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Oklahoma Leads The World In Seismic Activity As 2015 Quake Count Tops 5,000
Submitted by Tyler Durden on 11/26/2015 17:45 -0500With geologists having confirmed the link between fracking and earthquakes in Oklahoma (and energy executives trying to get those geologists fired), the news this week that The Sooner State leads the world in seismic activity will likely see more uproar from residents.. and more lobbying dollars spent to 'calm' the politicians. As KFOR reports, this year, more than 5,000 earthquakes have been recorded and experts say earthquakes in Oklahoma will likely increase in magnitude over time warning that it's only a matter of time before the state gets a big one that will change life for those of living there.
After Arresting Hundreds Of Stock Traders, China Cracks Down On "Malicious" Metals Sellers Next
Submitted by Tyler Durden on 11/26/2015 12:24 -0500The China Nonferrous Metals Industry Association has submitted a request to Chinese regulators to probe "malicious" short-selling in domestic metal contracts amid recent price declines. Becase it is always the "malicious" sellers who are the cause of all the world's problems, never the "malicious" buyers, especially when said buyers are the central banks themselves.
If "Everything's Awesome" Why Did Aussie CapEx Just Collapse By The Most In Its 30 Year History
Submitted by Tyler Durden on 11/25/2015 22:13 -0500Day after day, the 'stability' in the stock "markets" (specifically in AsiaPac) is posited as 'proof' that China is 'fixed', the worst is over in EMs, The Fed can raise rates, and massive monetray policy manipulation of market signals had no mal-investment consequences. Well all of that utter crap just got obliterated as China's right-hand-man in the credit-fueled commodity boom bust - Australia - just saw its business capital expenditure collapse 20% YoY - the biggest drop ever, accelerating the crash in business spending to 11 quarters. As Goldman warns, this exposes significant downside risk to any forecast for GDP recovery in 2016.
US Taxpayer Faces $230 Million Loss As Spain's 'Solyndra' Files For Creditor Protection
Submitted by Tyler Durden on 11/25/2015 12:47 -0500"The future of the company seems very black," notes on trader as the bonds and stocks of Spanish renewbles form Abengoa lives up to its name and files for creditor protection, just as we warned was likely. With the stock crashing 70% to 28c and 4-month bonds trading at just 22c on the dollar, market participants face an almost total loss.. but, as we detailed previously, it is the American taxpayer - who thanks to Ex-Im Bank loans to keep this zombie alive - face losses of $230 million as Spain's Solyndra exposes another symptom of the Oligrachic ignorance of where the money comes from.
This Is China's Middle Finger For The Global Economy
Submitted by Secular Investor on 11/25/2015 10:51 -0500The US is on its own and monetary expansion seems the only Holy Grail left...
Global Stocks Rebound As Geopolitical Tensions Subside; Europe Surges On Report Of More ECB Easing
Submitted by Tyler Durden on 11/25/2015 07:01 -0500- Afghanistan
- Apple
- Australia
- B+
- Baidu
- Barack Obama
- BOE
- Bond
- China
- Consumer Confidence
- Consumer Sentiment
- Copper
- Creditors
- Crude
- Crude Oil
- Equity Markets
- Eurozone
- fixed
- France
- Germany
- Initial Jobless Claims
- Insider Trading
- Japan
- Jim Reid
- Market Sentiment
- Michigan
- Monetary Policy
- New Home Sales
- Nikkei
- Nomura
- Norway
- Personal Income
- President Obama
- Price Action
- Recession
- recovery
- Renaissance
- Reuters
- Richmond Fed
- Trade Balance
- Turkey
- University Of Michigan
- Vladimir Putin
- World Trade
- Yuan
Following yesterday's dramatic geopolitical shock, U.S. equity index futures rise as Russia has not escalated the confrontation with Turkey as some had feared, while Asian shares fall, reversing earlier gains. European stocks are rallying and the euro is falling on the back of a Reuters report that the ECB is mulling new measures to prop up lending, although it’s not clear at this point what the real impact from these measures would be.
