• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Archive

February 5th, 2016

Tyler Durden's picture

The Chart Of Doom: When Private Credit Stops Expanding...





Three out of the five major economies are already experiencing stagnant or negative private credit growth. Three down, two to go. Helicopter money--government issued "free money" to households--is no replacement for private credit expansion.

 

Tyler Durden's picture

President Obama Explains How Surging Bartender Jobs Are Unequivocally Good - Live Feed





Following Jason Furman's "Baghdad Bob" appearance on CNBC this morning, it is President Obama's turn to gloat over the awesomeness of a 4.9% unemployment rate (never mind the fact that the gains during his presidency have gone to low-paying jobs). A job is a job after all... right?

 

Tyler Durden's picture

German Spy Chief Says ISIS Operatives Have Infiltrated Europe Disguised As Refugees





A day after German authorities arrested three men in connection with a planned terrorist attack on Berlin, Germany's intelligence chief warns that ISIS fighters are hiding among the 1.1 million refugees the country took in 2015. "We have repeatedly seen that terrorists have slipped in camouflaged or disguised as refugees," he says. “This is a fact that the security agencies are facing.”

 

Tyler Durden's picture

Even With the Market Rolling Over, This Is What Bears Are Worried About





With faith in "growth" faltering and the momo leaders rolling over, there are still worries for the bears in the intermediate term...

 

Tyler Durden's picture

An Update On The Waiter And Bartender Recovery





Since the US manufacturing sector is unofficially in a recession, and since the US service sector is allegedly growing like gangbusters, we are updating our favorite chart showing the bifurcation in the New Abnormal US economy: the job gains by U.S. manufacturing workers on one hand, and by waiters and bartenders on the other.

 

Tyler Durden's picture

New Poll Shows Clinton, Sanders Tied - Hillary's Lead Evaporates In 6 Weeks





People are starting to get it. They understand the system has morphed into a rigged fraud, and they understand that Sanders really, desperately wants to change it.

 

Tyler Durden's picture

Amazon Crashes To 4 Month Lows, Breaks Key Technical Support As "Growth" Fails





It appears the growth-value divergence is collapsing...

 

Tyler Durden's picture

All Job Gains Since December 2007 Have Gone To Foreign-Born Workers





Starting with the infamous month when it all started falling apart, December 2007, the US has added just 186,000 native-born workers, offset by 13.5x times more, or 2,518,000, foreign born workers.

 

Tyler Durden's picture

Anti-Goldilocks Jobs Data Sends S&P Back Into Correction





Not warm enough to support growth guesses and not cold enough to keep The Fed on the sidelines... stocks are not amused by today's "great" or "terrible" jobs data and the S&P 500 is back below 1900, down over 10% from record highs...

 

Tyler Durden's picture

Will Non-OPEC Oil Production Collapse In 2016?





The recent surge in world production that was brought about by high prices was a USA and Canadian phenomenon only.

 

Tyler Durden's picture

LinkedIn Collapses Below IPO-Day Highs





Well that escalated quickly...

 

Tyler Durden's picture

70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers





According to the BLS' breakdown of jobs added in January of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January.  In other words, 70% of the job gains in January went to minimum wage workers.

 

Tyler Durden's picture

Dear BLS, Explain This





Factory orders are collapsing. Inventories are at recession cycle highs. Manufacturing ISM and PMIs are plunging... so Dear BLS, please explain the following chart?

 

Tyler Durden's picture

Hilsenrath's Take: March Rate Hike In Limbo, But "Fed Was Expecting A Slowdown"





Just days after Fed whisperer Goldman Sachs made its first (of many) revisions to its Fed rate hike schedule, and no longer expects a March rate hike (if still somehow seeing 3 rate hikes in 2016), moments ago Fed mouthpiece Jon Hilsenrath reiterated the Fed's latest favorite catchphrase - that would be "watchfully waiting" for those who haven't paid attention - , and said that today's jobs report leave the Fed in limbo when it comes to the March rate hike decision. More importantly perhaps he adds that "Fed officials were expecting a slowdown." However, when one adds the 105,000 in prior month revisions, was is this big?

 

Tyler Durden's picture

Huge Crane Collapses In New York: 1 Person Killed, More Critically Injured - Live Feed





Emergency responders are on the scene of a reported crane collapse in lower Manhattan. As CBS reports, it happened  just before 8:30 a.m. on Worth Street near Church Street in TriBeca. There are reports of people possible trapped in cars. Fire officials said one person is dead and at least two others are hurt. “I just felt it. It felt like a bomb,” one witness said. “This is just crazy, it’s huge - it’s enormous.”

 
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