Enron

Tyler Durden's picture

Cycles, Bounces, & The Only Question That Matters





Unfortunately, when central-planners "drag forward" future consumption today, you leave a "void" in the future that must be filled. That future "void" continues to expand each time activity is dragged forward until, inevitably, it can not be filled. This is currently being witnessed in the overall data trends as seen in the deterioration in corporate earnings and revenues. The only question is whether Central Banks can continue to support asset prices long enough for the economic cycle to catch up. Historically, such is a feat that has never been accomplished.

 
Tyler Durden's picture

The Hits Just Keep On Coming: Valeant CEO To Tesity Under Oath, Following Accusation Of Merger Agreement Violation





It's been a terrible month for investors in Valeant (and Pershing Square) and it is about to get even worse following news that the outgoing CEO of the troubled company, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said on Monday.

 
Tyler Durden's picture

"Why We Need To Beat Russia"





Only Gold has the history, depth, unique qualities, loyalty of the elite and transitional power to challenge any man, any nation, any system on earth, past, present and future. The Dynasties understand this, because they have both witnessed and authored this axiom across generations of asset accumulation. As the sand peters past the last curve of the hour glass the Dynastic hand is clear to see. So the Neo-cons need to beat Russia, and soon, as only Globalism can keep the markets enchained.

 
Tyler Durden's picture

The 7-Deadly Investing Sins





Individuals are long term investors only as long as the markets are rising.

 
ilene's picture

Complete and Utter Scam: Oil Prices





Where did the fake orders for 191,000,000 barrels of oil (1,000 per contract) go?

 
ilene's picture

Oil Fears Spook Investors (Again)





Short-term, oil prices are a function of sentiment and manipulation. Here's how that works. 

 
Tyler Durden's picture

Someone Is Trying To Corner The Copper Market





It may not be as sexy as gold and silver, but sometimes even doctor copper needs a little squeeze and corner love as well, and according to Bloomberg, that is precisely what someone is trying to do. One company whose identity is unknown, is "hoarding as much as half the copper available in warehouses tracked by the London Metal Exchange."

 
EconMatters's picture

EIA Report Shows No Sign Yet of U.S. Production Cuts





Thus we are treading water for about a year at this 9.2 million barrels per day level, but that just isn`t going to cut it considering the drop in spot prices of crude oil.

 
Tyler Durden's picture

Glencore CDS Soar To 6 Year High After Bankruptcy Of US Subsidiary, Ongoing Copper Carnage





The default of Sherwin Alumina, a US subsidiary of Glencore, refocused the market's attention on the one company which in September was among the hardest hit in the post-China devaluation rout, and the immediate result was that while Glencore stock plunged and is once again approaching all time lows, a more ominous development was that GLEN's CDS spiked to as much as 950 basis points, the highest since April 2009 and suggesting far more pain is in store for the commodity trading giant.

 
Tyler Durden's picture

Noble Group's "Margin Call" Part II: The Enron Moment





Our balance sheet - the strongest in recent history - represents a significant advantage as we continue to identify high value growth opportunities across the products and geographies we operate in. Maintaining out investment grade rating with the international rating agencies is a vital part of this strategy.

- Noble Group 2014 Annual Report, p. 27

 
Tyler Durden's picture

Noble Group’s "Collateral Margin Call"





It is not Liquidity that banks are asking but for more Collateral from Noble starting this year because they also understand that this MTM gain on commodity contracts and derivatives of Noble will unlikely be realized at more than 10% and therefore is not valid collateral for the trader’s working capital borrowing base requirements.

 
EconMatters's picture

NRG Energy is a Free Roll on Natural Gas Prices





There is no cure for low natural gas prices like low natural gas prices.

 
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