"Sell In December And Go Away" - Why Goldman Sees The Market Going Nowhere In 2016
Submitted by Tyler Durden on 11/24/2015 13:56 -0500When it comes to 2016, Goldman says that it is "deja vu all over again", and that the S&P 500 index will tread water for a second consecutive year. Specifically Goldman says that its "year-end 2016 target of 2100 represents a 1% price gain from the current index level (2089), which itself is just 1% above the year-end 2014 level of 2059." Here are the reasons why Goldman expects all the main themes from 2015 to be repeated in the coming year, and why the one can just sell on December 31, 2015 and go away for the next year:
Look Out Troika, Portugal Names Socialist Antonio Costa Prime Minister
Submitted by Tyler Durden on 11/24/2015 13:26 -0500In a move that ends a weeks-long political stalemate, Portugal's President Anibal Cavaco Silva has named Socialist leader Antonio Costa PM. Due to Costa's alliance with the Left Bloc and the Communists, many worry the stage is now set for a showdown with Brussels, the IMF, and Berlin.
Robbery In Progress At Chase Branch On 6th Avenue In Downtown Manhattan
Submitted by Tyler Durden on 11/24/2015 12:34 -0500It was 11 months ago when brazen thieves penetrated deep within the "safe" confines of Manhattan, and tried to rob a Chase Manhattan branch on 72nd and Columbus in the Upper West Side. It was unclear if the robbers were successful then, or if the bank even had any cash. Moments ago, another bunch of just as brazen robbers has attempted to rob another Chase branch, this time on 6th Avenue and 18th street. According to the NY Scanner, the NYPD just called in a Level 1 mobilization to 611 6th Avenue, where thieves have struck yet again.
Existing Home Sales Tumble, Weakest Annual Growth Since January
Submitted by Tyler Durden on 11/23/2015 10:13 -0500Dominated by an 8.7% collapse in The West, existing home sales fell 3.4% in October MoM (worse than the 2.7% drop expected) to a 5.36mm SAAR. Year-over-year, existing home sales are up just 3.9% - the weakest since January. And finally, in a mind-numbing reality for The Fed's wealth creation plan, median home prices have now dropped for 4 months in a row.
Congress Wants To Seize Your Passport For Unpaid Taxes
Submitted by Tyler Durden on 11/20/2015 23:10 -0500Sometimes you just have to stand in awe at the level of corruption and incompetence in government.
These Are The Year-End Pain Trades
Submitted by Tyler Durden on 11/20/2015 13:20 -0500- US dollar sell-off: Nov’15 Global FMS shows “long dollar” most crowded trade
- EM rally: China deval complicates rally but humiliated EM ripe for bounce as Fed hike expectations peak
- Positioning less "bearish": risk rally is "narrow" and vulnerable to quick profit-taking in event-rich December: deteriorating RSP/SPY ratio
Futures Rise, Global Stocks Set For Best Week In Six Unfazed By Terrorism Concerns
Submitted by Tyler Durden on 11/20/2015 06:37 -0500Futures are modestly higher in early trading having tracked the USDJPY once again almost tick for tick, with the carry trade of choice rising to 123 shortly after Mario Draghi's latest speech pushed the dollar strong initially only to see most gains promptly evaporate against both the Yen and the Euro. European shares are likewise little changed, after gaining earlier, while Asian stocks rise; oil also advanced in early trading only to drop to its lowest overnight level moments ago, a few dimes over $40, with aluminum and copper both posting modest increases.
Nike Just Did It
Submitted by Tyler Durden on 11/19/2015 16:29 -0500Having suffered a little recently on the heels of retailer concerns, Nike - the best performer in The Dow this year - is surging back towards all-time record highs after unleashing a new share buyback program (upping the limit from $8bn to $12bn), a stock split and a dividend boost.
House Passes Fed Transparency Bill; Obama Will Veto
Submitted by Tyler Durden on 11/19/2015 12:14 -0500Moments ago, the in a 241-185 vote, the House passed passed H.R. 3189, aka Fed Oversight Reform and Modernization Act. The bill would make changes to how the Fed conducts monetary policy and regulatory activities and would direct the Fed to take a rules-based approach to interest rate decisions; require audits of more Fed functions such as monetary policy; and place restrictions on its emergency lending powers. In other words, everything that the banks that are direct and indirect stakeholders in the Fed would fight to the death to prevent.



