• Tim Knight from...
    12/21/2014 - 09:37
    The five remaining equity bears on Earth are all saying the same thing: "We'll get 'em in 2015." To which I ask: why? What's going to change?

British Pound

Tyler Durden's picture

Russia's Monetary Solution





The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies. The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course. It would be a schism in the world's dollar-based monetary order.

 
Tyler Durden's picture

China Aims For Official Gold Reserves At 8500 Tonnes





"China should accumulate 8,500 tonnes in official gold reserves - more than the US... Gold is money par excellence in all circumstances and will help support the renminbi to become an international currency as gold forms the very material basis for modern fiat currencies"

 
Tyler Durden's picture

Frontrunning: November 4





  • Republicans expect gains, but many races close on election day (Reuters)
  • Ahead of tough election, White House blames dismay with Washington (Reuters)
  • On Election Day, a Tale of the Young and the Old (WSJ)
  • Because the recovery: Sprint to Cut 2,000 Jobs as Mobile Customers Keep Leaving (BBG)
  • Ukraine's rebel leader is sworn in, crisis deepens (Reuters)
  • Brilliant: Burkina Faso Army Promises Religious Leaders It Will Step Down (BBG)
  • More Unknowns Leave Central Banks Facing Greater Internal Strife (BBG)
  • Scapegoat found: IBM to Change Leadership at Global Services Unit (WSJ)
  • Explains why Europe just slashed its GDP forecast: Don’t Be Fooled by Warm Spell as Cold Air About to Return (BBG)
 
Tyler Durden's picture

A New Age Of IMF Bailouts – Great Britain In The 1970s





Hearing of IMF interventions generally conjures up images of developing nations (and the occasional Eurozone peripheral economy of late) facing some kind of financial difficulty. But it was actually Great Britain, the cradle of the industrialized world, which in 1976 became one of the first countries ever to be "bailed out" by the IMF in the modern sense of the term.

 
Tyler Durden's picture

Europe & China Start Direct Trading In Euros & Yuan As De-Dollarization Expands





De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to "isolate" the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with smaller trade partners. On the heels of Western pressure, Russia and China were forced closer together and de-dollarization accelerated from Turkey to Argentina as an increasing number of countries around the world realize the importance of this chart. However, things are about to get even more dramatic. As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency in a "fresh step forward in China’s yuan internationalization." With civil unrest growing on every continent and wars (proxy or other) at tipping points, perhaps, just perhaps, the US really does want rid of the weight of the USD as a reserve currency after all (as championed here by Obama's former right hand economist)... now that would be an intriguing 'strategy'.

 
Tyler Durden's picture

Frontrunning: September 25





  • Apple CEO Cook Goes From Record Sales to IPhone Stumbles (BBG)
  • Deal With Saudis Paved Way for Syrian Airstrikes (WSJ)
  • Drone delivery: DHL 'parcelcopter' flies to German isle (Reuters)
  • Tory Burch Hires Ralph Lauren Veteran as Co-CEO (WSJ)
  • Apple releases iOS 8 workaround to fix dropped cell service (Reuters)
  • Ukraine Probes Ex-Minister Over $3 Billion Russian Bond (BBG)
  • Goldman Sachs-Led Group Near Deal to Buy Messaging Startup Perzo (WSJ)
  • U.K. Seeks to Criminalize Manipulation of 7 Benchmarks (BBG)
 
Tyler Durden's picture

Frontrunning: September 23





  • U.S., backed by Arabs, launches first strikes on fighters in Syria (Reuters, BBG)
  • But not all all back: Turkey Bars Kurds From Entering Syria to Fight Islamic State (BBG)
  • Dollar Weakens on Airstrikes; Europe Stocks Drop (BBG)
  • Ready for Rate Riot? Emerging Markets Set to Follow Fed (BBG)
  • White House fence jumper had ammunition, machete in car, prosecutors say (WaPo)
  • El-Erian "would have done things differently" (Reuters)
  • Eurozone business growth slows in September, PMI survey finds (BBC)
  • Shrinking Bond Desks Taken by Journeymen as Masters Fade (BBG)
  • Manufacturing Rebound Relieves Growth Concerns in China (BBG)
  • Former Trader Quits Playboy Club to Open Own Restaurant (BBG)
 
Tyler Durden's picture

BofAML Repeats Art Cashin's Concerns Of A September Seasonal Slump





Having cautioned investors this morning of the historical tendency for market reversals on September 22nd after hitting all-time highs, UBS' Art Cashin's warning has been echoed by BofAML's Macneil Curry who notes risk assets are set to correct as negative seasonals dominate the S&P500 this week. This is bullish for Treasuries, Curry adds. "Crazy?  Maybe, but forewarned is forearmed," as Cashin concludes.

 
GoldCore's picture

Scotland Says "No" - Pound Remains Vulnerable To Currency Crisis





Given the scale of indebtedness in the UK and still very high current account deficit, the pound remains vulnerable to a currency crisis. George Soros and others may still be sizing up another opportunity to break the Bank of England. Another run on the pound has been postponed ... for now ...

 
smartknowledgeu's picture

Do NOT Let the "Strong" Dollar Illusion Lead Your Wealth Preservation Strategies Astray





Is the US dollar really strong now? We explain why your measuring stick can massively distort your perception away from the reality of facts and truth.

 
Tyler Durden's picture

On The Cusp Of Exposing The Full Iceberg





The current environment is distinct from the period of 2009-2013 when governments and central banks were quasi-coordinated in providing gargantuan amounts of stimulus, and when the geo-tensions were only chirping modestly. This year, governments and central banks have focused more generally on domestic issues. This is good in theory, but it has splintered coordination into a quasi-fracturing of the global monetary system. Diverging policies serve as a trigger for capital flow movements. They are shaking the foundation of capital markets, which in turn is causing second order effects like a mini-contagion. Amplified volatility in FX and commodity markets are warning signs. They appear on the cusp of spilling more broadly into other markets, exposing the full size of the iceberg.

 
Tyler Durden's picture

British Pound Collapses To 10-Month Lows





We warned here that the "Yes" vote for Scottish Independence was a "high risk" event, and as we noted earlier, with polls indicating its a high probability and 'English' leadership in full panic mode, it is perhaps not surprising that the British Pound opened down 160pips at 10-month lows... (a 500 pip drop in 3 days)... But, didn't the clever people on TV tell us 'it was priced in'?

 
GoldCore's picture

Scotland's Independence Risk Sees British Pound Dive





Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September. 

While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and also more general macro uncertainty in the regional economic and monetary system.

 
Sprout Money's picture

Message from Top Managers: “Prepare for Turmoil”





If the market signs are blurry, your best option is to look at what the top investors are doing.

 
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