Ford

Tyler Durden's picture

"Stress Test" Reviewed: Tim Geithner Is "A Grifter, A Petty Con Artist"





Timothy Geithner is likely to go down in American history as one of the most dangerous, destructive cronies to have ever wielded government power. The man is so completely and totally full of shit it’s almost impossible not to notice. The last thing we’d ever want to do in our free time is read a lengthy book filled with Geithner lies and propaganda, so we owe a large debt of gratitude to former Congressional staffer Matt Stoller for doing it for us. Stoller simply tears Geither apart limb from limb, detailing obvious lies about the financial crisis, and even more interestingly, Geithner’s bizarre bio, replete with mysterious and inexplicable promotions into positions of power..."Geithner is at heart a grifter, a petty con artist with the right manners and breeding to lie at the top echelons of American finance..."

 
Tyler Durden's picture

Frontrunning: June 5





  • Inside the White House's decision to free Bergdahl (Reuters)
  • Dimon’s Raise Haunts BNP Paribas as U.S. Weighs $10 Billion Fine (BBG)
  • Jobs Are on the Line as Banks' Revenue Slides (WSJ)
  • Wall Street Adjusts to the New Trading Normal (WSJ)
  • Nothing like objective, intense probes: GM recall probe to clear senior execs, finds no concerted coverup (Reuters)
  • ECB ready to cut rates and push banks into lending to boost euro zone economy (Reuters)
  • China Should Resist Further Stimulus, IMF Says (BBG)
  • Carney Finds Ally in Draghi as Key Rate Kept at 0.5% (BBG)
  • Assad wins Syria election with 88.7 percent of votes (Reuters)
 
Tyler Durden's picture

Equity Algos Await Seasonally Adjusted Data Dump Before Today's Buying Spree





If yesterday's non-record, red-tick close can be attributed to algos applying the wrong ISM seasonal factor to the day, believing it was Wednesday instead of the permabullish Tuesday, today there is no such excuse, which is why we fully expect the unallowed redness with which futures are currently trading to promptly morph into a non-red color especially with the USDJPY doing it best to ramp to 103.000 levels overnight, stopping out all shorts, and push spoos to fresh record highs. It is an algo world after all.  It appears that already record low volatility is being pushed even lower in anticipation of numerous imminent data releases, including today's ADP and Services ISM (first, second and final release), tomorrow's ECB announcement and Friday's payrolls number. Which while good for low volume levitation means bank trading revenues continue to deteriorate forcing banks to pitch M&A deals to clients, which in turn result in even more synergies and more layoffs: because in order to preserve the bottom line, crushing real employment further is perfectly acceptable collateral damage.

 
Tyler Durden's picture

A Candid Look At New Normal Jobs





Welcome to the new normal reality of job-hunting in 2014... "Our venture-funded vertical-driven content prosumer phablet platisher is rapidlygrowing and we need to add some Ninja Rockstar Content Associates A.S.A.P. See below for a list of open positions!"

 
Tyler Durden's picture

Frontrunning: May 30





  • Ukraine Rebels Outfox Army to Dent Poroshenko Troop Goal (BBG)
  • Russia Withdraws Most of Forces From Ukraine Border: U.S. (BBG)
  • Super-Size Me! China’s ’Mini’ Stimulus Starts Expanding (BBG)
  • Option B: The blueprint for Thailand's coup (Reuters)
  • Big investors replace banks in $4.2tn repo market (FT)
  • Draghi Shields Catalan Independence Bid From Market (BBG)
  • U.S. companies seek cyber experts for top jobs, board seats (Reuters)
  • Parsley CEO Emerges as One of Youngest U.S. Billionaires (BBG)
 
Tyler Durden's picture

Frontrunning: May 28





  • Yellen Concerned by Housing Slowdown She Has Scant Power to Cure (BBG)
  • Because snow in Q1? Citigroup’s CFO Says Trading Revenue Could Slide 25% (BBG)
  • Banks Raise Caution Flag on Trading (WSJ)
  • The answer is yes: Hilsenrath asks if BOJ’s Kuroda Awakening to His Limits? (WSJ)
  • Google Develops Prototype Cars for Fully Autonomous Driving (WSJ)
  • Amazon Expects Lengthy Hachette Dispute (WSJ)
  • Tencent $1 Billion Game Shows Global Hunt for Mobile Hits (BBG)
 
Tyler Durden's picture

GM's Latest Flop: Dealers "Stuffed" With 725-Day Supply Of "Tesla Competitor" Cadillac ELR





Here is a verbal account of precisely what happens when domestic car-makers overestimate the purchasing power of the US, and clog channels to an epic extent. In this case, we refer to the recently launched GM Cadillac ELR, launched to much aplomb just five months ago as a competitor to the Tesla Model S for a $76,000 price point (above Tesla's $70,000), has been a complete disaster. And how is GM dealing with this latest sales disappointment (which struck even before all the recent recall scandals had hit)? Why by jamming dealers with an unprecedented 725-day supply, or exactly two years worth of cars!

