Archive

May 27th, 2015

Tyler Durden's picture

Low Wages & Unemployment Are An Existential Crisis For Millions





If millions of young Americans don't start earning more money, they can't afford to have children, or take care of them properly, and that is the end of us as a nation.

 

Tyler Durden's picture

Switzerland To Open Bitcoin Bank As Crypto "Fort Knox" Relocates To Zurich





Switzerland is set to open its first Bitcoin bank, multiple sources tell Handelszeitung. Meanwhile, Xapo, the self-appointed "Fort Knox" of the crypto currency world, is relocating from Silicon Valley to Zurich.

 

Tyler Durden's picture

Dip-Buyers Rescue Nasdaq Back Above Record Close





Mission Accomplished-er...

 

Tyler Durden's picture

Venezuela Solves Toilet Paper Shortage As Inflation Surpasses 100%





“You want to buy a car? There aren’t any. You want to buy an apartment? You can’t afford one. Basic products aren’t available,” he said. “The only refuge that people have is buying dollars, and because of that, the demand doesn’t stop.”

 

Tyler Durden's picture

QE4 Arrives: Mystery Drone Rains Money On People In Michigan, Cash-Grabbing Frenzy Ensues





We got a glimpse of just what Yellen has in mind for the next 'monetary transmission mechanism' yesterday, when a mystery drone appeared above the Rosa Parks Circle in Grand Rapids, Michigan and literally rained down money on the people below, leading to what the Mail describes as a "cash-grabbing frenzy."

 

Tyler Durden's picture

How Clinton Foundation Donations Led To Billions In Weapons Sales To Autocratic Regimes





Another day, another Clinton Foundation related scandal. In the latest expose by International Business Times’ David Sirota, we learn about the explosion in weapons sales to certain nations during Hillary Clinton’s tenure as Secretary of State. Billions of dollars in sales went to autocratic regimes notorious for human rights abuses who donated generously to the Clinton Foundation. Should we be surprised? No. Should we be outraged and disgusted? Absolutely. Of all the Clinton scandals, the following is the most dangerous to peace on earth.

 

Tyler Durden's picture

5 Year Bond Auction With Highest Yield For 2015 Leads To Strong Demand, Jump In Direct Bidders





A day after the 2 Year auction surprised with solid demand all around, moments ago the US Treasury issued $35 billion in 5 Year paper which also came stronger than some had expected, pricing at a yield of 1.56%, 0.6 bps through the 1.566% When Issued. Like in yesterday's auction, the yield was the highest of 2015. The Bid To Cover dipped modestly, dwon from 2.56 to 2.46, and in line with the 2.47 average.

 

Tyler Durden's picture

Obama Loses Immigration Battle As States Block Executive Order





On the heels of a tough Senate fight that initially saw Democrats oppose granting fast-track authority on trade deals, President Obama was just dealt a fresh blow related to what some say is another example of Presidential overreach after the 5th U.S. Circuit Court of Appeals in New Orleans ruled that an executive order on immigration designed to prevent the deportation of undocumented immigrants will remain on hold.

 

Tyler Durden's picture

JPMorgan Warns Greece "Is Not Investable" As Germany Denies Any Deal Progress





Today's entire surge in stocks and EURUSD was predicated on nothing more than momentum ignited from rumors of a report that a deal was imminent. So now that Germany has come out and stated - unequivocally - that:

*GERMAN GOVT SURPRISED BY GREEK REPORTS OF PROGRESS: OFFICIAL

One might imagine some of the ramp would be removed.. and it is in EURUSD, but not in stocks. However, as JPMorgan warns "hope is not an investment case. The longer we go without a deal, the less likely we believe a deal becomes/the higher the chance of Grexit."

 

williambanzai7's picture

FaKe FIFA WoRLD CuP MoMeNT...





Can someone please tell us which TBTF banks were busy laundering FIFA's dough?

 

Tim Knight from Slope of Hope's picture

Poor (as a church mouse) Hillary





I just saw this exciting offer to enter a contest for the chance to meet Hillary Clinton

 

Tyler Durden's picture

When Stock Buybacks Go Horribly Wrong





Of the $500 million KORS spent on buybacks in the past two quarters, it already has a paper loss of $200 million. Incidentally, KORS spent about $200 million on capex for all of fiscal 2014. Which, in a nutshell, is what happens when stock buybacks go horribly wrong.

 

Tyler Durden's picture

Buy This Company Quickly For $10 Million Before It IPOs On The Shenzhen Exchange





Overnight saw yet another dip at the open that was ripped by the close in Chinese markets as Year-to-Date gains for China's Shenzhen Composite now top 105%. With IPOs rising 500% with no down days, Charles Hugh-Smith unleashes his satirical sword to 'explain' just how idiotic this situation has become, and (as we detailed here) it will get worse...

 
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