October 6th, 2015

George Washington's picture

Putin Has Just Put An End to the Wolfowitz Doctrine

The Russians Will No Longer Allow Regime Change of Their Allies


Tyler Durden's picture

NYSE Short Interest Surges To Record, Pre-Lehman Level

There are two ways of looking at the NYSE short interest, which as of September 15 surged by 1.4 billion to 18.4 billion shares or just shy of the level hit on July 31, 2008: one is that a massive short squeeze is about to be unleashed, sending the S&P500 to new all time highs; the other is that just as the record short interest in July 2008 correctly predicted the biggest financial crisis in history and all those shorts covered at huge profits, so another historic market collapse is just around the corner.


Tyler Durden's picture

How Developed Markets Become Banana Republics: "Debt Is A Much Easier Way To Gather Consensus"

"A smart politician can see that if somehow the consumption of middle-class householders keeps rising, if they can afford a new car every few years and the occasional exotic holiday, and best of all, a new house, they might pay less attention to their stagnant monthly paychecks. And one way to expand consumption, even while incomes stagnate, is to enhance access to credit."


Tyler Durden's picture

The Trans-Pacific Partnership: Permanently Locking In The Obama Agenda For 40% Of The Global Economy

We have just witnessed one of the most significant steps toward a one world economic system that we have ever seen.  Negotiations for the Trans-Pacific Partnership have been completed, and if approved it will create the largest trading bloc on the planet.  In this treaty, Barack Obama has thrown in all sorts of things that he never would have been able to get through Congress otherwise.  And once this treaty is approved, it will be exceedingly difficult to ever make changes to it.  So essentially what is happening is that the Obama agenda is being permanently locked in for 40 percent of the global economy.


Tyler Durden's picture

Russian Embassy Trolls Saudi Arabia On Twitter

The Kremlin has thus far observed some semblance (and we do emphasize the word “some”) of decorum in criticizing the West’s approach to Syria. The nicetites just went out the window...


Tyler Durden's picture

The Phrase That Launches Recessions

“It feels like someone just flipped the switch to ‘off’ without any concrete reasoning,” one of the executives commented.


Tyler Durden's picture

Barry Diller: "If Trump Wins I'll Move Out Of The Country"

"If Donald Trump doesn’t fall, I'll either move out of the country or join the resistance. I just think it's a phenomenon of reality television as politics and I think that that is how it started. Reality television, as you all know, is based on conflict. All he is is about conflict and it's all about the negative conflict. He's a self-promoting huckster who found a vein, a vein of meanness and nastiness."


Tim Knight from Slope of Hope's picture

Earnings Still Matter

As we head into another earnings season, the bulls better pray to whatever pagan gods they worship that company after company magically defy the downturn that the economy is quite obviously entering.


Tyler Durden's picture

SocGen Models A Chinese Hard-Landing; Sees The S&P Crashing 60%

"Our model indicates the US equity market could potentially drop by 30% in the event of an ‘EM lost decade’ and by 60% in the event of a China hard landing (i.e. S&P 500 back to its lows)."


Tyler Durden's picture

Silver Coin Premiums Soar Above 50%

Courtesy of Sharelynx' Nick Laird who tracks precious metal premium by vendor, we continue our recent series showing the discrepancy between paper and physical metals, in this case silver. As Nick notes, APMEX price premiums are a lot higher than the Monex. And as can be seen in the charts below, premiums rose above 50% for 1-19 coins & above 40% for 500 plus coins.


Tyler Durden's picture

Prominent Permabull Says Correction Not Over Yet, Expect "Final Capitulation"

"The strong stock market rally during the last few days has pushed the S&P 500 near its highest closing level since the correction began in late August. This has boosted optimism that the recent selloff may be ending. While this could certainly prove to be the case, we remain less sanguine that the vulnerabilities, which initially produced this correction, have yet to be resolved. Ultimately, we expect a more fearful investment culture suggesting a final capitulation and more importantly, a lower stock market valuation level able to withstand a less hospitable recovery as the economy nears full employment."


Tyler Durden's picture

Glencore Explains What Would Happen If It Is Downgraded To Junk

"In the event of a downgrade by Standard & Poor’s and/or Moody’s from current ratings to the level(s) immediately below...  there are $4.5 billion of bonds outstanding, where a 125bps margin step-up would apply, in the event that the bonds were rated sub-investment grade by either major ratings agency."


Phoenix Capital Research's picture

How and Why Banks Will Seize Deposits During the Next Crisis

The US has now joined Canada, Cyprus, New Zealand, the UK, and Germany with plans to seize bank accounts during the next financial crisis. 

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