Archive

March 29th, 2015

Tyler Durden's picture

What Bond Investors Are Most Concerned About





- “Bubbles in credit” has jumped as the biggest concern (30%), having been third on the list in January’s survey,
- “Supply” has risen to be the second biggest concern (19%),
- “Geopolitical conflict” is the third biggest concern (14%), but this is down from being the top concern in January’s survey,
- "Deflation in Europe" (the second biggest concern two months ago), is now down in 7th place (just 3%).

 

Tyler Durden's picture

Complacency Reigns Supreme - "Nothing Can Possibly Go Wrong", Right





No wonder complacency reigns supreme: any time the stock market tumbles by more than 3%, a Federal Reserve flack runs to a microphone and starts talking about how the Fed stands ready to launch QE4 or "whatever it takes" to push stocks back into rally mode.   For context, recall that both VIX and VXX tend to reach 40 in real moments of panic/fear. That the VXX "soaring" 2 points from 24 to 26 now qualifies as an extreme of fear is absurd. Yet this is the logical result of central banks constantly "saving" equities every time they swoon the slightest bit: traders and punters know that the Fed making reassuring sounds is all that's needed to reverse any decline and restart the Bull advance.

 

williambanzai7's picture

BiG DouCHe SPoTTeD...





Another myth explained...

 

Cognitive Dissonance's picture

The Death of Hope and Belief





Do our childish minds really think those whom we blindly empower will scurry away like cockroaches exposed by the refrigerator light and leave us be after the fall? Really? Are we serious?

 

March 28th

Tyler Durden's picture

Kyle Bass Warns "The Fed Is Backed Into A Corner... Equities Are My Biggest Liquidity Worry"





"How many rich people do you know today that are poorer than they were at the peak in 06/07 (apart from Dick Fuld), I don't think I know any.. QE has been distributive to the rich... but now that the world has started this policy it is unable to end it... the next recession will be a hard one because the tools in the toolbox are not there to avert a severe downturn... where are the liquidity worries at the moment? Equities would be the toughest to exit.. it's like a 5-lane highway going in and goat trail coming out... Brazil is great example"

 

Tyler Durden's picture

Finally The "Very Serious People" Get It: QE Will "Permanently Impair Living Standards For Generations To Come"





"In the long run classical economics would tell us that the pricing distortions created by the current global regimes of QE will lead to a suboptimal allocation of capital and investment, which will result in lower output and lower standards of living over time. In fact, although U.S. equity prices are setting record highs, real median household incomes are 9 percent lower than 1999 highs. The report from Bank of America Merrill Lynch plainly supports the conclusion that QE and the associated currency depreciation is not leading to higher global output. The cost of QE is greater than the income lost to savers and investors. The long-term consequence of the new monetary orthodoxy is likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity."

 

Tyler Durden's picture

Guest Post: The Only Truly Compliant, Submissive Citizen In A Police State Is A Dead One





This is the death rattle of the American dream, which was built on the idea that no one is above the law, that our rights are inalienable and cannot be taken away, and that our government and its appointed agents exist to serve us.

 

Tyler Durden's picture

A Tale Of Two Streets: Main Street Lagging, Wall Street Booming





At the end of the day there is a considerable irony. The Fed has now become the tool of liberal Keynesian do-gooders - exemplified by the school marm who heads it. But its policies are exclusively benefiting Wall Street and the top 1%. They are redistributing income and wealth to the top, not the bottom of society as liberals have always claimed. Needless to say, main street does not need that kind of “help”. And it would do far better on its own hind legs if the monetary politburo joined its Soviet colleagues in the afterlife of mistaken ideologies.

 

Tyler Durden's picture

How Do The Greeks Really Feel?





With speculation growing of a Greek pivot from The Twilight Zone to The Eurasian Zone, the following somewhat mind-numbing chart tells you all you need to know about how The Greek people feel...

 

Tyler Durden's picture

California Democrat Predicts Surge In Hookers, Blames "Global Warming"





Ripped from the pages of The Onion, this is not. California Democrat Barbara Lee proposed a resolution in the House of Representatives that claims women will eventually be forced into prostitution since they face "disproportionately harmful impacts from climate change." So, first 'we' blame weakness in economic growth on excess cold, and now excess global warmth - according to Lee's House Concurrent Resolution 29 - will drive women to "sex work, transactional sex, and early marriage."

 

Tyler Durden's picture

"We're Just One Archduke Away..."





Metaphorically "not" winning...

 

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