• GoldCore
    07/01/2015 - 10:07
    With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is...

Archive

June 29th, 2015

Tyler Durden's picture

Russia Promises "Economic And Military" Aid To Syria As US Refloats Assad "Chemcial Weapons" Trial Balloon





The Syrian "chemical weapons" narrative is back and with it is the confirmaton that Russia will not leave the US dictate middle eastern borders unilaterally. Syria's foreign minister said on a visit to Moscow on Monday that top ally Russia had promised to send political, economic and military aid to his country. "I got a promise of aid to Syria - politically, economically and militarily," Walid al-Moualem said at a televised news conference in Moscow after meeting Russian President Vladimir Putin.

 

williambanzai7's picture

GeNeRaL JaCKSoN SLaYiNG THe MaNY HeaDeD MoNSTeR...





A dream image for the fringe finance low brows of Zero Hedge Town...

 

EquityNet's picture

Growing Concerns Over Tomorrow’s Leap Second





Tomorrow at 8pm, we’re adding an extra second to the day. Over the past 200 years, the length of a day has increased by two milliseconds, which is all well and good, but the insane accuracy of the atomic clocks we’ve been using since 1967 doesn’t account for that, so we’ve had to add leap seconds 25 times since 1972. Tomorrow, however, is the first time a leap second will be added during trading hours since markets went electronic. 

 

Tyler Durden's picture

Project "Make Everyone German" Has Failed...





Eurocrats have spent untold billions of other people’s money to save face, just so they wouldn’t have to admit that Project “Make Everyone Germany” has failed. But what they never acknowledged was that no matter how much they extend and pretend, the disease will always reach its crisis. And this financial disease is going to slay the patient. History is very clear on this point: debt kills.

 

Tyler Durden's picture

Systemic Turmoil, Structural Reform





In the natural course of things, structural reform can occur, but that natural course entails some degree of disorder and loss.

 

Tyler Durden's picture

European Bank Risk Spikes Most In 5 Years To 19-Month Highs





Europe's Senior Financial credit index traded a stunning 20bps wider at the open to 97bps before giving a little back and holding at around 90bps. This is the biggest spike in European bank risk since May 2010... and is the highest level of risk since December 2013. Is faith in central bank omnipotence faltering?

 

Secular Investor's picture

How To Cover Your Ass: The Greek Edition





Lesson 1: Make a big pile of mud; Lesson 2: ...

 

Tyler Durden's picture

Dow Tumbles 200 Points - Gives Up 2015 Gains





Trannies touched unchanged and instantly reversed but Dow Industrials only managed a modest bounce of opening lows. However, the momo did not last and there's no Nike to save the day today - The Dow is now down over 200 points and has tumbled back into the red for 2015.

 

Tyler Durden's picture

Greek 10Y Bonds Collapse - Yield Tops 15%





Greek stocks may be closed and the bond market super-illiquid but traders are willing to dump GGBs at almost any price for now. 10Y Greek government bonds are spiking over 400bps and have topped 15% for the first time since December 2012.

 

Tyler Durden's picture

Mission Accomplished SNB: Euro Storms Back To Unchanged





Because nothing of import happened this weekend. And if it did, the central banks "got it covered."

 

Tyler Durden's picture

Dallas Fed Surges Back, Beats By Most Since Jan 2012 But Hope Tumbles





After breaking to 6 year lows in May, expectations were for a bounce in Dallas Fed's Manufacturing Outlook from -20.8 to -16. After missing expectations for six straight months, June's bounce to a -7.0 print is the biggest best since January 2012. This surge was all due to the current conditions shift as future hope for new orders and production tumbled. While most subindices rose, we note that CapEx fall once again to 3-month lows. This is the 6th consecutive negative (contractionary) print in a row for Dallas Fed - something not seen outside of a recession.

 

Tyler Durden's picture

Greece May Not Even Have The Funds To Conduct A Referendum





According to Germany's FAZ, "the Greek Court also estimates that the referendum will cost around 110 million euros, according to a well-informed policy analyst. Money that in view of the strapped Greek Checkout simply will not be there, even if the country saves a EUR 1.6 billion full-scale default to the International Monetary Fund this Tuesday."

 

Tyler Durden's picture

Pending Home Sales Rise At Slowest Pace Since 2014, April Revised Lower





While May Pending Home Sales are the highest in 9 years, the pace of growth is slowing as April's rise was revised lower to +2.7% (from 3.4%) and May prints +0.9% (slightly less than the 1.0% jump expected). The 0.9% rise is the slowest MoM rise since Dec 2014.

 

Tyler Durden's picture

National Bank Of Greece Crashes To Record Low





While the Greek Stock Market remains closed, ADRs trade around the world and National Bank of Greece - theoretically the strongest and least ELA-exposed (although still a disaster) - is trading down 24% in US markets on extremely heavy volume...

 
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