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Tyler Durden's picture

Apple Watch: Epic Dud?





 
Tyler Durden's picture

Where America's Airplanes Go To Die





 
Tyler Durden's picture

Google Apologizes For "Nigger House" Search Result





"Do no evil..." that is part from the racist stuff, would appear to be Google's new meme as The Guardian reports the somewhat unbelievable fact that searches which include the racist slur “nigger” were shown to find the White House in Google Maps. “Some inappropriate results are surfacing in Google Maps that should not be, and we apologise for any offence this may have caused. Our teams are working to fix this issue quickly,” a Google spokesperson said, claiming that it had been experiencing “escalated attacks to spam Google Maps over the past few months”.

 
Tyler Durden's picture

The Looming Russell Rebalance – What You Need To Know





With over $4 trillion invested in Russell index-linked products, this year’s rebalance combined with the “Will they/won’t they” Fed rate increase debate could make for an eventful start to summer.

 
Tyler Durden's picture

Each Day Without Debt Deal Costs Greek Economy €22 Million And 613 Full-Time Jobs





It’s no secret that the protracted negotiations between Athens and its creditors are taking a toll on the Greek economy in general, on the Greek banking sector more specifically, and on Greek citizens most tragically. Now, thanks to a new report from the Hellenic Confederation of Commerce and Enterprises, we can quantify the daily economic toll of failed negotiations.

 
Tyler Durden's picture

Leading German Keynesian Economist Calls For Cash Ban





"Coins and bills are obsolete and only reduce the influence of central banks," German economist and sole Keynesian member of the German Council Of Economic Experts Peter Bofinger tells Spiegel, becoming the latest central planning proponent to suggest that a cashless society would solve the world's economic problems by allowing the government to control who spends what and when in a futile effort to control the business cycle.

 
Tyler Durden's picture

Massively Levered Beta: Tepper Adds $1.3 Billion, Or 33% Of Long Equity AUM, In SPY, QQQ Calls





While the market was topping out, Tepper was actively adding to his bullish exposure, but not in the form of many new stock positions, when in fact he partially unloaded 15 of his 38 positions, while adding 12 new positions. It was 2 of these new additions that were particularly notable: just like in early 2014, Tepper is once again back to index investing, having added a whopping $939 million in notional-equivalent SPY Calls, and $413 million in notional-equivalent QQQ Calls. In other words, Tepper is once again making a very levered beta bet that the market will resume climbing, and he can capture the upside through SPY and QQQ calls.

 
Tim Knight from Slope of Hope's picture

Silicon Shark Jumps the Shark





Innovative, successful companies are formed due to almost astronomically-unlikely pairings of the right people, at the right time, in the right place. And that place isn't going to be Startup Castle. Promise.

 
Tyler Durden's picture

London Housing Bubble Watch: $630/Month For A Bed "In" A Shared Kitchen!





You know it's a bubble when... A listing has appeared online advertising a single bed in a house in London where the mattress is located in the kitchen.

 
EconMatters's picture

China-Japan Before China-Taiwan





Is it even plausible that China would go all nuke on the U.S. over Taiwan?

 
Tyler Durden's picture

Armed Robbery In Midtown Manhattan Jewelry Store, Shots Fired





New York's thieves are getting bolder. After years without any violent crime in that mecca of hedge funds, midtown east, moments ago the NYC Scanner reported that there was an armed robbery in a jewelry store at 510 Madison where shots were fired (seemingly unaware that NYC is a gun free zone) and while 1 suspect was in custody two are still outstanding.

 
Tyler Durden's picture

Greece Effectively Defaults To IMF Using SDR Reserves To "Repay" Fund; 1 Month Countdown Begins





Greece tapped emergency reserves in its holding account at the IMF in order to make a 750 million euro payment to the Fund on Monday meaning that, as predicted, the IMF is now paying itself. Athens has one month to replenish the account. Meanwhile, the Fund has indicated it wants no part of another Greek bailout. And just to confirm how terminal the situation for Greece is, MarketNews just reported that Greece now has a paltry €90 million in cash reserves left. The end of the world's most drawn out tragicomedy is finally nigh.

 
GoldCore's picture

“This Is A New World Order” - NATO Will Not Allow Greece Leave EU - Faber





He has previously advised to act as your own own central bank and buy physical precious metals as a hedge against currency depreciation and geopolitical crises. Faber believes that storing gold in Singapore is the safest way to own gold today.

 
Tyler Durden's picture

Euro Slides After Reports Troika Is Preparing Greek Plan B, C, & D Including Parallel Currency





Earlier we detailed reports that The IMF was preparing a contingency plan in the event of a Greek default, and furthermore that Andrea Merkel was under increasing pressure to "let Greece go," and now, as Eurogroup ministers begin to gather for today's crucial 'deal-or-no-deal' meeting, Die Welt reports The Troika has 4 scenarios for Greece  - one positive and three increasingly negative ranging from the need for further bailouts to paying staff in IOUs and issuing a parallel currency.

 
Tyler Durden's picture

Merkel Under Pressure To Let Greece Go As Default Risk Rises





Members of Angela Merkel's Christian Democratic bloc are pushing the Chancellor to let Greece leave the euro, with some lawmakers saying the EU would be better off without the Greeks. Meanwhile, German FinMin Schaeuble warns of "accidental" insolvency.

 
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