Tyler Durden's picture

The Slick Lies Of Obama's "Robin Hood" Economy (In 2 Awkward Cartoons)

Take from the 'redefined rich' and give to the who again?



Tyler Durden's picture

"Historic" Blizzard To Slam Northeast On Monday Night: Over A Foot Of Snow Expected In New York City

"CHILLY AND BLUSTERY CONDITIONS EXPECTED THROUGH MONDAY. A MAJOR AND POTENTIALLY HISTORIC WINTER STORM WILL AFFECT THE REGION MONDAY NIGHT INTO TUESDAY NIGHT...TRAVEL MAY BECOME IMPOSSIBLE AND LIFE THREATENING. DRIER WEATHER FOLLOWS WEDNESDAY INTO EARLY THURSDAY...BUT WILL HAVE TO WATCH FOR ANOTHER CHANCE OF SNOW BY THE END OF THE WORK WEEK." - National Weather Service



Tyler Durden's picture

Axel Merk: Why Asset Prices Must Return To Lower Levels

"...as the Swiss National Bank has shown, risk can come back with a vengeance. The same thing can happen of course, in any other market. If the Federal Reserve wants to pursue an "exit" to its intervention, if it wants to go down this path, well, volatility is going to come back.  Everything else equal, it means asset prices have to be priced lower. That is the problem if you base an economic recovery exclusively on asset price inflation. We are going to have our hands full trying to kind of move on from here. In that context, what the Swiss National Bank has done is it is just a canary in the coal mine that there will be more trouble ahead."



Tyler Durden's picture

Greek Deposit Outflows Soar In Run-Up To Syriza Victory

Despite all the fear-mongering by Nea Demokratia (ND), Syriza's victory over the incumbent is dramatically larger than expected (exit polls indicate a potential 12 point margin vs 7 point spreads in the run-up). However, as JPMorgan details, the fear-mongery was very evident in bank deposit runs as proxied outflows surge EUR8 billion last week - more than all of December and the rest of January combined...



Tyler Durden's picture

Blowout Victory For Syriza In Greek Elections: Live Webcasts

UPDATE: Greek Government official admits electoral defeat by Syriza

According to the initial exit polls, in first place, with some 35.5%-39.5% of the vote is Syriza, a huge lead over the second placing New Democracy which has 23-27% of the vote - far more than polls had indicated previously 0 and a place which practically assures Tsipras' party an absolute majority.



Tyler Durden's picture

Did Goldman Just Call The Top Of The "Strong Dollar" Trade

This is what Goldman has to say in order to assure that clients flood Goldman's prop pardon flow traders with "Buy USD" orders: orders which Goldman, being on the other side, will be delighted to fill.



Tyler Durden's picture

Ekloges 2015: Greece Votes In Historic For Europe Election

Will today be the beginning of the end of the Eurozone? The answer, as of this moment, is in the hands of some 9.8 million eligible to vote Greeks whose choice will determine the shape of the Eurozone in the coming days and months.



Tyler Durden's picture

David Stockman: Woodrow Wilson's War & Why The Entire 20th Century Was A Mistake

"My humble thesis tonight is that the entire 20th Century was a giant mistake. And that you can put the blame for this monumental error squarely on Thomas Woodrow Wilson - a megalomaniacal madman who was the very worst President in American history... well, except for the last two."



Tyler Durden's picture

"Cheerful" Dutch Financier Becomes 4th ABN Amro Banker Suicide

Following the deaths of 36 bankers last year, 2015 has got off to an inauspicious start with the reported suicide of Chris Van Eeghen - the 4th ABN Amro banker suicide in the last few years. As Quotenet reports, the death of Van Eghen  - the head of ABN's corporate finance and capital markets -"startled" friends and colleagues as the 42-year-old "had a great reputation" at work, came from an "illustrious family," and enjoyed national fame briefly as the boyfriend of a famous actress/model. As one colleague noted, "he was always cheerful, good mood, and apparently he had everything your heart desired. He never sat in the pit, never was down, so I was extremely surprised. I can not understand." Most believe that the suicide is not related to his work at the bank, but a former colleague had noticed that on his Facebook recently changed its job title to "former." Chris leaves behind a son - who had recently been cleared of cancer.



Tyler Durden's picture

A Bunch Of Criminals

When you read about female doctors feeling forced to prostitute themselves to feed their children, about the number of miscarriages doubling, and about the overall sense of helplessness and destitution among the Greek population, especially the young, who see no way of even starting to build a family, then I can only say: Brussels is a bunch of criminals. And Draghi’s QE announcement is a criminal act. It’s a good thing the bond-buying doesn’t start until March, and that it’s on a monthly basis: that means it can still be stopped.



Tyler Durden's picture

Get Ready For Negative Interest Rates In The US

With Fed mouthpiece Jon Hilsenrath warning - in no lesser status-quo narrative-deliverer than The Wall Street Journal - that The ECB's actions (and pre-emptive collapse in the EUR) means the U.S. economy must deal with a rapidly strengthening dollar that will make American goods more expensive abroad, potentially slowing both U.S. growth and inflation; and Treasury Secretary Lew coming out his crypt to mention "unfair FX moves," it appears The Fed (and powers that be) are worrying about King Dollar. This suggests, as Mises Canada's Patrick Barron predicts, the Fed will start charging negative interest rates on bank reserve accounts as the final tool in the war on savings and wealth in order to spur the Keynesian goal of increasing “aggregate demand”. If savers won’t spend their money, the government will take it from them.



Tyler Durden's picture

The US-Saudi Relationship (Summed Up In 1 Cartoon)

With President Obama shunning Bibi and cutting short his India trip (along with Michelle) to meet new Saudi Arabian King Salman (dementia and all), we thought this cartoon summed up the relationship between America and its oil-exporting ally...



Tyler Durden's picture

How Mario Draghi Unleashed A $1.4 Trillion Negative Interest Rate Tsunami

The ECB may have failed at everything else but it has certainly achieved one thing: sending 20% of Europe's universe of government bonds,  some €1.4 trillion, into negative territory.



Tyler Durden's picture

Repeat After Us: "Correlation Isn't Causation"

But if it walks like an idiot, and talks like an idiot...?



Do NOT follow this link or you will be banned from the site!