Archive

February 9th, 2016

Tyler Durden's picture

"Jingle Mail" Makes Comeback In Canada As Underwater Borrowers Mail Keys Back To Banks





"People [are] saying that we can't make a go of it and mail the keys to the bank. In the big cities, not so much because the average sale prices haven't really dropped much, we haven't seen the pain yet. But Calgary is getting pretty tight."

 

Tyler Durden's picture

Carnage Continues - Japanese Stocks Crash (Again) As Australia Enters Bear Market





Another night, another utter bloodbath in AsiaPac. Japanese markets are plunging (NKY down 600 from US session close and NKY is down 2200 points from post-NIRP highs) along with USDJPY as Kuroda readies himself to face parliament (and Abe says he "trusts Governor Kuroda.") Once again banks leading the pain. Australia is also in trouble, after admissions of cooked data sent stocks lower pushing the ASX 200 into bear market territory.

 

Tyler Durden's picture

If It Looks Like A Recession, And Smells Like A Recession...





Then we must be "peddling fiction..."

 

Tyler Durden's picture

Deutsche Bank Is Scared: "What Needs To Be Done" In Its Own Words





"So back to the  original question WHAT NEEDS TO BE DONE. Simple?  Recognize the problem. It is not oil, it is not in the banks..it is a run on central bank liquidity, especially dollar based and there needs to be much more ($) liquidity.... Cash shd be charged interest -- put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving."

 

Tyler Durden's picture

America's Most Hated Man Martin Shkreli Sued Over Ol' Dirty Bastard Cartoons





Now, even the Wu-Tang Clan has become a liability for America's most hated biotech entrepreneur. “In a complaint filed on Tuesday in Manhattan federal court, Jason Koza said he never allowed his fan art depicting Wu-Tang members to be used in packaging for the hip-hop group's ‘Once Upon a Time in Shaolin,’ the sole copy of which Shkreli bought,” Reuters reports

 

Tyler Durden's picture

Nasdaq Volatility Spikes As "Exuberance Has Turned To Panic"





With the "generals" finally meeting their reality-maker, investors appear to be questioning the DotCom bubble-like highs as momentum collapses. "Exuberance has turned to panic pretty quickly," notes one asset manager and after a very rapid plunge in recent days, options traders are piling into protection at a pace not seen since Q4 2008.

 

Tyler Durden's picture

Australia Admits Recent Stellar Job Numbers Were Cooked





John Fraser, the nation’s top economic bureaucrat, told a parliamentary panel in Canberra Wednesday that he held discussions on the employment figures with the chief statistician this week. There were some “technical issues” in October and November that may have made the employment figures “look a little bit better than otherwise would be the case,” he said. The technical issues relate to “rolling off” of participants in the labor survey.

 

 

Tyler Durden's picture

If Knowledge Is Power, Is It Also Wealth?





New knowledge is always surprising, and it naturally disrupts "business as usual." So those earning money from business as usual must suppress the disruption arising from new knowledge to maintain their incomes/profits.

 

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.

 
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