Fail

Tyler Durden's picture

CNBC Demystified





"CNBC is an electronic shaman for investors... The situation resembles George Orwell’s Nineteen Eighty-Four, where the protagonist Winston Smith tuned out the massive telescreen on his apartment wall that issued endless streams of positive news."

 
Tyler Durden's picture

"Most Liberal Supreme Court Since 1960s" Gives Obama Huge Victory With 6-3 Vote In Favor Of Obamacare





The Supreme Court has ruled that people who bought healthcare coverage through federal exchanges as part of Obamacare can keep subsidies that effectively limit the amount low- and middle-income Americans pay for health insurance to 9.5% of their income or less.

 
Tyler Durden's picture

Jakobsen: "Stash Your Cash & Use It Later"





Capital should always be allocated to the “marginal cost of capital”. The stock market in its most simple form is really an input–output black box: In goes the “cost of capital” – out comes “profit”. No one can disagree that, over the long- and medium-term, it’s the profit which both explains and drives stocks best. The most profitable companies get the best stock returns... which brings us to the “dilemma” of today’s market: The marginal cost of capital is significantly higher.

 
Tyler Durden's picture

Grexident Looming: Eurogroup Meeting Ends Prematurely With No Deal





Following meetings with EU officials and then with IMF chief Christine Lagarde and ECB chief Mario Draghi on Wednesday evening, Greek PM Alexis Tsipras is back at it on Thursday, in a frantic attempt to salvage a deal with creditors. He'll need to win over EU finance chiefs (who are collectively losing their will to keep Greece in the currency bloc) and the IMF as the EU summit kicks off in Brussels.

 
Tyler Durden's picture

Bundesbank Slams ECB's "Bridge Financing" To Greece





The Bundesbank's Jens Weidmann unleashed a litany of cticisim on the Eurosystem (read the ECB) when he said that Greek banks should not continue to buy the short-term debt of their government, which is then repoed back to the ECB in exchange for precious cash. "The Eurosystem must not provide bridge financing to Greece even in anticipation of later disbursements," said Weidmann, who also sits on the European Central Bank's Governing Council, which approves such funding to Greece. "When banks without access to the markets buy debt of a sovereign which is likewise locked out of the market, taking recourse to ELA raises serious monetary financing concerns," he said in a speech to be delivered at a conference in Frankfurt.

 
Tyler Durden's picture

What's Really Going On At Fukushima?





Fukushima will likely go down in history as the biggest cover-up of the 21st Century. Governments and corporations are not leveling with citizens about the risks and dangers; similarly, truth itself, as an ethical standard, is at risk of going to shambles as the glue that holds together the trust and belief in society’s institutions. Ultimately, this is an example of how societies fail.

 
Tyler Durden's picture

We Are Reaching Peak Energy Demand, BP Data Suggests





Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation is that we right now seem to be reaching peak energy demand through low commodity prices.

 
Tyler Durden's picture

Buy Programs Stumble After Greek Deal Proposal Goes Back To Drawing Board In Last Minute





And it started off all so well: the market, blissfully ignoring what we wrote just yesterday in Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers, was in full blown levitation mode overnight when it sent Japanese stocks to their highest close since 1996 (pre dot com) and with the Chinese central bank doing its best to keep levitating local stocks away from the abyss, pushing the SHCOMP up another 2.5%. Euro Stoxx 50 went from flat to down 1% and is bouncing. As BBG's Richard Breslow adds, predictably, the market is taking this as a ploy, not an end game. Of course, this is precisely the "Bear Stearns is fine" conventional wisdom that Cramer was spewing days before Bear failed because nobody could fathom how anyone can conceive of a worst case scenario. Only it isn't nobody: we reported before of a Goldman's "Conspiracy Theory" Stunner: A Greek Default Is Precisely What The ECB Wants. 

 
Sprott Money's picture

Bankrupt Governments and Negative Interest Rates





Watching as bankrupt (Western) governments pay near-zero or even negative rates of interest on their debts, we see a financial fraud and sham of unparalleled dimensions in the history of our nations. However, when these same regimes inflict these fraudulent interest rates on “savers” (i.e. their own populations), while double-digit inflation rages all around us, this is nothing less than a crime against humanity – with even worse crimes still to come.

 
Tyler Durden's picture

The Unspoken Tragedy In The Upcoming Greek Bailout





Of this touted €35 billion in bailout funding which Greece finally admitted it will cross "red lines" to obtain, the country will be lucky to pocket a little over €3 billion. However, considering that is how much the Greek government has already extracted out of various public pensions and municipalities as part of its quasi-capital controls unrolled previously to preserve the illusion of solvency, after the hard fought "deal" finally is inked, the Greek population will be left with... €0.

 
Tyler Durden's picture

Pop Goes The Bubble





Many people see national finances as an impenetrable fog of numbers and acronyms, which they feel is best left up to financial specialists to interpret for them. But try to see national finances as a henhouse, yourself as a hen, and financial specialists as foxes. Perhaps you should pay a little bit of attention - perhaps a bit more than one would expect from a chicken?

 
Tyler Durden's picture

Collapse, Part 2: The Nine Dynamics Of Decay





Rome didn't fall so much as erode away. That's the template for collapse. While collapse may be sudden, the decay that generated the collapse had been rotting away the foundation for years or decades.

 
rcwhalen's picture

Michael Whalen: Why the Streaming Music Business is Broken





Time for the musicians to learn the lessons that the video guys in Hollywood learned from them...

 
Tyler Durden's picture

Tsipras Faces Party Revolt In Bid To Push Debt Deal Through Parliament





With an agreement in principle on the table, Greek PM Alexis Tsipras now turns his weary eyes towards Syriza party hardliners whose support he will need in order to pass the new deal through parliament. Should the political stalemate prove intractable, Greece may need to call a referendum or snap elections.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!