October 7th, 2015

Tyler Durden's picture

Ask Courageous Ben Bernanke Anything, Courtesy Of The WSJ

As the WSJ has kindly offered, anyone who wishes to, can ask Ben Bernanke questions about his "courage" to print $3 trillion and make the rich richer. Just make sure to tag your tweet with #FedWSJPro.


Tyler Durden's picture

Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iran Ground Invasion

The Western hypocrisy and outright panic is accelerating, as Washington is simply bewildered about what to do next in Syria. Meanwhile, the Russian military has, in the space of a week, cleared the way for an Iranian gound invasion on behalf of Assad. Once that's finished, the entire campaign will shift to Iraq, where the US will either need to confront Russia or simply pack up and leave.


Tyler Durden's picture

Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts Buyback

It had been quite a downcast start to the third quarter earnings season following very disappointing earnings from Illumina, Adobe and Yum Brand. Then Moments ago agri-giant Monsanto made it four out of four when it reported absolutely terrible results, cut guidance, but at least announced a new $3 billion stock buyback, one that will soak up all the company's net cash flow. The cost of all of this: some 2,600 worker terminations.


Tyler Durden's picture

Technically Speaking: The Real Correction Is Still Coming

What most investors do not realize currently is they could go to "cash" today and in five years will likely be better off. However, since making such a suggestion is strictly "taboo" because one might "miss some upside," it becomes extremely important for measures to be put into place to protect investment capital from the coming downturn.  Of course, since Wall Street does not make fees on investors holding cash, maybe there is another reason they are so adamant that you remain invested all the time.


Tyler Durden's picture

Asia FX Soars On China Reserves Relief As Ringgit Reversal Catches Traders Wrong-Footed

"We are still in a very cautious environment for emerging-market currencies and unless there is a sharp turnaround in commodity prices or capital flows, I still think there’s going to be pressure on the ringgit and the rupiah."


Tyler Durden's picture

Frontrunning: October 7

  • How Iranian general plotted out Syrian assault in Moscow (Reuters)
  • China FX reserves post record quarterly fall as cenbank steps up yuan support (Reuters)
  • MSF calls for independent inquiry into U.S. attack on Afghan hospital (Reuters)
  • Yen Advances as Bank of Japan Refrains From Adding to Stimulus (Reuters)
  • Abu Dhabi Said to Explore Asset Sales After Slump in Oil Price (BBG)
  • U.S. Oil Approaching $50 Boosts Stocks as Emerging Markets Surge (BBG)

GoldCore's picture

Gold as Independent Money Versus Central Banks Paper Ponzi

The future direction of the planet is a choice between independent money and the central bankers counter-party paper Ponzi. Gold is independent monetary wealth that cannot go broke.


Tyler Durden's picture

Futures Jump Despite BOJ Disappointment, Weak Earnings Offset By Commodities Levitation

The big overnight story was certainly the BOJ's announcement at 11pm Eastern whether or not the Japanese central bank would boost QE. This is how we previewed it: "now all eyes to the BOJ when tonight around 11pm Eastern, Japan's central bank is expected do and say precisely... nothing." Sure enough, nothing is precisely what the BOJ delivered, leading to a big, if brief tumble in the USDJPY suggesting many were expecting at least a little tip from the BOJ.


October 6th

Tyler Durden's picture

California Mayor Forced to Hand Over Electronics and Passwords at Airport, Compares U.S. To Nazi Germany

“I think the American people should be extremely concerned about their personal rights and privacy. As I was being searched at the airport, there was a Latino couple to my left, and an Asian couple to my right also being aggressively searched. I briefly had to remind myself that this was not North Korea or Nazi Germany. This is the land of the Free."


Tyler Durden's picture

Commodity Trading Giants Unleash Liquidity Scramble, Issue Record Amounts Of Secured Debt

In a furious race to shore up as much liquidity as possible, Glencore - which a month ago announced a dramatic deleveraging plan - and its peers have been quietly scrambling to raise billions in secured funding. Case in point none other than Glencore's biggest competitor and the largest independent oil trader in the world, Swiss-based, Dutch-owned Vitol Group, whose Swiss unit Vitol SA earlier today raised a record $8 billion in loans.


Tyler Durden's picture

The Two Major Factors That Will Drive Markets In Q4 According To SocGen (Spoiler: Not The Fed)

For SocGen, as a result of a rather unfortunate credibility-losing accident, the Fed will not be one of the two major factor that will drive markets in the fourth quarter. So what will? According to the French bank, it is all up to China and Earnings now.


Tyler Durden's picture

Fortress Backs Hundred Million Dollar Subprime, Payday Lender Scheme: "He Has Peacock Feathers Tattooed Down His Left Arm"

"I don’t hide tattoos, I don’t take earrings out. I just don’t do that, because ultimately if you don’t like who I am, you’re not going to like what I do."


Tyler Durden's picture

Is Russia Plotting To Bring Down OPEC?

Russia can be seen as maneuvering to split OPEC into two blocs, with Russia, although not a member, persuading the “Russian bloc” to isolate Saudi Arabia and the Gulf Arab OPEC members within OPEC. This might persuade the Saudis to seek a compromise with the have nots.


Tyler Durden's picture

A "Heroic" Ben Bernanke Blames Congress For Poor Economic Recovery

"That’s why I often said that monetary policy was not a panacea — we needed Congress to do its part. After the crisis calmed, that help was not forthcoming. When the recovery predictably failed to lift all boats, the Fed often, I believe unfairly, took the criticism."

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