November 25th, 2015

Tyler Durden's picture

Bank Of America Forecasts No Recession Until 2027 (If Ever), Sees S&P At 3,500 In 10 Years

According to Bank of America there sill be no recession until 2027, if ever, and the S&P will hit 3500 by 2025. Just one thing we would like to know: does Bank of America anticipate another bailout of Bank of America during this upcoming golden age a la 2008, or is that also impossible to predict.


Tyler Durden's picture

Let It Snow - California Drought Recovery Remains "Extremely Unlikely"

While so much hope is pinned on El Nino relieving California's drought in early 2016, climatologists suggest tempering that optimism a little as what is really needed is snow. "Since it has been dry for so long, people get excited,” says one hydrologist, but, as Bloomberg reports, without snow "the notion of fully recovering from the drought is extremely unlikely,” as if the storms come in as rain, or the mountain snow can’t pile up high enough, a lot of water will be lost.


Tyler Durden's picture

Pardoning The Wrong Turkey?

Gobble, gobble, gobble...


Tyler Durden's picture

Even The Rally In Large Caps Is Narrowing

The bull market in U.S. equities has narrowed over the past 6 months as strength has become concentrated in large cap stocks. Recently, strength has narrowed even among those large caps.


Tyler Durden's picture

Here Comes "QE For Metals" - China's Desperate Commodity Sector Demands A State Bailout

China's aluminum and nickel producers have asked Beijing to buy up surplus metal, sources said, the first coordinated effort since 2009 to revive prices suffering their worst rout since the global financial crisis. China Nonferrous Metals Industry Association had suggested that the state buys 900,000 tonnes of aluminum, 30,000 tonnes of refined nickel, 40 tonnes of indium, and 400,000 tonnes of zinc. Or, in other words, "QE for metals."


EconMatters's picture

Apple Stock is a 10 Year Short

Is Apple going to produce more electric vehicles ten years from now than BMW?


Tyler Durden's picture

"There Are No More Dollars In The Central Bank": Argentina's New President Confronts Liquidity Crisis

On Monday, Mauricio Macri, the son of Italian-born construction tycoon Francesco Macri, beat out Cristina Kirchner’s handpicked successor Daniel Scioli for Argentina’s presidency in what amounted to a referendum on 12 years of Peronist rule. Now, Macri faces a trio of daunting tasks: i) restore central bank liquidity, ii) implement a new FX regime, and iii) tackle the ballooning budget deficit. The most most pressing concern: the central bank is literally out of dollars. 


Tyler Durden's picture

How Illiquid Are Bond ETFs, Really? (Spoiler Alert: Very!)

"The dealer market has collapsed, and all that's left are investors trading the same few bonds back and forth, leaving pricing services guessing with bigger and bigger margins of error on the real value of illiquid debt. That's the real problem. And it's not one the SEC can fix by targeting 'transcendent liquidity' in ETFs."


Tyler Durden's picture

Drone Whistleblower: Pilots Often High on Drugs; Refer To Kids As "Fun Size Terrorists"

U.S. drone operators are inflicting heavy civilian casualties and have developed an institutional culture callous to the death of children and other innocents, four former operators said at a press briefing today in New York. “We have seen the abuse firsthand... and we are horrified.”


Tyler Durden's picture

Turkey Releases Alleged Recording Of Warning To Russian Pilot

“Unknown air traffic position onto Humeymim 020, redirect to 26 miles. This is Turkish Air Force speaking - en guard. You are approaching Turkish airspace. Change your heading south immediately."


Tyler Durden's picture

"We Reduced Our Short In The Euro" - Did Goldman Just Hint Draghi May Do Nothing Next Week

So if Draghi pulls a "Draghi" on December 3, and stuns the market by admitting he merely jawboned the ECB's "assured" easing to death, with the EUR now pricing in both a 15 bps rate cut and more QE, and thus making any actual by the ECB meaningless (and why should the ECB actually launch a bazooka round when jawboning is enough) you have been warned.


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