Creditors

Tyler Durden's picture

Angry Bond Insurers Sue Puerto Rico Over "Clawback" Boondoggle





“The commonwealth has committed itself to a ‘scorched earth’ strategy of blaming its fiscal and structural problems on lenders, Congress and others, in an effort to deflect responsibility and obtain retroactive application of bankruptcy laws.”

 
Tyler Durden's picture

10 Key Energy Trends To Watch For In 2016





Energy investors got clobbered in 2015, and are hoping for things to turn positive as we head into the New Year. What can we expect in 2016? Here is a rundown of some key trends to watch for...

 
Gold Standard Institute's picture

What Is Money Printing?





There is a populist idea of money printing. The idea is that banks can just print what they want, enriching themselves... does it really work this way?

 
Tyler Durden's picture

Frontrunning: January 5





  • Global share market settles after stormy start to year (Reuters)
  • Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
  • China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
  • Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
  • Obama tightens gun rules, requires more background checks (Reuters)
 
Tyler Durden's picture

Greek Central Bank Warns Country "Unlikely To Survive Another Bout Of Instability" As Bank "Jog" Accelerates





Something unexpected happened on the road to the latest Greek "recovery": the local population no longer believes one is coming.

 
Tyler Durden's picture

Carmen Reinhart Warns "Serious Sovereign Debt Defaults" Are Looming





As 2016 begins, there are clear signs of serious debt/default squalls on the horizon. We can already see the first white-capped waves.

 
Tyler Durden's picture

What's Ahead In 2016 - Key Events Of The Next 12 Months





Elections, elections, and more elections is the 'regime change' meme for 2016 but, as Bloomberg details, the key events of the year ahead vary from a California marijuana referendum to Brazil's Olympics, and from Davos to SCOTUS. No matter what, 2016 holds a lot of opportunity for volatility, and without The Fed's safety net, who knows what that means for markets...

 
Tyler Durden's picture

Frontrunning: December 31





  • Oil ends 2015 in downbeat mood; hangover to be long, painful (Reuters)
  • Recession, retrenchment, revolution? Impact of low crude prices on oil powers (Guardian)
  • Midwest Flooding Might Make the Oil Glut Worse (BBG)
  • From Oil Glut to Shortage? Some Say It Could Happen (WSJ)
  • Ten Years After Blowup, Amaranth Investors Waiting to Get Money Back (WSJ)
  • China Fires a Warning Shot at Yuan Speculators With Bank Bans (BBG)
 
Tyler Durden's picture

The New Cartel Running The Oil Sector





As oil prices wallow near multi-year lows, it’s becoming increasingly clear that the new cartel controlling oil prices is not OPEC but world credit markets. From Saudi Arabia’s record $100 billion deficit to shale oil’s continuing reliance on cheap credit funding, it’s clear that no major oil producer or company in the world right now is economically self-sufficient based on oil revenues alone. This situation has left the flow of oil and the decision on when to stop pumping the increasingly tarnished black gold in the hands of banks rather than oil men.

 
Tyler Durden's picture

Puerto Rico To Default On Some Bonds January 1 - Live Feed





“To make a total payment will be almost impossible. If a partial payment is made: what bonds should we pay? It is an assessment that is being done. It is highly unlikely that there will not be default, in whole or partially.”

 
Tyler Durden's picture

The Bail-Ins Are Back! Portugal Slaps Senior Bank Bondholders With €2 Billion Loss





If you are an institutional investor and you bought Novo Banco bonds, you just had a bad morning...

 
Tyler Durden's picture

Martin Shkreli's KaloBios Files Chapter 11: Full Bankruptcy Filing





Thus ends KaloBios' "turnaround in progress" - two months after it was dragged out of bankruptcy by Martin Shkreli in an attempt to crush the company's shorts and unleash a massive squeeze, Kalobios is again, well, bankrupt.

 
Tyler Durden's picture

Global Stocks, Futures Dragged Lower By Commodities As Oil Slumps Back Under $37





With just two days left in 2015, the main driver of overnight global stocks and US equity futures remains the most familiar one of all of 2015 - crude oil, which, after its latest torrid bounce yesterday has resumed the familiar "yoyo" mode, and again stumbled dropping below $37 on yesterday's surprising API 2.9 million crude inventory build, as well several more long-term "forecasts" by OPEC members, with Kuwait now budgeting for $30 oil, while Venezuela's Maduro said the oil price fell to $28/bbl and is "headed downward." As a result U.S. futures declined and European stocks fell, extending their worst December drop since 2002 in thin volume on the last full trading day of the year.

 
Tyler Durden's picture

The Russian Economy Is Cracking, "Social Unrest" Coming In "A Few Months", Official Warns





As the ruble plunges to record lows against the dollar, we take a close look at the outlook for inflation and GDP growth in 2016 in the context of The Kremlin's budget, which assumes $50/bbl crude. We also ask whether the deficit - expected to balloon to 4.4% of GDP in the event oil hovers around $35/bbl - will grow as a result of a planned bailout for insolvent state lender VEB. 

 
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