Phoenix Capital Research's picture

The Fuse on the Global Debt Bomb Has Been Lit

The $100 trillion global bond bubble has begun bursting.

Tyler Durden's picture

How To Determine If Your Fund Is At Risk Of Runs, Gating And Liquidation, In One Chart

In light of surging concerns about mutual and hedge fund fixed income (and soon other asset classes) "gating", "runs" or outright liquidation, Deutsche Bank has prepared the following infographic which summarizes the main choke points which predispose both open and closed-end funds to runs or outright shutdown.

Tyler Durden's picture

"Ferocious Surprises" Await Bonds Traders In 2016

It should be easy to at least get the direction of interest rate changes correct, most of the time.  Instead as we see in the chart here, professional money managers always get this wrong (and truth be told this pattern has been going on for many cycles).  The problem is just as bad when it comes to predicting stock price changes for the following year. While both risks in stock and bond markets are again smouldering in advance we focus our attention here on the knottier and more pertinent idea of the dispersion about interest rates expected for 2016.  In other words, what should this probability distribution of outcomes or errors best look like?

Tyler Durden's picture

If Washington Were Serious About Defeating Terrorism, It Would Have An Entirely Different Playbook

If the United States were truly serious about terrorism, it would start by gauging the level of threat properly and communicating that appraisal to the American people: We would also have a more honest and open discussion about our own role in generating it; we would now be having a frank discussion about the role of the media; we’d also see more creative efforts to discredit, marginalize, spoof, and embarrass the groups we oppose; and you’d see a more hardnosed approach to the various American “allies” who are part of the problem rather than being part of the solution.

Tyler Durden's picture

Cuomo, Schumer Unveil Cunning "No Guns For Dangerous Terrorists" Plan

In what is possibly the most inane political statement ever, U.S. Senator Charles Schumer and Governor Andrew M. Cuomo today announced a push to prevent known or suspected terrorists from purchasing guns in New York State. Schumer and Cuomo areasking the federal government to officially add the U.S. Terror Watch List to the criteria it uses for federal background checks in New York State, exclaiming "we need to move to close the Terror Gap once and for all."

Tyler Durden's picture

The End Of The Bubble Finance Era

We are nearing a crucial inflection point in the worldwide bubble finance cycle that has been underway for more than two decades. To wit, the world’s central banks have finally run out of dry powder. They will be unable to stop the credit implosion which must inexorably follow the false boom.

Tyler Durden's picture

About Those Hedge Fund Performance And Management Fees

As many hedge funds are getting “crushed” this year it has become fashionable to bash the industry’s entire fee structure…typically [but not always] 2% management fee & 20% of profits. Obviously, there won’t be too many 20% profit distributions to the portfolio management teams this year but the 2% management fee has been/will be applied. And that may “piss off” some people.

Tyler Durden's picture

Market Panics As "China's Warren Buffett" Detained In "Richter Scale 9 Event"

China’s sweeping crackdown on sellers, “manipulators”, frontrunners, financial journalists and anyone else “suspected” of acting in such a way as to sow fear and uncertainty in the wake of the dramatic meltdown in Chinese equities that unfolded over the summer has ensnared money managers, high profile executives, and government officials alike. Earlier this week, it reached a crescendo with the disappearance of Guo Guangchang, known to some as “China’s Warren Buffett. We now have a bit more in the way of color regarding Guo’s detention and sure enough, he’s being “held in connection with an investigation.”

George Washington's picture

Why Liberals Oppose a Gun Ban for People On Terror Watchlist

Everyone Agrees that We Need to Stop Mass Shootings ... But This ISN'T the Way to Do It

Tyler Durden's picture

The Flaws In "Basic Income for Everyone"

Finland made the news recently by proposing a pilot program of guaranteed income for all, also known as Universal Basic Income: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens. Proponents claim Basic Income can be paid by redirecting existing welfare programs, but a quick review reveals this as nonsense.

Tyler Durden's picture

Crushing The Auto-Makers' Dreams (In 2 Depressing Charts)

Earlier this morning we got another glimpse of reality behind the smoke-and-mirrors, mainstream-media-sponsored last-pillar-standing lovefest that is US auto sales when the business sales data showed a disheartening tumble in sales in October. So where are all the sales going that automakers report? The answer is simple... (and painful).

EconMatters's picture

UFC 194 as Good as it Gets for Fight Fans

The UFC is going to have to make some changes if they are going to take their sport to the next level; promoting women fighters in bikinis can only fool the sports buying public for so long.

Sprott Money's picture

Seeking a Saviour

If we have a saviour, it is the person in the mirror. If we are to be saved, we alone must do the research, make the plans, vote with our feet and establish our own liberty.

Tyler Durden's picture

A Whole Lot Of New Lows For A "Market" Near Its High

While the major indexes remain within arm’s length of their 52-week high, the number of stocks hitting new lows is piling up.

Tyler Durden's picture

The Screaming Fundamentals For Owning Gold

Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.

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