• Marc To Market
    08/29/2015 - 10:18
    Dollar recovered from the exaggerated panic at the start of last week.  Outlook is still constructive.  Here is an overview of the technical condition of currencies, bonds, oil , and S&...

Ferrari

Tyler Durden's picture

19-Year Old Sets Own Ferrari On Fire Because He Wanted A New One





On October 24, 2014, the 19-year old son of a wealthy Swiss businessman walked into a brothel in the Bavarian town of Augsburg. Although by almost any standard he led a rather splendid existence, on this particular night he had reached his breaking point. The problem: he drove a 2011 Ferrari 458 Italia.

 
Tyler Durden's picture

"Debt Is A Fickle Witch"





Debt is a fickle witch. When left to its own devices, which it has been for nearly seven years with interest rates at the zero bound, it tends to get into trouble. Unchecked credit initially seeps, and eventually finds itself fracked, into the dark, dank nooks and crannies of the fixed income markets whose infrastructures and borrowers are ill-suited to handle the capacity. Consider the two flashiest badges of wealth in America - cars and homes...

 
Tyler Durden's picture

"You're Gonna Need a Bigger Boat" - Does Size Matter When It Comes To The Debt Markets





The reality might just be that the collective "we," and quite possibly sooner than we think, really will need a bigger boat. That is, as it pertains to the global debt markets, which have swollen past the $200 trillion mark this year rendering the great white featured in Jaws which can be equated with past debt markets as defenseless and small as a small, striped Nemo by comparison. The question for the ages will be whether size really does matter when it comes to the debt markets...

 
Tyler Durden's picture

Amoeba, Fish, Lizard, Ape, Human, Investor... Meet Evolutionary Economics





We’re always interested in alternative economic frameworks that can help address the sizable gaps left open by classical approaches. Behavioral economics can fill part of that void, of course, as it describes some basic shortfalls in the assumption that we’re all superhuman welfare maximizing individuals. One step beyond that is evolutionary economics, which borrows from biology rather than psychology to form models about economic behavior.

 
Tyler Durden's picture

Frontrunning: July 24





  • Gunman kills two, wounds seven in Louisiana theater before killing himself (Reuters)
  • Health insurer Anthem to buy Cigna in $54.2 billion deal (Reuters)
  • Murder, Poisoning, Raids: It’s Election Season in Russia (BBG)
  • Lagarde Push for Greece Debt Relief Challenges Merkel (Bloomberg)
  • Fund Boss’s Gamble on Health Law Pays Off Big (WSJ)
  • Wall Street Cranks Up Its Outlook for Amazon After It Delivers Monster Earnings Report (BBG)
  • China's Richest Man Marks Push Into Hollywood With Jake Gyllenhaal Movie (BBG)
  • West Africa's alarming growth industry - meth (Reuters)
 
Tyler Durden's picture

Obamatrade Passes, The Corporations Win Again... And Now They Gloat





"Washington broke arms and heads to get that 60th vote—not one to spare—to impose on the American people a plan which imperils their jobs, wages, and control over their own affairs. It is remarkable that so much energy has been expended on advancing the things Americans oppose, and preventing the things Americans want. The same routine plays out over and again. We are told a massive bill must be passed, all the business lobbyists and leaders tell how grand it will be, but that it must be rushed through before the voters spoil the plan. And when ordinary Americans who never asked for the plan, who don’t want the plan, who want no part of the plan, resist, they are scorned, mocked, and heaped with condescension."

 
Tyler Durden's picture

Deutsche Bank Head Of Asia-Pac Equities Loses Control Of His $580,000 Ferrari, Kills Innocent Bystander





As recently as several months ago, the financial press was surprised when a wave of Deutsche Bank employees, particularly those in the bank's legal department (such as here and here), decided to take their own lives. Now at least one Deutsche Banker, perhaps perturbed by the recent news involving the unexpected departure of his co-CEOs coupled with the even more unexpected raid of the bank's global headquarters, has decided to show the jump from sui- to homicide is a simple one.

