• Pivotfarm
    04/20/2014 - 17:08
    As the audience went from laughter to applause, Vladimir Putin responded to the question that he had just read out on a televised debate in Russia. What was the question?

Tyler Durden's picture

Obama Administration Encouraged Insider Trading

Over the past week the Obama administration leaked material information, in effect allowing and encouraging frontrunning of public data, when it told "asset managers last week that it was planning additional sanctions against Russia over the conflict in Ukraine."Bloomberg reports that the meeting, convened a week before talks with Russia in Geneva that ended yesterday, left managers grappling with the question of whether the government intended to follow through, or was trying to trigger asset sales through the threat of sanctions, said the person. Former administration officials have said forcing Russia out of global financial markets is the strongest tool President Barack Obama has at his disposal in trying to defuse the ongoing crisis between Russia and Ukraine.



Tyler Durden's picture

Ukraine "De-escalation" Voided As Pro-Russia Militia Refuse To Vacate Occupied Buildings

If yesterday we had questions about the half life of the effectiveness of the latest diplomatic de-escalation of Ukraine tensions 'achieved' in Geneva, following news that both Ukraine would continue its anti-terrorist operation and that fighting had broken out in various east Ukraine locations after the agreement, today any questions have been swept aside following news that the Ukraine "separatist" milita, who after all is the primary object of Ukraine "anti-terrorist activities", has announced that they will only leave the occupied east Ukraine buildings if the interim government in Kiev resigns. Denis Pushilin, a spokesman of the self-appointed Donetsk People's Republic, told reporters that the insurgents do not recognize the Ukrainian government as legitimate.



Tyler Durden's picture

"Hillary For President" Fundraiser Busted For Illegal Campaign Contributions

If you listen carefully, you can hear the stampede of politicians distancing themselves from their once best-friend - Hotel magnate Sant Singh Chatwal - as AP reports, he plead guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it. Without the contributions "nobody will even talk to you," Chatwal said. "That's the only way to buy them, get into the system." Welcome to the ugly truth of American politik.



Tyler Durden's picture

Putin's Top 10 Q&A Quotes: "The US Will Cut Off Their Nose To Spite Their Face"

Ukraine’s crisis was, predictably, at the center of Vladimir Putin’s annual televised interview... but here are the Russian President's Top 10 Q&A quotes... “The US is certainly one of the world’s leaders. At some point it seemed that it was the only leader and a uni-polar system was in place. Today it appears that is not the case. Everything in the world is interdependent and once you try to punish someone, in the end you will cut off your nose to spite your face,”



Tyler Durden's picture

What Oil War Premium?

Central bank's ongoing and so-far-successful efforts to crush short-term volatility and encourage hapless individuals into the world's nominally rising stock markets has had consequences. Inequalities abound (rich vs poor, corporate profits vs capex/jobs, bond yields vs growth hopes) but nowhere else is this more evident - given the ever-increasing crescendo of the drum-beat of war around the world - than in oil price volatility. As the chart below shows... oil price volatility is at its lowest in 21 years. We can't help but be reminded of Taleb's priceless phrase that "there is no freedom without noise - and no stability without volatility."



Tyler Durden's picture

Princeton Study Confirms 'US Is An Oligarchy'

"...policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened...

...even when 80% of the population favored a particular public policy change, it was only instituted 43% of the time."



Tyler Durden's picture

Wave To The Webcam Caption Contest

For an administration run by a "straight to TV" teleprompter, it is only fitting that the inspiration for reaching out to the unemployed masses should come straight from the Oscars. No Samsung's media stunt this time, just America's figurehead leaders kindly requesting everyone to please wave to the NSA-controlled webcam: after all they are on the other end, and smiling.



Tyler Durden's picture

If The Smart Money Is Selling, Who's Buying?

Based on Bloomberg's Smart Money Flow indicator, there is a very significant amount of distribution going on... the question is just who is soaking up the smart money selling? Company buybacks, Johnny 5, or a greater-fool retail investor?



