• Bruce Krasting
    12/18/2014 - 21:42
      The one thing that Jordan can't do in this war is appear to be weak.
  • Capitalist Exploits
    12/18/2014 - 19:25
    The oil price drop is a big problem - not just for Russia, or for the other over-levered emerging market currencies that stand to be traumatized by a rising dollar, but ultimately even for the US...

Archive

December 18th, 2014

Tyler Durden's picture

America's Most (And Least) Obese Jobs





As employers shift to more proactive efforts to help their workforces "put the Twinkie down," we thought a look at the most (and least) obese jobs in America would provide additional data on potential career paths for today's disenfranchised youth. What The Wall Street Journal found in their data is perhaps surprising with 'sedentary' scientists and economists are the least obese, and 'active' firefighters and cops are the most obese...

 

Tyler Durden's picture

Someone Is Lying





 

Tyler Durden's picture

The Fed & "The Grandest Con Job In The History Of The World"





"I just get annoyed with the ridiculous foolishness of people.  We’ve got to start using our own brains.  The Fed stopped using any benchmarks because while the benchmarks were improving, the economy wasn’t and isn’t.  And so they were being railroaded by the transparency that benchmarks provide.  And now it is just a black box of various indicators that will be analyzed in real time to form justifiable actions, far too complex for you and I but trust them that there is a definite method and it’s very quantifiable at that, they just can’t tell us what it is because it would just confuse everyone. Does anyone really not get it?? What is happening is the grandest con job in the history of the world."

 

Tyler Durden's picture

Massive Volume "Panic Selling" Cuts Warren Buffett's Chinese Car Maker BYD In Half Overnight





For the second time in 2 days, a Chinese car maker's stock has been utterly devastated overnight - on absolutely no news. Shares in BYD - the Chinese electric car maker part-owned by Warren Buffett - crashed 47% in a bout of total panic selling (before recovering modestly), just a day after Geely - another car maker - crashed 22% on an earnings warning. The reason - perhaps unsurprising - given by some is worries over Mainland China IPOs "caused a liquidity squeeze," as the recent rally in mainland shares is led by leverage financing leading to major margin-calls on modest drops. Is it any wonder the PBOC is trying to tamp down the speculation.

 

Tyler Durden's picture

The "Unequivocally 'Not' Good" Reality Of Lower Oil Prices & Jobs





The drop in oil prices is certain to cause some incremental unemployment in the U.S. energy industry; the question is simply how much and what that means for the American economy as a whole.

 

Tyler Durden's picture

Panic-Buying Ends Abruptly As Credit & Crude Crumble





500 Dow points (and 80 S&P points) later... and suddenly the exuberant short squeeze ends (as AUDJPY runs out of steam). WTI Crude has crashed back to $55.50 after testing $59. The Energy ETF XLE has given up all its gains (who could have seen that coming?). And HY credit markets have slumped from the US open with stocks now catching down...

 

Tyler Durden's picture

Emerging Markets In Danger





There are some signs of trouble in emerging markets. And the money at risk now is bigger than ever.

 

rcwhalen's picture

Outlook 2015: Deflation Remains the Dominant Theme





Deflation and the attendant risks caused by a sudden revelation about hidden debts will remain the chief concern for investors and policy makers in 2015

 

Michael Victory's picture

SilverPorn: The Many Phases of Ag





from Artemis to Halides.

 

Tyler Durden's picture

Just 3 Energy Charts





Because "fun-durr-mentals." Oil prices are now lower on the day, and significantly off the highs...but energy stocks are surging. While energy credit spreads are tighter, the move in energy stocks is exuberant to say the least.

 

Tyler Durden's picture

Crude Prices Pump-And-Dump After Saudi "Temporary Problem" Comments





Crude prices surged from $56.50 to $59 after Saudi Oil Minister al-Naimi comments that, as Bloomberg reports, the global oil markets are experiencing "temporary" instability caused mainly by a slowdown in the world economy, sabre-rattling that increased supply from regions outside OPEC (cough US cough), where oil-production costs are higher, is affecting the market. However, between his comments on no production cuts (and rising exports) and the UAE Oil Minister then confirming OPEC will not change output levels and has no intention of holding an emergency OPEC meeting, crude prices have plunged back down below $57. Energy stocks don't care though...

 

Tyler Durden's picture

Philly Fed Crashes From 21-Year High; Employment, New Orders Collapse





What a farce. After printing 40.8 in November - a 21 year high - Philly Fed collapsed back to 24.5 (missing expectations of 26.0). New Orders, employment (lowest since April), and the workweek plunged as The Philly Fed notes the survey suggests a slower pace of expansion of the region’s manufacturing sector. Despite plunging oil prices, the prices paid index only fell modestly... on the heels of the PMIs, it appears the "US economy is awesome" meme is coming unglued rapidly.

 

Phoenix Capital Research's picture

The Stuff Is Already Hitting the Fan in the Currency Markets





The financial media is euphoric because stocks are rallying. But stocks are ALWAYS the last to “GET IT.” The currency markets (which trade $5 trillion per day) realize that something MASSIVE is underway. And it’s only just beginning.

 

Tyler Durden's picture

"Q4 GDP Below 2%, December Payrolls Under 200,000" Markit Warns As Service PMI Crashes To 10-Month Low





"Another bumper month of non-farm payroll growth looks unlikely in December, with private sector payroll growth unlikely to breach the 200,000 mark," warns Markit after The US Services PMI plunged to 53.6, missing expectations of 56.3 by the most on record. This is the 6th straight month of declines. Job creation slumped to 8-month lows. The Composite (Services & Manufacturing) PMI plunged to its lowest level since October 2013. Still exuberant? Still hopeful? Here's Markit's summary, "A sharp slowing in service sector activity alongside a similar easing in the manufacturing sector takes the overall rate of economic expansion down to the weakest since October 2013. The extent of the slowdown suggests that economic growth in the fourth quarter could come in below 2%"

 

 

Tyler Durden's picture

Swiss Central Bank Plunges Into NIRP, Sends Deposit Rates Negative, Scrambles Against Safe-Haven Capital Flight





Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks, when it revealed a negative, -0.25% interest rate on sight deposits: a step which according to the SNB was critical in maintaining the 1.20 EURCHF floor.

 
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