• Capitalist Exploits
    09/20/2014 - 11:12
    There is no perfect system or place on our blue planet, so spare me your pious lectures about poverty in the 3rd world until, say, you've fixed your own f***ing Detroit!
  • Marc To Market
    09/20/2014 - 17:02
    The world may be a big conspiracy and civilization as we know it may end soon, but if you care what the dollar may do next week, take a look at this post.

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BofA Says Bearish Bonds Means Bullish Greenback

US Treasuries are breaking out, according to BofAML's Macneil Curry, which is very supportive of the US dollar (especially against the JPY and EM FX). The only caveat, he warns, keep a close eye on fixed income volatility...



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Why Global Growth Is So Disappointing

Maybe what we want and what we need has been confused. Maybe the thin veneer of ebullient hollow markets has been confused for the real activity of real companies. Maybe the theatre of a Wise Man with an Answer has been confused for intellectually honest leadership. Maybe theoretical certainty has been confused for practical humility. The problem with sparking renewed economic growth in the West is that domestic politics in the West do not depend on economic growth. What we have in the US today, and even more so in Europe (ex-Germany), are not the politics of growth but rather the politics of identity.



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The Next Crisis - Part 1

The present global financial ‘crisis’ began in 2007-8. It is not nearly over. And that simple fact is a problem. Not because of the life-choking misery it inflicts on the lives of millions who had no part in its creation, but because the chances of another crisis beginning before this one ends, is increasing. What ‘tools’ - those famous tools the central bankers are always telling us they have – will our dear leaders use to tackle a new crisis when all those tools are already being used to little or no positive effect on this one?



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"We Are About To Arm Some Rebels And Drone Some More Folks" - Obama Statement On Passage Of Syrian Strategy

Moments ago, the Senate passed a $1 trillion government-funding bill that according to the Hill, also gave the president new authority to battle the Islamic State in Iraq and Syria.  The legislation, which has now been approved by both chambers of Congress, now heads to the White House for Obama?s signature.  While the stopgap bill will prevent a government shutdown on Oct. 1, the vote will be remembered for a controversial provision that allows Obama to start a new training program for rebel fighters in Syria.  In other words, not only will Obama arm some folks, he will also drone some other folks, the same folks he was arming a year ago.



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Australia Stunned After ISIS Plan To "Publicly Behead Random Person In Sydney" Foiled

First, led by a "British-speaking" murderer, ISIS released beheading videos of US journalists. Then ISIS releases video of a British journalist hostage 'news' report to expose "the truth," and now, Australian police have raided hundreds of homes foiling a direct ISIS provocation to publicly behead a random citizen in Sydney. As Reuters reports, more than 800 police were involved in the pre-dawn security operation in Sydney and Brisbane, which was described as the largest in Australian history. A 22-year-old Sydney man was arrest, after links were found to top ISIS recruiter Mohammad Baryalei that PM Abbot stated were "clearly designed to shock and horrify, perhaps terrify" the community.



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With A Market Cap Of $168 Billion, Alibaba Is Bigger Than...

With a market capitalization of $168 billion after its pricing at $68/share, the upper end of the range which makes this the largest US IPO in history and would be the largest in the world if the greenshoe is exercised, Alibaba, while not a member of the S&P 500 (at least not immediately), will have a market cap that is larger than the following index members:



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First YouGov Poll Predicts The Scottish "No's" Have It With 54% Of The Vote



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Alibaba Prices At $68: Here's What Happens Next

The deal is done...

*ALIBABA SAID TO PRICE IPO AT $68: CNBC CITES DOW JONES

At that price, BABA is valued at ~$170 billion - higher than 95% of the S&P 500 and the biggest US IPO ever at $21.8 billion (bigger than Visa's $19.7bn debut in 2008).  So if you want to buy some BABA shares, here's what happens next...



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You Know Your Country Is Broke When...

...when the cops have to Call 911.



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Larry Ellison Steps Down As CEO Of Oracle

Unlike Steve Jobs, who almost literally passed away engrossed by his lifetime legacy, his work, that "other" billionaire, Oracle's Larry Ellison, 70 years young, has decided to step aside and focus on the more enjoyable things in life such as buying Hawaiian islands.



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S&P Hits All-Time Record High As Russell "Death Cross" Looms

For the first time since July 2011's plunge, and with almost half its components already in bear market, the Russell 2000 looks set to experience a 'death cross' in the next few days (50-day moving average crossing below the 200-day). But don't look at that - the S&P 500 and Dow hit new record highs (despite market internals slumping) today ahead of the BABA IPO to keep the dream alive just a little longer ahead of tomorrow's quad-witching malarkey. Today's action was dominated by dismal housing data (demolishing yesterday's exuberance in homebuilders), Poroshenko's "Ukraine invasion" headlines, and hopes ahead of BABA and Scottish votes. USD down on the day, commodities down, bonds unch, stocks... UP.



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"Stocks Are More Crash-Prone Than Ever," Fleckenstein Slams "Fed's Idiot Policies"

Infamous short-seller Bill Fleckenstein left a CNBC anchor questioning her faith in the status quo in this brief interview. As she pestered him with questions about 'missing out on the rally', Fleckenstein snapped back "so what? I don't care, it doesn't matter" asking rhetorically "when the market declines, how fast will it all be taken away from you?" Fleckenstein warned "I don't think we will get through October without some accident," adding that "the stock market is more crash-prone than ever." When pressed again about sitting on the sidelines, Fleckenstein rebukes, "if you want to pursue idiots like the Fed doing crazy policies, and if you think you can get out in time, go for it. I don't want to try to do that."



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Yesterday's Late-Day Buying Panic In Stocks Was The Biggest In 3 Years

Judging by the most liquid US equity market instrument - e-Mini S&P 500 futures - market participants have not been as exuberant buyers of stocks in three years. With AAII bulls at extremes vs bears, it seems this is anything but the most-hated rally of all time!



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When It Comes To Net Worth, This Is The Main Difference Between China And The US

Ever wonder why for the US, it is all about reflating the stock market bubble in order to boost the "wealth effect", if only for a small portion of the population? Or, for that matter, why in China where the Shanghai Composite has gone absolutely nowhere since the Lehman crash (and certainly isn't up some 200% unlike the liquidity-supercharged S&P 500), it is all about preserving the sanctity of the housing bubble? Then the following chart should make it all clear.



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White House Explains Where Your $1.3 Billion Went In Ukraine

Just minutes after Poroshenko's fearmongering speech to US Congress (and in the face of a collapsing Ukraine economy), The White House has released its "fact sheet" to explain exactly how committed (aside from the lethal aid demands - which may or may not be happening as we noted here) to supprting Ukraine the US taxpayer is... On top of guaranteeing $1 billion of Ukraine's debt, a further $291 million in 'assistance' has been flooded in... here's what for...



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