Central Banks
Bank of America: "Sadly, It Took World War II..."
Submitted by Tyler Durden on 12/11/2015 19:28 -0500"A flip to fiscal stimulus is the most likely catalyst for a Great Rotation out of “deflation plays” into “inflation plays”, undoubtedly the biggest investment decision of 2016. Sadly it took the New Deal and WW2 to end the dominance of “growth” over “value” in the 1930s."
3 Signs We've Reached 'The Top' In The Financial System
Submitted by Tyler Durden on 12/11/2015 19:00 -0500Duh. It was so obvious looking back. This is not a consequence-free environment... it’s time to find safety.
Weekend Reading: Risk - That Is All
Submitted by Tyler Durden on 12/11/2015 16:30 -0500While the world patiently waits for Janet Yellen to raise interest rates this month, the markets have been unable to decide as of yet whether such an event is good or bad thing.
This Is How America Has Changed Since The Last Fed Rate Hike
Submitted by Tyler Durden on 12/11/2015 15:12 -0500Here is the biggest difference: back then total debt/GDP was 61%. Now, it is 104%, with the total US debt just now shy of $19 trillion.
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Submitted by GoldCore on 12/11/2015 11:36 -0500A tragic example of this was seen in Italy in recent days when a pensioner committed suicide after having his life savings wiped out in a bank bail-in. A pensioner from near Rome, hanged himself after his €100,000 (£72,000; $110,000) investment in Banca Etruria bonds were wiped out in a bail-in. A suicide note was left by the pensioner criticising the bank.
Goldman Takes Aim At This "Superstar" Bond Manager, Hinting He Could Be The Next "Third Avenue"
Submitted by Tyler Durden on 12/11/2015 10:58 -0500"Templeton Global Bond ($100bn in total; $59bn in mutual funds) – BEN’s largest fixed income fund – has seen meaningful outflows YTD (-$7.6bn from retail; -13% annualized rate) and could persist given the deterioration in excess performance (-460bps vs. benchmark YTD)."
How Peak Debt Constrains The Fed From Moving Rates Higher
Submitted by Tyler Durden on 12/11/2015 10:31 -0500As soon as the Fed moves money market rates upwards, unproductive parts of the economy will come under severe strain which in turn sets in motion recessionary forces prompting the Fed to reverse course. The only way out is to realize that the world is awash in mal-invested capital that need to be written off. Since that is inconceivable for today’s vested interests, the way forward will be further “Japanification” of the global economy. And this time we are all out of arrows.
Rand Crashes, EM Stocks Plunge As Trader Warns, Absolutely Ignore The "It's-Priced-In" Meme
Submitted by Tyler Durden on 12/11/2015 08:02 -0500"The Fed will drive home the lower and slower mantra. That is all spin, signifying nothing... There are so many unknowns, good and bad. Either way, absolutely ignore the "it’s priced in" claims... The Fed is going to raise rates next week, and anyone who claims it is not a huge deal is fooling you, as well as themselves."
US Equity Futures Suddenly Fall Off A Cliff As Europe Slides, Oil Tumbles, EM Currencies Turmoil
Submitted by Tyler Durden on 12/11/2015 06:41 -0500- Australia
- B+
- BOE
- Bond
- Central Banks
- China
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- default
- Equity Markets
- Fail
- fixed
- France
- Germany
- Glencore
- Global Warming
- Henderson
- Hong Kong
- Initial Jobless Claims
- International Energy Agency
- Iran
- Japan
- Jim Reid
- Michigan
- Monetary Policy
- Nikkei
- OPEC
- Ordos
- RANSquawk
- recovery
- Reserve Currency
- University Of Michigan
- Yuan
It was a relatively calm overnight session in which European stocks wobbled modestly, Japan was up, China was down following its weakest fixing since 2011 as the PBOC continues to aggressively devalue since the SDR inclusion (stoking concerns capital outflows are once again surging), EM stocks stocks were weak and the dollar was unchanged ahead of today's retail sales data and next week's Fed meeting, and then suddenly everything snapped.
