• Phoenix Capital...
    07/11/2014 - 11:24
    So… just WHO actually has a CLUE about the true state of the banks in Europe? More importantly, who will actually bother WARNING investors about the risks therein?  
  • hedgeless_horseman
    07/11/2014 - 16:58
    No signal lights, bank alarms, stores are being robbed for anything of value. You move to your trunk and get you Bug Out bag and start heading home, the best way you know.

Australia

Tyler Durden's picture

Futures Tread Water As Geopolitical Fears Added To Momentum Collapse Concerns





Futures are treading water once more now that Ukraine has stormed to center stage from the backburner after everyone was convinced Putin would let the situation cool off after annexing Crimea. Guess not. Adding the renewed geopolitical jitters to what has already been a beta stock bloodbath into a holiday shortened week assures some high volatility fireworks. Cautious sentiment was observed over in Asia (Nikkei 225 -0.36%) amid renewed fears that geopolitical tensions in Ukraine will flare up again following reports of exchange gunfire with pro-Russian militants. This sentiment carried over into the European session with stocks lower across the board (Eurostoxx50 -0.71%). EUR is lower after ECB’s Draghi said any further strengthening of the EUR would warrant further action by the ECB, including non-standard measures such as quantitative easing - it is amazing how frequently and often the Virtu algos still fall for Draghi's jawboning trick which has now become all too clear will never be implemented and certainly not if he keeps talking about it daily, as he does.

 
GoldCore's picture

Bail-In Regime Facing Increasing Opposition In EU





The EU agreement on a common rulebook for handling bank failures, including bail-ins, is in danger of unravelling over the fine print restricting when a state can intervene to rescue a struggling bank. It is important to realise that not just the EU, but also the UK, the U.S., Canada, Australia, New Zealand and most G20 nations have plans for depositor bail-ins ...

 
Capitalist Exploits's picture

But It Says So on Facebook!





Why a stranger on Facebook is not a source of a good deal flow?

 
George Washington's picture

Will We Demand the Inexpensive Fix Which Will Prevent Armageddon … Or Focus On Over-Blown Dangers?





Public Service Annoucement:  The Most Likely Armageddon Threat … Preventable for a Small Amount of Money

 
Tyler Durden's picture

Frontrunning: April 8





  • Russia's Gazprom says Ukraine did not pay for gas on time (Reuters)
  • Ukraine Moves to Keep Control in East (BBG)
  • Banks Set to Report Lower Earnings as Debt Trading Slumps (BBG)
  • More DeGeners and Obama selfies needed: Samsung's lower first-quarter estimate highlights smartphone challenges (Reuters)
  • Citi Is Bracing to Miss a Profit Target (WSJ)
  • Another slam from GM? Safety group calls for U.S. probe of Chevy Impala air bags (Reuters)
  • Japan drugmaker Takeda to fight $6 billion damages imposed by U.S. jury (Reuters)
  • EU court rules against requirement to keep data of telecom users (Reuters)
  • White House may ban selfies with president after Ortiz-Obama photo promotes Samsung (Syracuse)
 
Tyler Durden's picture

Asian Stocks Tumble After China, Japan Disappoint On Additional Stimulus





The last time global equity markets were falling at this pace (on a growth scare) was the fall of 2011. That time, after a big push lower, November saw a mass co-ordinated easing by central banks to save the world... stock jumped, the global economy spurted into action briefly, and all was well. This time, it's different. The Fed is tapering (and the hurdle to change course is high), the ECB balance sheet is shrinking (and there's nothing but promises), the PBOC tonight said "anyone anticipating additional stimulus would be disappointed," and then the BoJ failed to increase their already-ridiculous QE (ETF purchase) programs. The JPY is strengthening, Asian and US stocks are dropping, CNY is weakening, and gold rising.

 
Pivotfarm's picture

Dark-Pool Trading Danger





What is there in this world that is transparent? Is there anything left? You just need to take a look around you. The growing number of corruption cases, the people that embezzle, fraudulently take, borrow, beg and steal at whim.

 
Tyler Durden's picture

Key Events In The Coming Week





There is a reasonably quiet start to the week before we head into the highlights of the week including the start of US reporting season tomorrow, FOMC minutes on Wednesday and IMF meetings in Washington on Friday. On the schedule for today central bank officials from the ECB including Mersch, Weidmann and Constancio will be speaking. The Fed’s Bullard speaks today, and no doubt there will be interest in his comments from last week suggesting that the Fed will hike rates in early 2015.

 
Tyler Durden's picture

Soaring Chinese Gold Demand And Its Geopolitical Strategy





Analysis of the detail discovered in historic information in the context of China's gold strategy has allowed us to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand. We believe that China is well on the way to having gained control of the international gold market, thanks to western central banks suppression of the gold price, which accelerated last year. For its geopolitical strategy to work China must accumulate large quantities of bullion... it appears well on its way to dominance of the physical gold markets.

 
GoldCore's picture

“Bail-In” Risk High In Banks - New Rating Agency





The risk that creditors, savers and bondholders, rather than taxpayers will bear the brunt of rescuing a bank in trouble form part of the first credit ratings given to 18 of Europe's biggest banks yesterday by new ratings agency, Scope.

 
Tyler Durden's picture

"Best Month For Stocks" Begins With Modest Overnight Futures Levitation





Among the key overnight events was the February Euro area unemployment report, which was unchanged at 11.9%, lower than the 12% median estimate; in Italy it rose to a record 13% while in Germany the locally defined jobless rate for March stayed at the lowest in at least two decades Euro zone PMI held at 53 in February, unchanged from January and matching median estimate in a Bloomberg survey HSBC/Markit’s China PMI fell to 48 in March, the lowest reading since July, from 48.5 in February; a separate PMI from the government, with a larger sample size, was at 50.3 from 50.2 the previous month NATO foreign ministers meet today to discuss their next steps after Putin began withdrawing forces stationed on Ukraine’s border Gazprom raised prices for Ukraine 44% after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.

 
Tyler Durden's picture

Why Did BRICS Back Russia On Crimea?





The BRICS’ support for Russia shows the Western-dominated post-Cold War order is eroding.

 
Tyler Durden's picture

Mark Faber: The Old World Order Is Over





"The US reached a peak in prosperity and influence in the world in the 1950s or 1960s," Marc Faber explains to an Australian audience at the recent World War D conference; but since the 70s the superpower has been locked into a cycle of bubbles, busts and growing debt. "There are some people who claim to be economists who will tell you debts do not matter," but the real story is different, he warns. "When you drop dollar bills into the economy... it won't lift all prices and assets equally at the same time," Faber explains, "in the 60s and 70s, extra money flowing through the economy inflated wages; in the early 2000s, money printing inflated commodities;" but, the Gloom, Boom, & Doom Report editor points out, this price and asset growth is never equal, warning that "we live in a new word... where the old world order is largely bypassed."

 
Marc To Market's picture

ECB and US Jobs Dominate the Markets Next Week





The start of Q2 2014.  US economy to strength.  Japan's to weaken.  Euro-area is barly growing, while the UK continues apace.   

 
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