• derailedcapitalism
    10/12/2015 - 22:56
    Stretched debt-to-income, increased contract work (to the detriment of full-time work), and record housing prices are forcing Canadians to monetizing assets through ride-sharing, AirBnB and through...


Tyler Durden's picture

Project "Make Everyone German" Has Failed...

Eurocrats have spent untold billions of other people’s money to save face, just so they wouldn’t have to admit that Project “Make Everyone Germany” has failed. But what they never acknowledged was that no matter how much they extend and pretend, the disease will always reach its crisis. And this financial disease is going to slay the patient. History is very clear on this point: debt kills.

Tyler Durden's picture

Frontrunning: June 29

  • China’s Stocks Enter Bear Market as Rate Cut Fails to Stop Rout (BBG)
  • Stocks Tumble Around the World on Greek Crisis (WSJ)
  • Some say back to the drachma for a Greek reboot (Reuters)
  • Greece Imposes Capital Controls as Fears of Grexit Grow (BBG)
  • Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece (NYT)
  • Euro off Greece-driven lows after SNB intervenes (Reuters)
  • Western Union to close in Greece for rest of week (Reuters)
  • European banks, bonds shaken by Greek turmoil (Reuters)
Tyler Durden's picture

Germany To Tourists: If You Go To Greece, Bring Plenty Of Cash

With the ATMs running on empty and the banks set to be closed for a week, the German foreign office has some advice for anyone traveling to Greece...

Tyler Durden's picture

G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday

Multiple “emergency” meetings have been scheduled for Sunday as EU officials scramble to figure out how best to deal with what is likely to be a turbulent week and to consider the impact a potential Grexit will have on the currency bloc, its member nations and institutions, and on the global financial system as a whole. Meanwhile, Germany assesses Grexit damage.

Tyler Durden's picture

Greece Invokes Nuclear Option: Tsipras Calls For Referendum

Greek PM Tsipras just delivered the biggest Friday night bomb in recent European history: he stunned the Troika and his peers in Europe with the biggest shocker of all - a referendum announcement, aka the Greek "nuclear option", something which cost his predecessor George Papandreou his job. At this point there is no turning back, and the Greeks - of which 80% want to stay in the Euro even as 80% want an end to austerity - will get to choose their own fate. Whatever choice they make, they will now only have only themselves to blame.

Tyler Durden's picture

China Politburo Opines On Market Crash: "Black Friday Massacre"

"Black Friday. China shares dive 7.4%... How much further will it fall after this massacre?"

"It's a do-or-die moment for all investors... If retail investors become skittish now, panic selling will continue next week."

Tyler Durden's picture

Apple Pulls All Civil War Games From The App Store

Moments ago we learned that none other than that ultimate "arbiter" on all things moral and ethical, Apple itself, entered the fray with a decision to remove all Civil War games from its App Store! According to MacRumors, "Apple has removed seemingly all Civil War games from the App Store for displaying the Confederate Flag in "offensive and mean-spirited ways," our sister website TouchArcade has learned. Apple has sent a removal letter to affected developers to inform them that their app does not comply with Section 19.1 of the App Store Review Guidelines."

Tyler Durden's picture

Frontrunning: June 24

  • Greece Handed New Terms as Tsipras Approaches Decision Time (BBG)
  • As U.S. Probes $12.7 Trillion Treasury Market, Trader Talk Is a Good Place to Start (BBG)
  • Signs Swedish QE Backfiring as Liquidity Evaporates (BBG)
  • ECB approves ELA funding requested by Greece- banking source (Reuters)
  • Greek Millennials Can't Find Work But Actually Want to Keep the Euro (BBG)
  • Greek deal or not, the euro is now a different beast (Reuters)
  • Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge (BBG)
  • The World's Biggest Economies Are About to Feel the Impact of China's Slowdown (BBG)
  • Senate Clears Trade Bill’s Way to Passage (WSJ)
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

Frontrunning: June 19

  • Greek PM optimistic on debt deal as banks bleed (Reuters)
  • Greek central bank chief says banking system stable (Kathimerini)
  • ECB Said to Confer on Emergency Greek Aid Amid Cash Flight (BBG)
  • More tax "avoidance": Citigroup to shift European retail banking HQ to Dublin (Reuters)
  • Florist's tip led police to Charleston shooting suspect (USAToday)
  • Asian shares edge higher on Fed caution, China sell-off intensifies (Reuters)
  • Toyota in damage control mode after American exec arrested (Reuters)
  • Venezuela Oil Loans Go Awry for China (WSJ)
Tyler Durden's picture

Moscow Furious After Both Belgium And France Freeze Russian State Assets

Both France and Belgium have moved to freeze Russian state assets on Thursday, prompting an angry response from Moscow and serving to further inflame tensions between Russia and Europe amid escalating violence in Ukraine and an increasingly aggressive stance towards the Kremlin on the part of Washington and NATO.

Tyler Durden's picture

Europe Folds? German Zeit Reports EU, ECB Will Extend Aid To Greece Without IMF; Merkel Denies



Tyler Durden's picture

Europe Considers Emergency Debt Writeoffs As Greece Faces "Ungovernable Chaos"

European creditors will reportedly consider writing down their Greek debt in order to get the IMF back to the table and make the country's long-term prospects more sustainable. Meanwhile, Greeks are taking to the streets and one portfolio manager warns of anarchy. 

Tyler Durden's picture

Bundesbank Chief Says "Nein" To Cash Ban

As the calls for a cashless society grow louder, Bundesbank chief Jens Weidmann still believes "every citizen should continue to pay as he wants, so, cash or cashless."

Tyler Durden's picture

Frontrunning: June 16

  • Greek PM sticks to hard line as contagion hits euro zone bonds (Reuters)
  • Greek Deadlock Has Leader Hoping for Miracle to Avoid Default (BBG)
  • Greek Showdown Puts Merkel's Teflon Legacy at Risk (BBG)
  • Greek standoff saps Europe, dollar swings ahead of Fed (Reuters)
  • Allianz Increased Holdings of Greek Debt as Its Largest Investor (BBG)
  • French Bonds Infected as Greek Crisis Swells Euro-Region Spreads (BBG)
  • Statoil to cut 1,500 more jobs as savings drive intensifies (FT)
  • UnitedHealth, Anthem Seek to Buy Smaller Rivals (WSJ)
  • Five Million Reasons Why China Could Go to War (BBG)
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