Tyler Durden's picture

It's Time To Ditch The Consumer Price Index (CPI)

That the official rate of inflation doesn't reflect reality is obvious to anyone paying college tuition and healthcare out of pocket. The debate over the accuracy of the official consumer price index (CPI) and personal consumption expenditures (PCE--the so-called core rate of inflation) has raged for years, with no resolution in sight. So why does the government maintain such a transparently inaccurate and misleading metric? For three reasons.



Tyler Durden's picture

The Great Stock Buyback Craze Is Finally Ending

As we reported last night, whether as a result of Snowden revelations and NSA blowback by BRIC nations, or simply because the global economy is contracting far faster than rigged and manipulated markets worldwide will admit, IBM's Q1 revenues not only missed consensus earnings, but dropped to their lowest level since 2009. And yet, IBM stock is just shy off its all time highs and earnings per share have been flat if not rising during this period, leading even such acclaimed investors who never invest in tech companies as Warren Buffett to give IBM the seal of approval. How is that possible? Simple: all that investment grade companies like IBM have done in the New Normal in order to preserve the illusion of growth, is to use cash from operations, or incremental zero-cost leverage, to fund stock buybacks. In essence a balance sheet for income statement tradeoff. However, that "great stock buyback gimmick" as we call it, is finally coming to an end.



Tyler Durden's picture

BTFDe-Escalation

VIX-slamming, USDJPY-ramping, BTFDe-escalating muppetry and we end the week near the highs with the S&P and Trannies comfortably green YTD (though notably underperforming gold still). Treasuries were sold hard today (7Y +10bps) as the D word was bandied about by the politicians (while in reality de-escalation was anything but what was happening), but the 5s30s still flattened modestly further. 10Y saw one of its worst days of the year and yields pressed up to their 200DMA. Gold and silver were flat to modestly lower as copper and oil limped higher. FX markets were relatively calm as the USD pushed higher on the week (+0.5%). Stocks closed weak into the close but after 3 days of ramp, it's hardly surprising.



Tyler Durden's picture

President Obama Discusses Obamacare And The (De)Escalation - Live Feed

An impromptu press conference... on Obamacare but we are sure there'll be time to poke the bear...



Tyler Durden's picture

More "De-escalation" - NATO Sends Five Warships To Baltic Sea

The latest development out of NATO, which was already largely expected, must be part of the just announced elaborate de-escalation scheme.  From VOA: "NATO members are sending navy ships to the Baltic Sea to increase the security of the alliance's eastern European allies in response to the Ukraine crisis. NATO's Maritime Command said Thursday it is sending four minesweepers and a support vessel to the Baltic Sea. The ships are from Norway, the Netherlands, Belgium and Estonia."



Tyler Durden's picture

WTF Moment Of The Week: No One Bought Japanese Bonds For 36 Hours This Week

Here’s something you don’t see very often: For a day and a half this week, the Japanese government’s benchmark 10-year bonds attracted not a single successful private sector bid. At today’s artificially-depressed yields, no one wants this paper — except of course the Bank of Japan, which is buying up the bonds with newly-created yen. In a world of markets rather than manipulations, this kind of imbalance would be an automatic short candidate. Actually, this kind of imbalance would never occur and as one trader noted "I know this could end badly."



Tyler Durden's picture

So Much For The De-escalation? Kiev Says Military Operation In East Ukraine To Continue

Everyone knows that the half-life of these pointless diplomatic summits aimed at "de-escalating" geopolitical tensions is measured in days if not hours... But minutes? Moments ago from RT, and literally minutes after the final Geneva "agreement" was blasted, we get this: "Kiev says Military operation in Ukraine southeast to go on despite Geneva agreement." The agreement, which as a reminder, said "All sides must refrain from any violence, intimidation or  provocative actions." That's right: not just "pro-Russian separatist terrorists", but all sides.



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