ETC

Tyler Durden's picture

Markets Vs Economy - The Great Disconnect





So, while the markets have surged to "all-time highs," the majority of Americans who have little, or no, vested interest in the financial markets have a markedly different view. Currently, mainstream analysts and economists keep hoping with each passing year that this will be the year the economy comes roaring back but each passing year has only led to disappointment. Like Humpty Dumpty, all the Fed stimulus and government support has failed to put the broken financial transmission system back together again. Eventually, the current disconnect between the economy and the markets will merge. Our bet is that such a convergence is not likely to be a pleasant one.

 
Tyler Durden's picture

Trickle-Down QE





Everyone’s heard of trickle down economics, but how about “trickle down QE”? Here’s Citi to explain how a hypothetical credit strategist will visit your fictional office and use the concept of trickle down QE to convince an imaginary you to go long euro HY credit via synthetic exposure to Crossover mezz tranches (you can’t make this stuff up)...

 
Tyler Durden's picture

Oil's "Surprise" Collapse: It's The Demand, Stupid





Either all futures market participants are comically inept or demand is the variable that shifted hard. Those are the only two possibilities.

 
George Washington's picture

Worst Spying In World History – Worse Than Any Dystopian Novel – Is Occurring RIGHT NOW





NSA Spying Worse than Stasi or Nazi Germany, J. Edgar Hoover … Or Orwell’s 1984

 
Tyler Durden's picture

War And Petroleum Reserves





We would do well to consider the possibility of war strategies when it comes to the global stockpiling of petroleum reserves. In the years leading up to the German invasion of Poland, the world witnessed dramatic decreases in the price of oil as well as massive increases in petroleum inventories, especially as the Texas fields began to produce. These shifts in the global oil markets ran parallel to the deflation which had begun in October, 1929, and as such, we can see the same pattern repeating today as oil prices collapse, inventories are growing, and world wide deflation is deepening.

 
Phoenix Capital Research's picture

A Financial House of Cards Held Together By Lies and Fraud





Fraud is endemic in the financial system today. We know that the currency, stock, bond, and even commodity markets have ALL been manipulated by Investment Banks or Central Banks.

 
Tyler Durden's picture

Are You Ready For Total Currency War?





Right now there is a world war taking place right in front of us but all we see on cable news are the nightly military skirmishes on the periphery of the conflict. The real war is economic, financial and currency related and the empire is already over-extended in debt, military operations and financial manipulation. Surely the near-term dollar strength is evidence that while defeat is not imminent and that all markets can be manipulated for a season, ultimately real global market forces will prevail. Just remember that all empires eventually become over-extended financially, economically or militarily and the consequences of retribution and blowback are real and deadly to innocent populations.

 
Tyler Durden's picture

"We Messed Up Badly" Lenovo Admits Putting Tracking Software On Your PC





Meet SuperFish - Lenovo's, the world's largest computer manufacturer, pre-installed, image recognizing tracking software that monitors everything you do, and breaches web security... all for the purpose of pushing more ads in your face. After its initial approach of being completely unapologetic and dismissal, Lenovo is now groveling for forgiveness. The company’s Chief Technology Officer now says, “We messed up badly here,” and “We made a mistake.”

 
Tyler Durden's picture

3 Things - Forward Estimates, Valuations vs. Returns, Told You So





The real issue here is that economic weakness is likely much greater than headline statistics, and the vast majority of mainstream economists, actually suggest.  Furthermore, as we have repeatedly stated in the past, the ability for the U.S. economy to withstand the global storm of deflation is vastly limited. It will be interesting to see what the Federal Reserve does next.

 
Tyler Durden's picture

Greece And The Endgame Of The Neocolonial Model Of Exploitation





With the bankruptcy of Greece now undeniable, we've finally reached the endgame of the Neocolonial-Financialization Model. There are no more markets to exploit with financialization, and the fact that the mountains of debt are unpayable can no longer be masked. At this point, the financial Aristocracy has an unsolvable dilemma: writing off defaulted debt also writes off assets and income streams, for every debt is somebody else's asset and income stream. When all those phantom assets are recognized as worthless, the system implodes.
 
Tyler Durden's picture

Meet IETA: Greece's "State Of The Art" Euro Printing Facility





While the ECB is responsible for determining the euro-zone's supply of bank notes, it doesn't actually print them; instead it outsources the work to central banks of a few euro-zone countries (one of which is Greece). As WSJ reports, the Greek central bank's bank-note printing facility is called IETA. Built in 1941, the Attica plant today is outfitted with "state-of-the-art machinery," and has been responsible for printing batches of €10 notes, according to the ECB. One wonders how tempted the Greeks will be to take matters into their own ink-stained hands, should the ECB/Germany/Eurogroup pull the plug without acquiescing to their non-ultimatum "take it or leave it" offer...

 
Tyler Durden's picture

No Economy Is An Island





"Is it possible, in a global economy in which the United States' principal competitors are experiencing slow growth, disinflation or deflation, wage stagnation or slowing of wage growth, and slumping currencies relative to the US$, that the U.S. economy can be an island of relative prosperity unto itself?" (Spoiler Alert: No!)

 
Phoenix Capital Research's picture

Central Bankers' Worst Nightmares Are Unfolding in Greece





The dark truth about the Greek debt negotiations that Central Banks have been trying to hide.

 
Reggie Middleton's picture

When Everybody Thinks They're Right, They're Almost Guaranteed to be Wrong! I Think This Is The Biggest Bubble In World History





But guess what? It's really, really, really different this time! In this one short post, there's more than enough indisputable evidence of a bubble than anyone can justifiably ignore.

 
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