Black Swans

Tyler Durden's picture

'Father Of Modern Finance' Warns "Central Banking Is Like Pornography - Not The Real Thing"





"Everyday we read headlines on what the central banks are doing. But their policies don’t have any effect. They are just like treading water. All the central banks are doing is substituting one form of debt with another form of debt... I think it means the business of central banks is like pornography: It’s not the real thing."

 
Tyler Durden's picture

Meanwhile, Traders Are Getting Angrier With Every Passing Day





"We’re condemned to serial bouts of severe volatility having been trained to dismiss real and knowable risks as just improbable black swans....  Central banks can’t keep giving markets everything they want, or the volatility in the end will be catastrophic"

 
Tyler Durden's picture

One Trader Finally Loses It





"A portfolio built to only withstand stress thanks to central bank intervention is one destined to blow-up spectacularly."

 
Tyler Durden's picture

China Warns Officials: Allow Social Unrest, Lose Your Job





Following protests by disaffected coal miners in the "gritty" streets of Shuangyashan, Beijing is out with a stark warning for Party officials: suppress demonstrations and social unrest, or lose your job. 

 
Sprott Money's picture

Chang and Eng – The US and Canada





Just as with Siamese twins, it’s a risky proposition for one country to have too much dependency on another.

 
Tyler Durden's picture

"Don't Take The Public For Fools!": China Hides Millions Of Layoffs, Jails Miners Protesting Unpaid Wages





What do you do when you need to lay off a few million people but you don't want to hurt your goalseeked unemployment rate? You tell miners to hand in their picks and you promptly give them mops and a 66% pay cut. If they protest, you throw them in jail. If they storm the castle, you start shooting.

 
Tyler Durden's picture

The Lego Movie Economy





After the February jobs report, President Obama said “America’s pretty darn great right now.”  He then went on to disparage the “doomsday rhetoric” of the Republicans, which he said was pure “fantasy. I think that there is a good chance that this will enter the Hall of Fame of miss-timed statements, right up there with this jewel from Ben Bernanke in March 2007:  “At this juncture, however, the impact on the broader economy and financial markets of the problems in the sub-prime market seems likely to be contained.”

 
Tyler Durden's picture

Voting To Destroy The Establishment





Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.

 
Tyler Durden's picture

Traders Are Throwing Up All Over This Market: "It Feels Like The Algos Are Hooked Up To Tinder"





"No one is trading unless they have to or have microwave circuits for brains.... the system’s foundation rests on a presumption of their expertise. It’s what allows the leaps of faith necessary for financial transmission functions to work. Grand experiments, like the insanity of negative rates, are seen merely as the latest in making it up as you go along."

 
Tyler Durden's picture

One Of The Biggest High Frequenecy Traders Warns Of Potential Market "Catastrophe"





The head of one of the biggest high-frequency trading companies has warned that there are several faultlines in the structure of increasingly electronic, automated financial markets that could lead to a “catastrophe” in the long run. "We’re creeping in the right direction, but unless we proactively address these issues, sometime in the next several decades we are going to experience a catastrophe due to runaway computerised trading,” Tower Research's Mark Gorton said.

 
Tyler Durden's picture

A Norwegian Gold Allocation Would Counter Sovereign Incompetence Risk





Many believed that the NOK was backed by oil, not requiring a gold reserve. However, oil is no longer a scarce resource but an abundant commodity. Switzerland, Germany, America and other first world nations have gold reserves. Norway should have one too.

 
Tyler Durden's picture

Oil, War, & Drastic Global Change





The consequences of all this will be felt all over the world, and for a long time to come. All of our economic systems run on oil, so many jobs are related to it, so many ‘fields’ in the economy, and no, things won’t get easier when oil is at $20 or $10, it’ll be a disaster of biblical proportions, like a swarm of locusts that leaves precious little behind. Squeeze oil and you squeeze the entire economic system. That’s what all the ‘low oil prices are great for the economy’ analysts missed (many still do). Entire nations will undergo drastic changes in leadership and prosperity.

 
Tyler Durden's picture

Guest Post: 2016 - Year Of The 'Epocalypse'





As the towering forces that are prevailing against failing global economic architecture and the pit of debt beneath that structure, as laid out below, it is clear that the 'Epocalypse' - encompassing the roots "economic, epoch, collapse" and "apocalypse" - is here, and it is everywhere. The Great Collapse has already begun. What follows are the megatrends that will increasingly gang up in the first part of 2016 to stomp the deeply flawed global economy down into its own hole of debt.

 
Tyler Durden's picture

Hedge Fund AUM Falls By Most Since Crisis As Desperate Managers Cut Fees To Keep Clients





“If you’re pushing for lower management fees to save minimal basis points on a fund where you are unhappy with performance, as a fiduciary, you have to decide whether you want to keep that fund at all.”

 
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