• Tim Knight from...
    09/16/2014 - 21:37
    What if it had gone differently? What if, six years ago, in the throes of the financial crisis, the political leaders in D.C. had decided that enough was enough, and they were going to seize the...
  • williambanzai7
    09/16/2014 - 12:16
    I have tons of good stuff to post, but this morning I'm feeling something like this...

Tyler Durden's picture

Obama's 'War On Terror' Simplified

Strategy - check. Coalition - check. Blowback - check.



Tyler Durden's picture

Former BP CEO Warns "Sanctions Will Bite West" As US Gives Majors 14 Days To Wind Down Russian Activities

while sanctions until this moment had been largely intended to specifically allow energy companies to continue their status quo in Russia, as of this Friday, it is precisely the E&Ps that are being targeted, as we noted on Friday, and as Reuters follows up today, reporting that some of the world's largest companies, namely Exxon, Anglo-Dutch Royal Dutch Shell, Norway's Statoil and Italian ENI, will have to be put their Russian projects on hold:  to wit, the companies will have 14 days to wind-down activities.  And yet Russia may once again have the last laugh: enter Tony Hayward, the infamous former CEO of BP (and current Chairman of Glencore) who may have been disgraced by his handling of the Macondo spill but his comments on how the Russian sanctions will play out, are spot on. As the FT reported moments ago, "US and EU sanctions against Moscow are in danger of turning round and biting the west by constraining global oil supply and pushing up prices in coming years, the former chief executive of BP has warned."



Tyler Durden's picture

On The Cliff At The Edge Of The "Permanently High Plateau"

The uncorrected half-cycle advance since 2009 has been accompanied by a resurgence of proponents advocating that stocks should simply be bought and held indefinitely, regardless of price. As Graham & Dodd warned, "it is important to note that mass speculation can flourish only in such an atmosphere of illogic and unreality." The over-arching reality is that there is a cliff at the edge of what appears to be a permanently high plateau.



Tyler Durden's picture

Inflation Watch: How Much $1 Used To Get You!

Despite promises that inflation is "contained," the dollar ain't quite what it used to be...



Tyler Durden's picture

"World War III May Have Already Begun", Pope Francis Warns

While we doubt the pope is much of a trader, based on his latest comments, speaking during a visit to Italy's largest military cemetery, where he was commemorating the centenary of World War I and where he said that a "piecemeal" World War III may have already begun, we assume he too would join the confusion of the BIS and every other carbon-based life form, wondering how it is possible that risk assets are at all time highs which the world is not only teetering on the edge of a new global conflict but may have already in fact entered it. Oh wait, the central banks, never mind.



Tyler Durden's picture

"Low Volatility Everywhere" - BIS Sounds Alarm Alert On Pervasive Complacency Masking Systemic Shocks

"After the spell of volatility in early August, the search for yield – a dominant  theme in financial markets since mid-2012 – returned in full force. Volatility fell back to exceptional lows across virtually all asset classes, and risk premia remained  compressed. By fostering risk-taking and the search for yield, accommodative monetary policies thus continued to support elevated asset price valuations and  exceptionally subdued volatility."



Tyler Durden's picture

The American Public: A Tough Soldier Or A Chicken Hawk Cowering In A Cubicle?

For a mass of people so easily terrified by guys in caves funded and armed by our intelligence services and “allies” in the Persian Gulf, the American public talks with such armchair bravado when it comes to launching bombs from drones and sending other people’s children to die. Makes you wonder though, which one is it? Is the American public actually the tough guy soldier it pretends to be when cheering overseas military interventions, or is it really a scared, propagandized, coward hiding in one of our nation’s endless cubicle rows? Unfortunately, based on recent opinion polls demonstrating approval for military action against ISIS, it appears to be the latter. The former is merely a front put on by that terrified, economically insecure, silently suffering automaton.



