Archive - Sep 2015 - Story
September 29th
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
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...
Carl Icahn Darling Chesapeake Energy Fires 15% Of Its Workforce
Submitted by Tyler Durden on 09/29/2015 15:30 -0500Remember when the commodity and gas plunge was supposed to be an "unambiguously good" tailwind for discretionary US spending, something which we warned over and over would never happen as the Obamacare "mandatory tax" surge pricing for healthcare insurance more than offset and discretionary savings? Moments ago another 825 or so soon to be formerly paid workers just found out the hard way just how clueless the vast majority of the punditry was when Chesapeake energy just announced it would terminate 15% of its workforce, or about 825 of its 5,500 most recent employees, as a result of the "current oil and natural gas prices."
Stocks' "Dead-Glencore-Bounce" Dies As Junk Bonds Hit 4-Year-Lows
Submitted by Tyler Durden on 09/29/2015 15:06 -0500The Anatomy Of A Retesting Of The Low
Submitted by Tyler Durden on 09/29/2015 14:25 -0500The S&P 500 is now only about 1% off Black Monday lows. Have the market internals deteriorated as much as the headline price index has?
With Shell's Failure, U.S. Arctic Drilling Is Dead
Submitted by Tyler Durden on 09/29/2015 13:45 -0500Arctic Drilling in the U.S. is dead. After more than eight years of planning and drilling, costing more than $7 billion, Royal Dutch Shell announced that it is shutting down its plans to drill for oil in the Arctic. The bombshell announcement dooms any chance of offshore oil development in the U.S. Arctic for years.





