fixed

Tyler Durden's picture

Still Looks Like A Trap





“If the weather forecast suggests it might rain, wouldn’t you carry an umbrella?

 
Tyler Durden's picture

The Cult Of Central Banking Is Dead In The Water





So what is to be done, as Lenin once queried? In a word it is this. Fire the Fed. Attend to supply side policy. Let market capitalism do the rest. The cult of central banking is dead in the water.

 
Tyler Durden's picture

Russia And Saudi Arabia Locked In Relentless Fight Over China's Oil Market





Russia and Saudi Arabia have been (relatively) quietly fighting for market share in China ever since oil prices started their downward spiral in mid-2014 - now the battle is heating up, and teapot refineries are what could tip the balance.

 
Tyler Durden's picture

USDJPY Plunges As Dollar Drops To 11 Month Lows, Commodities Rise





Following yesterday's Yen surge in the aftermath of the disappointing BOJ announcement, the pain for USDJPY long continued, with the key carry pair tumbling as low as 106, the lowest level since October 2014 before stabilizing around 107, and is now headed for its biggest weekly gain since 2008, which in turn has pushed the US dollar to to its lowest close in almost a year as signs of slowing growth in the U.S. dimmed prospects for a Federal Reserve interest-rate increase. As a result, global stocks fell and commodities extended gains in their best month since 2010.

 
Tyler Durden's picture

Junk Economics: Michael Hudson Rages "Wall Street Has Taken Over The Economy.. & Is Draining It"





Everything that the classical economists saw and argued for – public investment, bringing costs in line with the actual cost of production – that’s all rejected in favor of a rentier class evolving into an oligarchy. Financiers in the 1% are going to pry away the public domain from the government and privatize it so that they get all of the revenue for themselves. It’s all sucked up to the top of the pyramid, impoverishing the 99%. “As long as you can avoid studying economics, you know what’s happened. Once you take an economics course you step into the brainwashing of an Orwellian world.”

 
Phoenix Capital Research's picture

The Dangerous True State of the Financial System Today





The system is now more leveraged, more in debt, and more fragile than it was in 2008.

 
Tyler Durden's picture

US Economy Grew At Just 0.5% In Q1, Missing Expectations, Lowest Growth Rate In Two Years





"Did the Fed have an advance glimpse at Q1 GDP?" That was a question everyone was asking yesterday when the Fed came out with another not too hawkish statement. The answer may have been yes because moments ago the BEA reported that the US economy grew at just a 0.5% annualized rate in the first quarter, missing expectations of a 0.7% growth rate, growing at half the rate recorded in the 4th quarter, and the lowest quarterly growth rate since Q1 2014 (when the winter was blamed for a negative print). It was also the third consecutive quarter of GDP declines.

 
Tyler Durden's picture

Global Stocks Plunge After Bank Of Japan "Shock"





Less than one week after the BOJ floated a trial balloon using Bloomberg, that it would reduce the rate it charged some banks which set off the biggest USDJPY rally since October 2014, we are back where we started following last night's "completely unexpected" (for everyone else: we wrote "What If The BOJ Disappoints Tonight: How To Trade It" hours before said "shock") shocking announcement out of the BOJ which did absolutely... nothing. "It’s a total shock,” Nader Naeimi, Sydney- based head of dynamic markets at AMP Capital Investors told Bloomberg. "From currencies to equities to everything -- you can see the reaction in the markets. I can’t believe this. It’s very disappointing."

 
Tyler Durden's picture

Futures Ignore Apple Plunge; Oil Rises Above $45 As Yellen Looms





For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over 7 hours until the FOMC reveals its April statement, futures are practically unchanged, even though the Nasdaq appears set for an early bruising in the aftermath of what is becoming a disturbing quarter for tech companies. Instead of tech leading, however, the upside has once again come from the energy complex where moments ago WTI rose above $45 a barrel for the first time since November after yesterday's unexpected 1.07 million barrel API inventory drawdown.

 
Tyler Durden's picture

Frontrunning: April 26





  • The Fed Is Meeting in April to Talk About June (BBG)
  • Global stocks, oil prices climb as investors ready for Fed (Reuters)
  • Apple Results to Show How Far iPhone Sales Have Fallen  (BBG)
  • On Election Eve for five states, Trump rips Cruz and Kasich (Reuters)
  • President Xi Jinping’s Most Dangerous Venture Yet: Remaking China’s Military (WSJ)
  • Oil's Recovery Inches Higher as 'Fracklog' Awaits Price Trigger (BBG)
 
Tyler Durden's picture

IIF Ruins The Party, Predicts Another $420 Billion In Chinese Capital Outflows This Year





According to the latest Institute of International Finance forecast, and in validation of Kyle Bass' strong conviction that China is about to suffer a major 15%+ devaluation, China's capital outflow headaches may be only just starting. According to the IIF's latest report released today, global investors are expected to pull $538 billion out of China's slowing economy in 2016, which means another $420 billion after the $118 billion that has already been withdrawn in Q1.

 
Tyler Durden's picture

As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck





With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week. China’s stocks rose the most in almost two weeks, up 0.6% but failed to rise above 3000 on the Shanghai Composite, in thin trading.

 
Tyler Durden's picture

"A Total Game Changer" - From Over-Population To De-Population





An economic and financial system premised on perpetual growth was bound to run into trouble. What happens as population growth turns to population decline is honestly and literally a complete and total game changer. A flat to declining number of buyers and consumers opposite ramping elderly sellers plus their unfunded liabilities is a problem with no happy resolutions. Currencies (what will constitute "money"), "free-markets", and perhaps the basis of civilization hang in the balance of the transition from high population growth to potential outright depopulation.

 
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