Brazil

Tyler Durden's picture

Markets Drift Without Direction As Zombified BTFDers Unable To Frontrun Hawkish Fed





The bottom line is that unfortunately for the BTFDers, with the Fed no longer giving explicit buy signals with the "considerable time" language struck, and with an implicit economic upgrade suggesting a rate hike is still on the table, it is becoming increasingly more difficult to frontrun the Fed's "wealth creation" intentions.

 

 
Tyler Durden's picture

Meet The Extreme Super Rich: A List Of The 80 People Who Own As Much As The World’s Poorest 3.6 Billion





"Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen." There you have it. The reason the wealth of the richest has doubled since 2009, is because “it’s not a recession, it’s a robbery.” Central bank and government policy has done this, it is no accident.

 
Tyler Durden's picture

"Equities Will Be Devastated" Crispin Odey Warns, Looming Recession Will Be "Remembered For 100 Years"





"I think equity markets will get devastated," warns famed $12bn AUM hedge fund manager Crispin Odey in his latest letter to investors. Having been one of the biggest bulls of this particular central bank artificial-bull cycle, his dramatic bearish tilt (as we discussed what he thinks are the biggest risks underpriced by the market previously), is notable. Finally, Odey fears major economies are entering a recession that will be "remembered in a hundred years," adding that the "bearish opportunity" to short stocks looks as great as it was in 2007-2009.

 
Tyler Durden's picture

When A Soaring Dollar "Reflects Loss Of Investor Confidence And Is Potentially Devastating"





"The Ruble has fallen by 50% in a year. The price of oil has halved, the price of copper, iron ore and many other commodities has tumbled. The Swiss franc has been  de-floored and the uproar was huge. All random events, all part of a pattern. Financial markets are feeling the effects of a pick-up in volatility that has followed the end of Fed QE. While zero rates were augmented with Fed bond-buying, investors went around the world in search of higher yields, in all sorts or assets and currencies. Traders and investors of one kind or another resorted to leverage to reach the yield targets they needed to match their required investment returns. All of which was fine while the party went on forever, but now that it’s ending, the outcome is anything but fine."

 
Tyler Durden's picture

Remembering The Currency Wars Of The 1920s & 1930s (And Central Banks' "Overused Bag Of Tricks")





“No stock-market crash announced bad times. The depression rather made its presence felt with the serial crashes of dozens of commodity markets. To the affected producers and consumers, the declines were immediate and newsworthy, but they failed to seize the national attention. Certainly, they made no deep impression at the Federal Reserve.” - 1921 or 2015?

 
Phoenix Capital Research's picture

The $9 Trillion US Dollar Carry Trade is Blowing Up





The US Dollar rally, combined with the ECB’s policies are at risk of blowing up a $9 trillion carry trade.

 
 
Tyler Durden's picture

Gold, Dollar "Disruption", And Central Banks' Miscalculated Insanity





"It isn’t really about interest rates or “inflation”, obviously as gold is rising as inflation “expectations” dramatically sink here, so much as gold is insurance against central banks being wrong. That seems to be the common theme all over the world ever since June when the ECB placed its desperation and impotence on full display. Everything that has occurred since then has only confirmed the monetary illusion being exactly that, including the US and its central bank’s place at really the central point of the miscalculated insanity."

 
Tyler Durden's picture

Oil Dinosaurs Face Extinction: State Oil Companies And The Meteor-Strike Of Low Oil Prices





State-owned oil companies that don't slash expenses to align with revenues and boost critical investment in the infrastructure needed to maintain production will suffer financial extinction.

 
Bruce Krasting's picture

Ain't no Nino





Have we passed the tipping point for Brazil? We'll know in a few months.

 
Sprout Money's picture

CHF De-peg & The Gold Connection





Different elements are rapidly changing within the global monetary complex...

 
Tyler Durden's picture

Greece's Bailout Programs Are Not Working





Greece's bailout program is not working. After receiving hundreds of billions of Euros in new loans to stave off a sovereign default, Greeks are on the verge of electing a new government that may throw Eurozone politics into turmoil. How things will play out in Greece and abroad is anybody’s guess. But it is important to consider the factors which have contributed to the current state of affairs.

 
Tyler Durden's picture

Market Wrap: "It's Turmoil" - Overnight Gains Wiped Out, Futures Trade Below 2000 On SNB "Shock And Awe"





To paraphrase a trader who walked into the biggest FX clusterfuck in years, "it's total, unprecedented market turmoil."  So while the world gets a grip on what today's historic move by the SNB means, which judging by the record 13% collapse in the Swiss Stock Market shows clearly that the SNB market put is dead and the SNB may be the first central-banking hedge fund which just folded (we can't wait to see what the SNB P&L losses on its EURCHF holdings will be), here is what has happened so far for anyone unlucky enough to be walking into the carnage some 2 hours late.

 
Tyler Durden's picture

China Buying Up Latin American (And Russian) Oil





As the world’s number one energy consumer China is enjoying the low prices while they last. Never one to settle however, China is finding still more ways to take advantage of the dire straits gripping several oil producers...

 
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