• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

CRAP

Tyler Durden's picture

Living A Lie





The lies we tell ourselves are only exceeded by the lies perpetrated by those controlling the levers of our society. The country has been living a Big Lie since the day Nixon closed the gold window in 1971, eliminating any vestiges of constraint upon central bankers and politicians.

 
EconMatters's picture

NRG Energy is a Definite Takeout Candidate





He got caught up in the future of energy, instead of focusing on maximizing profits and running the business in the here and now.

 
Tyler Durden's picture

Leaked Audio Proves Mainstream Media Cheers On Trump's Bigotry For Profit





Even as large swaths of the population call for media outlets to do their part in stemming the “dangerous tide of hatred, violence, and suspicion” taking hold in the United States, corporate media - which stands to benefit nicely from the $5 billion 2016 presidential election - is egging on that same divisive rhetoric.

 
Tyler Durden's picture

If "Everything's Awesome" Why Did Aussie CapEx Just Collapse By The Most In Its 30 Year History





Day after day, the 'stability' in the stock "markets" (specifically in AsiaPac) is posited as 'proof' that China is 'fixed', the worst is over in EMs, The Fed can raise rates, and massive monetray policy manipulation of market signals had no mal-investment consequences. Well all of that utter crap just got obliterated as China's right-hand-man in the credit-fueled commodity boom bust - Australia - just saw its business capital expenditure collapse 20% YoY - the biggest drop ever, accelerating the crash in business spending to 11 quarters. As Goldman warns, this exposes significant downside risk to any forecast for GDP recovery in 2016.

 
Tyler Durden's picture

It's A Fake, Fake, Fake America





"Fake", a simple definition: something that is not what it purports to be, a worthless imitation passed off as genuine; an impostor or charlatan.

Example: “American society is extraordinarily fake; filled with lies, fraud, facades, mirages, deception, disinformation, misinformation, propaganda and brainwashing.”

 
Tyler Durden's picture

Why Do So Many Young Adults Live At Home? Record 34.5% Of California Millennials Live With Parents





There is ample evidence suggesting that Millennials simply do not want the same things as their Taco Tuesday baby boomer parents. And many simply don’t want the McMansion aspiration since many are going to have small families. This is an interesting shift. Boomers are trying to off load larger crap shacks to an audience that is more interested in smaller more centrally accessible properties.

 
Tyler Durden's picture

The Housing Mega-Bubble Is Definitely Not Different This Time - It's Much More Of The Same





To believe this isn’t a bubble is to believe that all of the hot momo money from insti’s, high/biotech, flipper, flappers, fraudsters, and foreigners buying houses is fundamental and here to stay, which is exactly what everybody thought in 2006. Or, to believe that interest rates will keep falling 1% per year going forward, which would lend an element of support to prices.

 
EconMatters's picture

Financial Markets are a Game





Those were just excuses, it’s not like any of those factors suddenly changed and were fixed magically on October 1st.

 
EconMatters's picture

ECB Putting Federal Reserve in a Bad Spot





listening to the ECB panel trying to justify more stimulus of bond buying in their herculean fight to save ‘low’ inflation from damaging European citizens was just pure comedy beyond a Monty Python skit.

 
Tyler Durden's picture

Confusion, Delusions, & Illusions





Two recent surveys, along with numerous other studies and data, reveal most American households to be living on the brink of catastrophe, but continuing to act in a reckless and delusionary manner. Telling people the truth today is meaningless, as they don’t want their illusions destroyed. But destroyed they will be, when this teetering edifice of debt comes crashing down on their heads.

 
Tyler Durden's picture

Show Of Hands: Who's Interested In A CDO Backed By A Pool Of Subordinated Community Bank Debt?





Are you a yield-starved investor? Joshua Siegel has a deal he wants to sell you and it involves subordinated loans originated by "35 community banks, some of them so small they don’t have credit ratings." 

 
Tyler Durden's picture

"Good News" - China GDP Beats Expectation Leaving Fed 'Relieved', Stocks Disappointed





AsiaPac stocks were generally lower heading into the all-important Chinese macro data (S&P -6pts, Japan -0.7%, China -0.2%) as JPY erased Friday's ramp and crude dropped back below $47. The PBOC left the Onshore Yuan fix practically unchanged (following Friday's significant devaluation). Then the data hit... China GDP beat expectations (printing 6.9% YoY vs 6.8% exp) but is still the lowest growth since Q1 2009. Industrial Production missed (printing 5.7% YoY vs 6.0% exp). Retail Sales beat (10.9% YoY vs 10.8% exp). The initial reaction was kneejerk buying in USDJPY and stocks but that is fading as "good news" will relieve The Fed's angst over growth...

 
Tyler Durden's picture

"It's Over For Me" Matt Drudge Warns Public "You're A Pawn In The 'Ghetto-isation'" Of The Web





The very foundation of the free Internet is under severe threat from copyright laws that could ban independent media outlets, according to Matt Drudge. "I had a Supreme Court Justice tell me it’s over for me,” said Drudge, warning web users that they were being pushed "pawn-like" into the cyber "ghettos" of Twitter, Facebook and Instagram.

 
Capitalist Exploits's picture

There Will Be Blood – Part III





Hedge fund manager exposes the ugly truth about America's energy revolution: it's like the housing bubble but larger!

 
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