The Fed's In A Bind: The Cluelessness Of The Macroeconomic Establishment
Submitted by Tyler Durden on 12/10/2015 13:55 -0500The next financial crisis could manifest itself in the coming months. If so, it will mark the end of current central bank monetary policies and state control of markets, as free markets reassert realistic pricing. Government bond yields will normalise, stock markets will fall, and banks will almost certainly fail. When something as epochal as this happens, we can expect the macroeconomic establishment to be clueless with respect to the problem itself and its scale.
Foreign Central Banks Rush To Buy In 30 Year Auction; Primary Dealers Awarded Least On Record
Submitted by Tyler Durden on 12/10/2015 13:13 -0500The just concluded 30-Year bond reopening of Cusip RP5, in which the US Treasury sold another $13 billion in long-dated paper in this year's final auction of 30 Years, was almost a carbon copy of yesterday's 10 Year auction.
The Coming Economic Collapse Will Crash Stocks
Submitted by Phoenix Capital Research on 12/10/2015 08:28 -0500The media can try to hide reality all it wants. But an economic collapse is here. It will trigger another stock market crash just as it did in the early ’90s, the Tech Bubble, and the Housing Bubble.
Higher Interest Rates and Debt Reduction in 2016? Maybe...
Submitted by rcwhalen on 12/10/2015 07:18 -0500The Fed & ECB are spawning the next crisis....
After Vicious Rollercoaster Session, Global Stocks Flat, US Futures Stage Tepid Rebound In Illiquid Chaos
Submitted by Tyler Durden on 12/10/2015 06:53 -0500- Apple
- Aussie
- Australia
- B+
- BOE
- Bond
- Brazil
- Central Banks
- China
- Continuing Claims
- Copper
- Corruption
- CPI
- Crude
- Crude Oil
- Equity Markets
- France
- Germany
- Glencore
- headlines
- High Yield
- Initial Jobless Claims
- Investment Grade
- Investor Sentiment
- Jim Reid
- Monsanto
- NASDAQ
- Natural Gas
- Nikkei
- None
- Price Action
- Primary Market
- RANSquawk
- recovery
- Trade Deficit
- Turkey
- Volatility
- Wholesale Inventories
- Yen
- Yuan
After yesterday's rollercoaster session in both the S&P and in oil, where initially stocks soared alongside oil, only to promptly tumble as stops were taken out and as the refiners' inventory strategy was exposed after the DOE's latest weekly numbers were released, it has been a quieter session so far, though maybe not for China where stocks jumped at the open only to fizzle and close at the lows in what appears to be ever less intervention by the market manipulating "National Team."
The Global Economic Reset Has Begun
Submitted by Tyler Durden on 12/09/2015 22:35 -0500- Alan Greenspan
- Ben Bernanke
- Ben Bernanke
- BIS
- Black Friday
- Black Swan
- Bond
- BRICs
- Central Banks
- Chain Store Sales
- China
- Credit Crisis
- Fail
- Federal Reserve
- General Motors
- Golden Goose
- goldman sachs
- Goldman Sachs
- International Monetary Fund
- Janet Yellen
- Japan
- Main Street
- Market Share
- Quantitative Easing
- Reality
- recovery
- Reserve Currency
- Saudi Arabia
- The Economist
- Too Big To Fail
- Volatility
The U.S. is now experiencing the next stage of the great reset. Two pillars were put in place on top of an already existing pillar by the central banks in order to maintain a semblance of stability after the 2008 crash. This faux stability appears to have been necessary in order to allow time for the conditioning of the masses towards greater acceptance of globalist initiatives, to ensure the debt slavery of future generations through the taxation of government generated long term debts, and to allow for internationalists to safely position their own assets. The three pillars are now being systematically removed by the same central bankers. Why? They are simply ready to carry on with the next stage of the controlled demolition of the American structure as we know it.





