Archive

July 23rd, 2014

Tyler Durden's picture

IMF Cuts US GDP From 2.0% To 1.7% As US Retail Sales Forecast Slashed From 4.1% To 3.6%: Winter Blamed





This is what happens when a priced to perfection global economy (and well beyond perfection based on the S&P 500) runs into the utterly and completely unpredictable and unforseeable "harsh winter weather."

 

Tyler Durden's picture

Putin Recalls State Duma From Vacation, "Planning Something" On Ukraine Situation





In a somewhat disconcerting move, Russian President Vladimir Putin has recalled The State Duma from a planned vacation to participate in an unscheduled meeting because of the situation in eastern Ukraine. As Ukrinform reports, sources confirm "Something is being planned, because many deputies come, probably for a quorum." Rumors are spreading that Putin is set to issue Kiev an ultimatum over recognizing separatists or face military intervention.

 

Phoenix Capital Research's picture

Why a Single Bail-In For a Country Few Can Find On a Globe Matters to EVERYONE





The reality of what happened in Cyprus is a far different matter. And the reason that this reality has not been featured as headline news is because doing so would reveal the following:

 

Tyler Durden's picture

A Revolving Door Farce: CFTC Commissioner Bails To Head Regulator's Biggest Opponent





There is no better way to describe what the recently departed CFTC commissioner Scott O'Malia just did when he bailed from the commodity watchdog to become the new head of the International Swaps and Derivatives Association, aka ISDA, the biggest banking group that has constantly opposed every intervention and attempt to regulate the swaps market by the CFTC since the Lehman crisis, than an epic farce.

 

Tyler Durden's picture

Two-Thirds Of Chinese Consumers No Longer Trust Western Fast-Food As "Meat Scandal" Spreads Across Asia





As if the Chinese meat scandal was not a big enough concern for Western fast-food firms, The WSJ reports that the crisis is spreading across Asia as Yum Brands and McDonalds sever links with US-owned Shanghai Husi Food Company, which is accused of selling expired beef and chicken, pulling supplies of chicken from restaurants in Japan. Perhaps even more worrisome for American fast-food companies who have expanded aggressively and over-hyped the growth opportunities in China, a second Sina survey started yesterday, featuring 25,000 respondents, found 77% believed the restaurant brands affected had been aware of Husi’s faulty practices, while 69% said they would no longer dine at the restaurants run by the Western companies.

 

Tyler Durden's picture

"The West's Public Enemy Number One"





Newsweek's "triumphal" return to print with its expose on the wrong Satoshi Nakamoto (of "Bitcoin founder" fame) was less than, well, triumphal. So what is the eyeball starved media outlet seeking a second life to do? A screaming "grab me" epiphany of jingoist groupthink, in which we read that last week's events in Russia was "Putin's Lockerbie moment", should certainly help (and indeed it's very kind of Newsweek to have conducted all the forensic analysis and tests which confirm its magazine-selling allegations).

 

Tyler Durden's picture

This Is What A 8900% 1-Day Profit Looks Like





When the lottery tickets are scattered around like this (and mal-investment concerns at record-low levels), is it any wonder the world and his mum is buying Biotech stock options, what could go wrong?

 

williambanzai7's picture

THe PaTH To McJiHaD...





Enough to freighten a statist mule...

 

Tyler Durden's picture

When Twitter Word Order Goes Badly Wrong





 

Tyler Durden's picture

Want To Outperform The Market, Buy Illiquid Stocks (And Pray)





As part of Bernanke's and now Yellen's experiment in market central-planning, in which newsflow no longer matters to a market that has lost all ability to discount anything except how big a central bank's balance sheet will be and where HFT momentum is far more important than fundamentals, one of the greatest investing perversions to emerge has been our finding from two years ago since confirmed on a monthly basis, that the best performing asset classes happens to also be the most hated one, as the most shorted stocks have outperformed the market better than twofold just since 2012.

 

Tyler Durden's picture

51 Dead As TransAsia Flight Makes Forced Landing In South China Sea





A TransAsia Airways flight from Kaohsiung to Penghu made an forced landing in Taiwan, according to TVBS, leaving 51 dead and 7 injured. The crash occurred on Makung, one of Taiwan's offshore islands.

*TRANSASIA PLANE MADE EMERGNCY LANDING IN MAKUNG, TVBS SAYS
*51 DEAD, 7 INJURED IN TRANSASIA CRASH IN TAIWAN: TVBS

On the positive side, at least it wasn't Malaysian Airlines but it does make us wonder as a Taiwanese flight crashes over South China sea... how long until Taiwan accuses China of shooting it down?

 

Tyler Durden's picture

Rebels Shoot Down Two Ukraine Fighter Jets, Defense Ministry Reports - Video Coverage





At this point it is beyond any one (or countless number of) human beings to distinguish truth from lies from epic propaganda, so we won't even try. Here is the latest relevant news that just crossed the stream from Ukraine's defense ministry, according to which moments ago Pro-Russian rebels have shot down two Ukrainian fighter jets, a spokesman for Ukraine's military operations said on Wednesday. The spokesman said the two were downed near Savur Mogila in eastern Ukraine. No details were known about the pilots.

 

Tyler Durden's picture

Caption Contest: The Lifecycle Of An ISIS Fanatic





From life-saver to life-taker...

 

Tyler Durden's picture

An Annotated History of World Oil Price Shocks





A sharp increase in Middle East geopolitical tensions, first with the resurgence of a radical al-Qaeda affiliate – now called the Islamic State – making substantial territorial gains in major oil producer Iraq, and more recently with an escalating military conflict between Israel and Hamas, has barely caused a blip in global markets and even in oil prices despite the fact that oil supply today is tight. At the same time, the conflict between Ukraine and Russia – the largest oil producer globally – has reached a more dangerous level, also with little oil price response. Indeed, it is difficult to identify another point in recent history when the Middel East – for all its troubles – was in such a precarious state; yet, as Goldman, rather rhetorically asks, this raises the question of whether the markets are being too dismissive about the recent turn of events.

 

Tyler Durden's picture

Insolvent Chinese Construction Company Gets Last Minute Bailout, Avoids China's Second Bond Default





Those keeping track and hoping the second default would finally hit have to hold their breath again after yet another last minute bailout has now made a complete mockery of China's "deliberate" intentions to clear up the rot plaguing its bond market. As Reuters reports, Huatong avoided a "landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan ($64.51 million) bond." Who bailed it out? Why the same government which continues to say one thing and do something totally different.

 
Do NOT follow this link or you will be banned from the site!