 
Tyler Durden's picture

Former NATO Commander, Presidential Candidate Makes Millions Pushing Penny Stocks





Gen. Wesley Clark has been a busy man since retiring from public service with a plan to make $40 million. In addition to chairing notorious investment bank Rodman & Renshaw, the former NATO allied commander and one-time Presidential hopeful has thrown his face and fame behind a plethora of OTC-listed companies, Bloomberg reports. From grilled cheese sandwich trucks to hydroponic lettuce companies run by the real-life Bud Fox, Clark's name has become so synonymous with doomed penny stocks that one fund manager calls his very appearance on a company board "a red flag."

 
Tim Knight from Slope of Hope's picture

Do You Want to Know a Secret?





Now a startup shutting down isn't any bigger news than someone finishing a satisfying lunch somewhere, but the "Ferrari" mention intrigued me, so I read further.

 
Tyler Durden's picture

NYC Residents Pay $2-3,000 A Month For “Micro-Apartments” As Luxury Car Sales Outpace Regular Car Sales





It’s an oligarch’s world, you’re just living in it. One of the main reasons that hyper-luxury cars are outselling regular cars, is because all of the wealth gains from the oligarch recovery are going to, well, oligarchs ... Global policies implemented since the oligarch created financial melt-down, have been used to cover up its criminality, and further advance the status quo’s consolidation of wealth and power. A continuation of this trend presents the greatest threat to liberty, free markets and an evolution of human consciousness on the planet today.

 
Tyler Durden's picture

Frontrunning: October 30





  • "Soaring consumer confidence" - How the Economy Is Stoking Voter Anger at Incumbent Governors (WSJ)
  • Euro zone deflation worries shield German Bunds from upbeat Fed (Reuters)
  • Greece’s Euro Dilemma Is Back as Minister Sees Volatility (BBG)
  • Ukraine gas supplies in doubt as Russia seeks EU payment deal (Reuters)
  • Sterling Lads Chats Show FX Traders Matching Fix Orders (BBG)
  • NATO Tracks Large-Scale Russia Air Activity in Europe (WSJ)
  • U.K. SFO Charges Ex-Tullett Prebon Broker in Libor-Rigging Probe (BBG)
  • Jerusalem on edge after shooting of rabbi (FT)
  • Israeli police kill Palestinian suspected of shooting far-right activist (Reuters)
  • Samsung seeks smartphone revamp to arrest profit slide (Reuters)
 
Tyler Durden's picture

The Horse Is Loose Again: Fiat To Spin-Off Ferrari





In what appeared to be a sign of discord, Bloomberg reported in September that Ferrari Chairman Luca Cordero di Montezemolo was poised to leave the super-car maker because of a clash over strategy with the brand’s parent Fiat, proclaiming "Ferrari is now American," which represents "the end of an era." It now seems Marchionne's Fiat strategy to compete with Volkswagen's Lambo division is no set to fail as Bloomberg reports: FIAT CHRYSLER PLANS TO SPIN OFF FERRARI. Expected to list in US and European markets, the IPO of 10% of Ferrari is expected to be completed in 2015... another sign of the top?

 
Tyler Durden's picture

Calling The Fed's Bluff





If U.S. stocks have stabilized – granted, a big 'IF' - you can thank the fact that markets don’t believe the Federal Reserve’s outlook on interest rates. Bad news will keep the doves “Fed” (yes, a pun…  it’s Friday) and the hawks at bay. A spate of good U.S. news while the rest of the developed world slows is the worst potential outcome in this narrative.

 
Capitalist Exploits's picture

Replace These People with an App Already





A recent weekend experience reminded me of how 99% of them are completely useless

 
Tyler Durden's picture

Frontrunning: September 10





  • British PM begs Scots: Don't rip apart our UK 'family of nations' (Reuters)
  • Obama has become Bush: Obama’s Task: Rally U.S. Public, Allies in Terror Fight (BBG)
  • Alibaba's record IPO covered after first few roadshow meetings (Reuters)
  • Ferrari chairman Luca Di Montezemolo to quit after 23 years (BBC)
  • Combat Reversals Pressure Assad (WSJ)
  • Top LBO Fund Investors Pile on Leverage to Boost Returns (BBG)
  • BOJ's Iwata upbeat on economy, unfazed by post-tax hike slump (Reuters)
  • Carney Can’t Escape Housing as Debt Colors BOE Policy (BBG)
  • Detroit Clears Crucial Hurdle on Bankruptcy (NYT)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!