fixed

Tyler Durden's picture

New Greek Proposal Backtracks To Pre-Referendum Draft, Does Not Request Debt Haircut - Full Text





There is nothing incrementally new or different to what we revealed earlier in the leaked Greek proposal (i.e., no actionable pension cuts, no debt "reprofiling") and as Bloomberg makes it all too clear in flashing red headlines:

GREEK GOVT PROPOSAL SIMILAR TO EU COMMISSION'S JUNE 26 PROPOSAL

... or the one which 61% of the Greek people said no to.

 
Tyler Durden's picture

3 Things: Correction, Interest Rates & Oil Prices





While yesterday's suspension of trading on the New York Stock Exchange drew attention to the plunge in equity prices, the reality is that stocks have been in a correction since the all-time highs posted back in May. Of course, until yesterday's headlines, you may not have realized that the correction was in process as it has been "as slow as a turtle running in peanut butter."

 
Phoenix Capital Research's picture

The Real Reason the EU Is Finished





When you shred democracy and the central tenants of a legal system in order to benefit the very few, it’s only a matter of time before the whole system collapses.

 
 
Tyler Durden's picture

Nasdaq Gives Up All "China & Greece Are Fixed" Gains, Dow 500-Point Pump-&-Dump





Who could have seen that coming? A US equity rally on the basis of an entirely manipulated Chinese stock market rally overnight and hope for a last minute Greek deal (dashed by calls for a massive EUR80billion bailout which zee Germans will never give in to). The Dow just experienced a 500-point-pump-and-dump as this morning's exuberant TV anchors are suddenly silenced by the reality that China and Greece matter after all...

 
Tyler Durden's picture

"Wall Street Has Been A World Of Pain Trades Since The End Of QE"





These mediocre asset returns disguise treacherous trading conditions in past six months. Indeed, Wall Street has been a world of Pain Trades ever since the Fed signaled the end of QE early last year. The end of Max Liquidity means the end of Minimum Volatility, and the lack of strong economic growth in recent quarters has caused the cyclical upside to asset prices to fade.

 
Tyler Durden's picture

Stocks Are Giving Up "China Is Fixed" Gains, Dow Drops Below 200DMA





Well that didn't last long...

 
Tyler Durden's picture

Fed's "Modest Proposal" To Boost US Growth: Issue More Debt





"I want to be clear at the outset that I am not saying that it is appropriate for fiscal policymakers to increase the long-run level of public debt. I am simply pointing to one benefit associated with such an increase: It allows the central bank to be more effective in mitigating the impact of adverse shocks to aggregate demand."

 
Tyler Durden's picture

China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge





The Shanghai Composite Index had dropped as much as 3.8% to a 4 month low before the news that the cops were going to arrest anyone who was caught "maliciously shorting stocks", when everything suddenly took off, and the SHCOMP closed  a "Dramamine required" 5.8% higher, the biggest daily increase since March 2009! Stocks around the globe followed, with US equity futures wiping out much of yesterday's losses and up 1% at last check.

 
Tyler Durden's picture

While We Were Offline - The Market Broke, Was Fixed (Stocks Slumped), & Broke Again





This morning we experienced an unprecedented surge in traffic which brought our servers to a grinding halt. We are happy to announce that we are now back up. In the meantime... a pre-emptive attempt at plunge protection (by breaking NYSE just like on Monday) failed as NYSE re-opens and stocks slumped. Seeing this, the NYSE decided to break again and stocks ripped...

 
Tyler Durden's picture

Will Greek "Hope" Offset "Limit Down" Contagion From The "Frozen" China Crash





Today's market battle will be between those (central banks) "hoping" that a Greek deal over the weekend is finally imminent (which on one hand looks possible after a major backpeddling by Tsipras - who may never have wanted to win the Greferendum in the first place - yesterday in Brussels and today during his speech in the Euro Parliament, but on the other will be a nearly impossible sell to Greece as any deal terms will be far harsher than the deal offered by the Troika 2 weeks ago and will have no debt reduction), and those who finally noticed that the Chinese central planners have effectively lost control.

 
Tyler Durden's picture

Meanwhile, In "Success Story" Portugal





No, this is not a line at an Athens ATM. It is a soup kitchen in Porto, Portugal...

 
Tyler Durden's picture

Russia Gloats: "Merkel's Misery Over Broken Europe Dreams"





"After the Greeks voted against accepting the latest demands from its creditors, Merkel is facing her worst nightmare: a possible Greek exit from the euro, a possible exit from the EU completely and loss of confidence in the currency itself.  Half of her was Merkel — the pragmatic economist, the other was Merkel — the great European. She has now discovered, in her vacillation, she has not shown the leadership expected of the most powerful woman in the European Union."

 
Tyler Durden's picture

The "Nightmare Of The Euro-Architects" Is Coming True: JPM Now Sees Grexit, Eurogroup "Split In Coming Days"





Perhaps the best summary - or epitaph, some would say - of the shocking events that took place in Greece this afternoon, and the resultant falling dominoes that are about to be unleashed, was given by Slovakia's finance minister Peter Kazimir, who summarized events as follows: "The nightmare of the 'euro-architects' that a country could leave the club seems like a realistic scenario after Greece voted No today."  So here is JPM's Malcom Barr with the bank's latest take on Greece which is that at this point, a Grexit is JPM's "base case"... and it only goes downhill from there.

 
Tyler Durden's picture

Did They "Fix" The US Economy?





The story of the "U.S Economic Recovery", who oversaw it, and how they f##ked "fixed" everything...

 
Phoenix Capital Research's picture

The Template for the End Game: Lies and Fraud Followed by Bail-Ins





This process will be spreading throughout the globe going forward. Indeed, the FDIC has proposed precisely the same “bail-in” program if a “systematically important financial institution” were to go belly-up in the US.

 
 
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