- Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
- Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
- The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
- Oil Producers Lock In Once-Snubbed Prices (WSJ)
- Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
- 11,000 jobs at risk as BHS teeters on brink (The Times)
- Global stocks, dollar and oil cool ahead of Doha meeting (Reuters)
- Oil Falls Before Doha as Global Markets Brace for Weekend Risk (BBG)
- China Growth Slows; Revival Policies Appear to Gain Traction (WSJ)
- White House hopefuls Clinton, Sanders joust in Brooklyn brawl (Reuters)
- Trump talks up 'New York values' as protesters demonstrate against him (Reuters)
- Sanders Can’t Clarify Wall Street Plan in Testy Clinton Debate (BBG)
- Global Stocks Bounce Back After Market Selloff; Asia Stumbles (WSJ)
- New Hampshire Bucks the Establishment to Back Trump and Sanders (BBG)
- Trump shows his U.S. presidential bid is no mere publicity stunt (Reuters)
- Clinton Is Outdone by a Competitor Once Considered a Fringe Candidate (WSJ)
- Deutsche Bank Jumps as Lender Said to Consider Bond Buyback (BBG)
- Bank Executives Leading Surge of Insider Buying Amid Stock Rout (BBG)
"This Is Much Larger Than Subprime" - Here Are The Legendary Hedge Funds Fighting The Chinese Central BankSubmitted by Tyler Durden on 01/31/2016 21:57 -0400
Who are the brave souls who have decided to very openly fight the People's Bank of China? Here is a sample: Soros, Bass, Ackman, Druckenmiller, Tepper, Schreiber, Einhorn, Scogging, and Carlyle, Nexus and many more.
Things are looking increasingly shaky for central planners around the globe.
Today, another Texas-based hedge fund manager who just like Kyle Bass correctly predicted, and profited from, the subprime crisis, Corriente Advisors' Mark Hart, has not only reiterated Kyle Bass CNY devaluation call, but has gone as far as quantifying by how much the Chinese currency will have to fall. Cited by Bloomberg, Hart has said that "China should weaken its currency by more than 50 percent this year."
Needless to say, these names are just the beginning: once the redemptions - and gating - genie is out of the bottle, there is no putting it back.
“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey
It was recently written in the Washington Post that many Shia Iraqis harbor the conspiratorial belief the US created the Islamic State to destroy Iraq. Conspiracy theory becomes conspiracy fact.
We won't be shocked if the Fed actually follows through and hikes rates this week. If they put off hiking every time the market has a little hissy fit, they’ll never get off zero. On the other hand, the stress in markets right now is real and growing. Raising interest rates doesn’t seem likely to improve those conditions. With a riot in the junk bond market, a complete lack of inflation and an already weakening economy, we won't be shocked if they pass either. For the first time in years, it appears people are actually worried about people being worried.
- Futures down sharply as oil hits seven-year low (Reuters)
- Oil slides to new seven-year low as IEA warns of worse glut (Reuters)
- But... but... they all said... Cheap Oil Gives Little Help to U.S. Spending (WSJ)
- Disappearances in China Highlight Ruling Party Detention System (BBG)
- China’s Credit Rebounds as Stimulus Helps Boost Loan Demand (BBG)
- Junk Fund’s Demise Fuels Concern Over Bond Rout (WSJ)
- Anti-Trump Effort Launches Super PAC (WSJ)
- Muslims decry Trump's proposal to keep them out of US (AP)
- Debate Heats Up Over No-Fly List, Gun Sales (WSJ)
- OPEC Takes Down Oil Majors as Lower-for-Even-Longer Kicks In (BBG)
- Chinese Companies Are Trapped in IPO Logjam (WSJ)
- Republican Ted Cruz vaults into first place in new Iowa poll (Reuters)
Enter The Donald. His popularity is traceable to the fact that he rejects the moral authority of the media, breaks their commandments, and mocks their condemnations. His contempt for the norms of Political Correctness is daily on display. And that large slice of America that detests a media whose public approval now rivals that of Congress, relishes this defiance. The last thing these folks want Trump to do is to apologize to the press.
- Yellen, in back-to-back appearances, could close out era of zero rates (Reuters)
- ECB stimulus hopes keep Europe stocks at three-month high (Reuters)
- ECB to Test the Limits of Its Bond-Buying Program (WSJ)
- Watch for U.S. recession, zero interest rates in China next year, Citi says (Reuters)
- Euro’s Loss Being Yen’s Gain May Be Headache for BOJ (BBG)
- Yahoo Board to Weigh Sale of Internet Business (WSJ)
- Islamic State Prevents Civilians From Fleeing Iraqi City of Ramadi (WSJ)