Tyler Durden's picture

UK's Cameron Warns Scots "No Way Back" As Independence Vote Remains Too Close To Call

With polls and surveys showing a slight bias to a "No" vote for Scottish Independence - but realistically too close to call - it appears UK Prime Minister Cameron has once again flip-flopped his strategy to deal with the northern menace. Initially it was one of scaremongery, warning of Scottish safety in light of global terrorism; then Cameron softened his stance proclaiming how "heartbroken" he will be if "our family was ripped apart." Now, just a day later, according to The Sunday Times, Cameron will unveil his latest push tomorrow that "there will be no way back" if they vote for independence, warning that a split from the U.K. will see the two countries go their separate ways forever, with the vote result a "once-and-for-all decision." Media bias is increasingly evident as the establishment unleashes its last minute full court press promising Scots "can have the best of both worlds." if they back the union...



Tyler Durden's picture

Caught On Tape: Uber X's Latest Driver, Deadmau5 Taking Fares In His $300,000 Mclaren 650S

While Uber faces lawsuits and blockades around the world, it appears Toronto just took the Taxi 2.0 experience to a whole new level. Deadmau5, the famous Canadian DJ, is the latest to become an Uber X driver, and as Jalopnik shows below, he turns up in his brand new Mclaren 650S to pick up a few fares...



Tyler Durden's picture

Art Cashin: "Things Could Theoretically Turn Into What I Call A Lehman Moment"

Q. What are traders talking about at the present time here at the New York Stock Exchange?

Cashin: We are concerned about two questions. First, how will the Fed do in keeping money reasonably easy without causing inflation? Second, where do we stand with the current geopolitical challenges? For now, these challenges seem to be short term concerns. But should we begin to see a financial contagion and pressure building on banks in Europe, perhaps out of the Ukraine situation, things could theoretically turn into what I call a «Lehman moment». That is when markets come under pressure but seem to be under control, and then things change suddenly.



Tyler Durden's picture

The Fed Has A Big Surprise Waiting For You

The US economy is dead. The Fed has known this for a long time, but pumped it up to where it is now to draw in all the greater fools, the so-called big investors who have made money like honey from QE and ZIRP. They are the greater fools. The American real economy ceased being a consideration long ago. We’re in for big surprises, and they won’t be pretty, they’ll be pretty nasty. There are far too many people who think of themselves as smart who don’t see the difference between a theater play and a reality show. The Fed will raise rates because that will make the biggest banks the most money. There’s nothing else that matters. The Fed can’t revive the US economy, that’s just a foolish notion. But it can suck a lot of wealth out of it.



Tyler Durden's picture

"Moderate" Syrian Rebels Sign Non-Aggression Pact With ISIS; Iraq Defies US

First it was the 'broad coalition' that appeared a little narrower than President Obama explained to the world last week. Today, 2 more crucial aspects of the 'strategy' appear to be faltering. Despite the promise of $500 million to train "moderate" Syrian terrorist/rebels to fight ISIS, GlobalPost reports Syrian rebels and jihadists from the Islamic State have agreed a non-aggression pact for the first time. Under the deal, "the two parties will respect a truce until a final solution is found and they promise not to attack each other because they consider the principal enemy to be the Nussayri regime." Not exactly what Obama and Kerry had in mind. But it is John Kerry's trip to Iraq that appears to have had blowback already as Reuters reports the newly installed US-friendly PM al-Adadi ordered his air force to halt strikes on civilian areas, "even in those towns controlled by ISIS," just a day after Kerry's visit (which left Turkey explaining how it would not support US airstrikes either). So far, so good?!



Tyler Durden's picture

Re-Authorizing Ex-Im Bank (Or The Easiest Way To Make A 500x Return On Investment)

What’s the easiest way to make a 500x return on investment?



Tyler Durden's picture

What Would You Pay An NFL Cheerleader?

What does an NFL cheerleader cost?



Tyler Durden's picture

ISIS Beheads British Aid Worker In "Message To Allies Of America"

In yet another gruesome video, just day after President Obama declared war, ISIS has released "a message to the allies of America" with the execution of another captive: *ISLAMIC STATE RELEASES VIDEO SHOWING BEHEADING OF DAVID HAINES. British Prime Minister David Cameron has called this "an act of pure evil," and will hold a cabinet meeting on the matter tomorrow, promising "to hunt down these murderers."



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