in today. The so-called Great Depression happened for purely monetary reasons. Before, during and after the Great Depression, abundant resources, spare capacity and willing workers existed in sufficient quantities to get things moving along smartly again once the financial system had been reset. This time there’s something different in the story line...

 

Tyler Durden's picture

Anadarko Slashes Dividend By Over 80%





The Board of Directors of Anadarko Petroleum Corporation (APC) today declared a quarterly cash dividend on the company's common stock of 5 cents per share, payable March 23, 2016, to stockholders of record at the close of business on March 9, 2016. The quarterly dividend represents a 22-cent reduction from the prior level of 27 cents per share.

 

Tyler Durden's picture

Goldman Capitulates: Closes Out 5 Of Its 6 Top Trades For 2016 With A Loss





Just 40 full days into 2016, not only has Goldman been closed out on its Top Trade for 2016, namely being long the USD vs both the Yen and the Euro, but virtually all of its other trades: according to a just released update, Goldman has just been stopped out - with a loss - on 5 of its 6 top trades for 2016.

 

Tyler Durden's picture

WTI Crashes To $27 Handle As US Energy Credit Risk Spikes Above 1500bps To Record Highs





BTFD? Because nothing says stability like record high credit risk...

 

williambanzai7's picture

QUeeR BY BeN...





QE Wear? That too!

 
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