Australia

Tyler Durden's picture

The 'Market State' Prediction Went Terribly Wrong





"In retrospect the idea that an increasingly internationalized political elite would automatically remain faithful agents of their own populations should have rang alarm bells." Who are the internationalized political elite faithful too?

 
Tyler Durden's picture

Why Helicopter Money Can't Save Us: We've Already Been Doing It For 8 Years





"The most eye-catching of [fiscal stimulus] views is a call to deploy ‘helicopter money’, which we define as monetary financing of fiscal deficit. However, this argument is misleading. Surely this has already been implemented in many developed countries through QE. Why bring it up now despite it has been already deployed?"

 
Tyler Durden's picture

"The Iron Ore Market Has Gone Berserk" - What Drove Iron's Biggest Surge Ever





'Efficient' markets at their very best once again. Following a 19% spike overnight, analysts and traders alike are stunned by "the departure from fundamentals" as "the iron ore and steel markets have gone berserk." On the heels of home price surges, sent soaring after government suggestions that they will support growth, "investors are expecting further monetary easing by the Chinese government to boost steel demand," but as Bloomberg notes there has been no "corresponding increase in physical orders."

 
Tyler Durden's picture

Futures Lower On Lack Of China Stimulus; Oil Squeeze Continues; Gold Spikes Ahead Of ECB





In the aftermath of last week's disappointing G-20 Shanghai summit, there was much riding on this weekend's start of the China's People's Congress, and specifically what if any stimulus announcement Beijing will make; sadly for stimulus addicts China mostly disappointed and after the unimaginative scope of growth proposals, it is hardly surprising that European stocks and US equity futures have taken a leg lower.

 
Tyler Durden's picture

Shorts Pulverized: Iron Ore Soars Most On Record After Goldman Says "Bearish Case Intact"





Just hours after Goldman Sachs issued a report in which it said the iron ore rally is likely to be short lived "in the absence of a material increase in Chinese steel demand, and steel raw materials will once again drive steel prices rather than the other way around", overnight Iron Ore futures traded on the Singapore SGX exploded as much as 19% higher to $58.95 in one session, its biggest jump on record.

 
Tyler Durden's picture

Visualising America's "Irrelevant" Exports & Imports





The U.S. Census Bureau recently released its data on U.S. trade in goods by selected countries and world region for 2015. Based on the data, the U.S. exported over $1.5 trillion and imported over $2.2 trillion in goods throughout 2015. This leaves leaves the U.S. with a negative balance of $735 billion! So the next time someone comes on TV and proclaims that the collapse in world trade volumes is irrelevant to the US equity market and US economy... perhaps point them in this direction.

 
Tyler Durden's picture

Asian Surge Continues As Rally Stalls In Europe; S&P Futures Unchanged





While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European stocks have as of this moment halted their longest rally since October (Stoxx -0.1%) and U.S. index futures are little changed. Oil slipped from an eight-week high despite yesterday's massive rise in US oil inventories on hopes Saudi Arabia may be forced to cut production as its budget strains grow actue and the kingdom is forced to seek a $10 billion loan, its first material borrowing in a decade.

 
Tyler Durden's picture

Chesapeake Founder Aubrey McClendon Dies In Car Crash One Day After Federal Indictment





Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at a high rate of speed he crashed while driving on a two-lane highway and was engulfed in flames.

 
Tyler Durden's picture

What Savers Do Under NIRP - The "Perversely Negative" Impact Of Going Negative





Around 40% or people who would respond to negative rates said that they would hoard cash. The risk is that this negative sentiment will infect the real economy, serving to depress spending. If so, the danger is that NIRP will have an impact on economic growth that is not merely non-linear, but perversely negative.

 
Tyler Durden's picture

Furious Rally Fizzles Overnight As Futures Follow Oil Lower





Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.

 
Tyler Durden's picture

Terminal American Apathy - A Population Perfectly Ripened For Authoritarian Control





When considered carefully, apathy - American apathy - is a serious crime. A crime against world humanity. The checks and balances by humans on Empire are permissively missing in empirical America. Americans are thus complicit in the further daily destruction of the remaining world they wish to know little about. When the dust of the oncoming rampage of history has settled over the folly of this American empire, guilt for its accumulated horrors will sit squarely on the American people’s heads, as much as the shoulders of their obviously treasonous politicians.

 
Sprott Money's picture

Ask The Expert - Grant Williams





Your view of finance will never be the same again.

 
Tyler Durden's picture

Aussie Housing Bubble Bursts - Building Approvals Crash Most In 4 Years





Having admitted to entirely 'cooking the books' with its jobs data, it appears Australian authorities are going full kitchen-sink and 'allowing' all the dismally honest data out to the market (we assume in some desperate PR need to justify their next monetary policy experiment). Building Approvals fell 7.5% MoM in January, crashing 15.5% YoY (5 standard deviations below expectations)  - the biggest drop since April 2012 (and the 3rd month in a row of declines).

 
Tyler Durden's picture

Electric Car War Sends Lithium Prices Sky High





With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s no wonder everyone’s bullish on this golden commodity that promises to become the ‘’new gasoline”.

 
Tyler Durden's picture

"Another Crisis Is Certain", Warns Former BOE Chief





"Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced. There seems little political willingness to be bold, and so perhaps we should fear that the size of the ultimate adjustment will just go on getting bigger."

 
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