ETC

Tyler Durden's picture

The Changing World Of Work 5: "Human Robots" and High-Level Skills





The severe limitation of human robot jobs is that they rarely offer much opportunity to learn a wide variety of skills--precisely what enables us to create more value with our labor.

 
Tyler Durden's picture

Grexit Lives As "Deluded" Forecasters Predict The Unpredictable





Update: SCHAEUBLE: GREECE FREE TO SEEK RUSSIAN AID, MAY NOT GET MUCH

As Greeks take to the streets, Varoufakis calls predictions about Grexit reverberations delusional, and Bloomberg proposes a list of Greek default scenarios. Meanwhile, central banks move to ringfence Greek exposure and analysts scramble to outline the risk of bank runs, capital controls, and contagion. 

 
Tyler Durden's picture

Greek Bank "Quarantine" Abroad Sparks European Selloff





A large number of European countries have effectively quarantined Greece in a bid to minimize the consequences on their credit systems in case of a Greek "accident." As ekathimerini reports, the actions are being taken in order to shield themselves and minimize the danger of contagion in case the negotiations between the Greek government and the eurozone do not bear fruit. This has sparked broad-based selling across global risk assets but particularly in Europe. Stocks from Germany to Spain are having their worst day of the year, European sovereign bond risk is exploding higher (contagion Mr. Schaeuble?), and Greek bank bonds and stocks are getting crushed.

 
Tyler Durden's picture

No Matter Who Wins The White House, The New Boss Will Be The Same As The Old Boss





The American people remain eager to be persuaded that a new president in the White House can solve the problems that plague us. Yet no matter who wins this next presidential election, you can rest assured that the new boss will be the same as the old boss, and we - the permanent underclass in America - will continue to be forced to march in lockstep with the police state in all matters, public and private. It really doesn’t matter what you call them - the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex - so long as you understand that no matter which party occupies the White House in 2017, the unelected bureaucracy that actually calls the shots will continue to do so.

 
Tyler Durden's picture

3 Things: Retail Sales, Real Unemployment, Optimism





Over the past several weeks we have heard repeated comments that you should ignore the recent retail sales weakness for a variety of reasons such as cold winter weather, consumers don't believe the drop in gas prices, etc. Putting aside the fact that cold weather almost always occurs during winter (which is why the data is seasonally adjusted to begin with), or that more than 70% of Americans are living paycheck-to-paycheck, should we dismiss the data entirely?

 
Phoenix Capital Research's picture

The REAL Issue With a Grexit/ Greek Default





The situation in Greece boil down to the single most important issue for the finacial system, namely collateral.

 
 
Tyler Durden's picture

The Changing World Of Work 4: The "Signal" Value Of Credentials Is Eroding





Conformity and being able to navigate stifling bureaucracies no longer creates value or helps employers solve real-world problems. This is why college graduates can send out hundreds of resumes and not even receive a single reply, much less an interview or job offer. An entire new feedback loop of accreditation is needed...

 
Tyler Durden's picture

It's April 15th - Do You Know Where Your Tax Dollar Went?





This will make every American feel much better about handing over that check today... as Simon Black notes today "I believe we have an obligation to starve the beast..."

 
Phoenix Capital Research's picture

Bonds Yields Are Trading At Levels Associated with the Black Plague… or WWII!





True, the world faces issues today… so it’s not odd for bond yields to be lower… but are those issues on par with a disease that wiped out 25%+ of Europe’s population… or the single largest military conflict in history?

 
Tyler Durden's picture

The Changing World Of Work I: America's Nine Classes





The conventional class structure is divided along the lines of income, i.e. the wealthy, upper middle class, middle class, lower middle class and the poor. But this 3.5-class structure did not capture the changing nature of employment, income and wealth/political power; which more appropriately subdivides into America's socio-economic spectrum into nine classes. This is neofeudal, a term we use to describe a society and economy dominated by financialization and the apex of wealth and political power that wealth buys. The classes below this apex are either tax donkeys, Upper Caste technocrats serving the apex, or the lower classes that are bought off with social welfare and various modern iterations of bread and circuses.

 
Tyler Durden's picture

How BATS Will "Improve" The Market For Thinly Traded Stocks: Stop Trading Them





As Nanex's Eric Hunsader pointed out, while the well-paid HFT-lobbyists proclaim their rigging clients "knit together liquidity from all markets," it appears BATS' new CEO (since the lying old one left) disagrees. The exchange that caters significantly to the front-running HFTs believes it knows how to improve the market for thinly traded stocks... it will stop handling them.

 
Tyler Durden's picture

Why This Retail Earnings Season Is Different





“What’s going on is the customers don’t have the f***ing money. That’s it. This isn’t rocket science.”

 
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