 
Tyler Durden's picture

Frontrunning: May 27





  • Vietnam, China trade accusations after Vietnamese fishing boat sinks (Reuters)
  • SEC Set to Spur Exchange Trading (WSJ)
  • Bank of Japan quietly eyes stimulus exit (Reuters)
  • Japan Risks Low Growth Even as Easing Spurs Inflation (BBG)
  • Hello Japan: Bond Market Message to Fed: Your 4% Rate Outlook Is Too High (BBG)
  • Malaysia, UK firm release satellite data on missing MH370 flight (Reuters)
  • Fighting rages in eastern Ukraine city, dozens dead (Reuters)
  • Bad Credit No Problem as Balance-Sheet Bombs Rally 94%  (BBG)
  • Draghi’s Asset-Backed Drive Rouses Academic Skeptics (BBG)
  • For-Profit Colleges Face Test From State, Federal Officials (WSJ)
 
Tyler Durden's picture

The US Shale Oil Miracle Disappears





The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources. But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed. Yes, you read that right: 96% lower. As in only 4% of the original estimate is now thought to be technically-recoverable at today's prices.

 
Tyler Durden's picture

Frontrunning: May 22





  • McDonald’s Workers Arrested at Protest Near Headquarters (BBG)
  • U.S. Sends Troops to Chad to Hunt for Abducted Nigeria Girls (BBG)
  • BofA Scrapping Market-Making Unit Amid Trading Scrutiny (BBG)
  • Biggest attack in years kills 31 in China's troubled Xinjiang (Reuters)
  • Intense Fighting Flares in Eastern Ukraine (WSJ)
  • Fed Officials Tussle Over Labor Market Slack (Hilsenrath)
  • Ikea Economics Lure Central Bankers Seeking New Tools (BBG)
  • When Putin ordered up new hospitals, his associates botched the operation (Reuters)
  • Norway’s $33 Billion Man Steps Up Search in Asia Real Estate Bet (BBG)
 
Tyler Durden's picture

Martin Armstrong Warns Out Of Control Unions Are The Real Poison Pill Of Western Society





Unions have been the real plague of society. There is not much they have not really destroyed... The problem is that the only way to pay these unions is to raise taxes. This is the poison pill that will destroy Western Society. This hunt for taxes will destroy the economy and will not save the day in the end game. Just do the math.

 
Tyler Durden's picture

Frontrunning: May 14





  • Vietnam mobs set fire to foreign factories in anti-China riots (Reuters)
  • Recession-Baby Millennials Scarred by U.S. Downturn Spurn Stocks (BBG)
  • U.S. Agents Start Hunting for Sanctioned Russians’ ‘Shiny Toys’ (BBG)
  • Russia moves to oust US from International Space Station (FT)
  • China Central Bank Calls for Faster Home Lending in Slump (BBG)
  • Geithner Must Give S&P Documents in U.S. Fraud Suit (BBG)
  • Samsung's 'crown prince' in focus as father hospitalized (Reuters)
  • Yahoo buys mobile 'self-destruct' messaging app Blink only to shut it down (Reuters)
  • Goldman’s Twitter banker joins hedge fund (FT)
  • Keyword being "unexpectedly": Sony Unexpectedly Forecasts Loss Amid PC Restructuring Costs (BBG)
 
Tyler Durden's picture

Frontrunning: May 13





  • EU Court: Google Must Remove Certain Links on Request (WSJ), people have right to be forgotten on Internet (Reuters)
  • Harsh weather: German Investor Confidence Drops for Fifth Straight Month (BBG)
  • More harsh weather: China Slowdown Deepens (BBG)
  • Harsh weather as far as the eye can see: China’s New Credit Declines (BBG)
  • "Alien" artist, surrealist H.R. Giger dies aged 74 (Reuters)
  • Pfizer urges AstraZeneca to talk as UK lawmakers slam offer (Reuters)
  • Property sector slowdown adds to China fears (FT)
  • Russia says EU sanctions will hurt Ukraine peace efforts (Reuters)
  • U.S. Considers Relaxing Crude Oil Export Restrictions (WSJ)
 
Tyler Durden's picture

Tim Geithner Admits "Too Big To Fail" Hasn't Gone Anywhere (And That's The Way He Likes It)





Never in a million years did we think we’d ever use an article by Andrew Ross Sorkin as the basis of a blog post, but here we are. While probably entirely unintentional, his article serves to further solidify as accurate the prevailing notion across America that former head of the New York Federal Reserve and Obama’s first Treasury Secretary, Timothy Geithner, is nothing more than an addled, crony, bureaucratic banker cabin boy. Simply put, "Geithner is so bad, he actually makes Larry Summers look good."

 
Tyler Durden's picture

Frontrunning: May 8





  • China’s Trade Unexpectedly Rises (BBG)
  • 'We're already not in Ukraine' - rebel east readies secession vote (Reuters)
  • Pro-Russian Separatists in Ukraine Reject Putin's Call to Delay Vote (WSJ)
  • Vietnam’s Stocks Post Biggest Loss in Decade on China Tensions (BBG)
  • Hedge Funds Extend Their Slide (WSJ)
  • Carney Looks to Untested Tools as House Prices Boom (BBG)
  • New Draghi Era Seen on Hold at ECB as Euro Area Recovers (BBG)
  • Woman With Printer Shows the Digital Ease of Bogus Cash (BBG)
  • Regulators See Growing Financial Risks Outside Traditional Banks (WSJ)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!