India

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Seymour Hersh Bombshell: US Military Shared Intelligence With Assad In Defiance Of Obama, CIA





In a shocking new report, Seymour Hersh reveals what he says was a covert operation run by the Joint Chiefs of Staff who sought to undermine the Obama administration and the CIA's goal of overthrowing the Assad regime in Syria. "If the American public saw the intelligence we were producing daily, at the most sensitive level, they would go ballistic."

 
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The Fed's Grinchmas Message To Markets: This Is As Good As It Gets, Mizuho Warns





The first Fed rate hike in seven years was supposed to trigger a powerful equity rally as the bulls expected money to pour out of bonds into stocks; especially into the cyclicals. Unfortunately for the equity bulls,, as Mizuho's Steve Ricchiuto notes, this time things are different and instead of the Fed rate hike triggering the traditional Santa Claus rally; it looks like the FOMC is actually the Grinch. The key message delivered by the Fed though the SEP, the DOTS and the Chair’s post meeting press conference is that this is the best the economy is going to get.

 
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7 Reasons Why Oil Could Fall Even Lower Before Christmas





Oil's hope for a bottom anytime soon appears to stand Snow White's chance in hell of coming true. Seventy-eight years after Walt Disney released the first full-length animated feature, and seven factors in today’s crude complex are dwarfing crude prices.

 
Tyler Durden's picture

Apple Cuts Latest iPhone Prices By 16% In India As AAPL Stock Re-Enters Bear Market





Today we get another confirmation just how bad Apple end-demand has become, with news out of India that Apple has cut prices of its latest iPhone 6s and iPhone 6s Plus by up to 16% just two months after their launch in India to boost flagging sales in what is historically its most crucial quarter as demand for the flagship devices nosedived from a Diwali high.

 
Tyler Durden's picture

Caught On Tape: The Ssssurprising Way Indians 'Deal' With Government Corruption





Unhappy with the demands for bribes from local officials, a disgruntled snake-charmer in the Uttar Pradesh region of Northern India took anti-corruption matters into his own hands...

 
Tyler Durden's picture

False Premises: The Biggest Myths About The Fed's Rate Hike





The premises of the rate increase are several: that the Fed knows best what interest rate is good for the economy... that a recovery is sufficiently established to permit an end to the emergency micro rates of the last seven years... and that otherwise everything is more or less hunky-dory. And they are all false!

 
Tyler Durden's picture

2015 Year In Review - Scenic Vistas From Mount Stupid





“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey

 
Tyler Durden's picture

ISIS, Al Qaeda And The CIA: The Documented Connection





It was recently written in the Washington Post that many Shia Iraqis harbor the conspiratorial belief the US created the Islamic State to destroy Iraq.  Conspiracy theory becomes conspiracy fact. 

 
Tyler Durden's picture

Global Stocks, Futures Continue Surge On Lingering Rate Hike Euphoria





Heading into the Fed's first "dovish" rate hike in nearly a decade, the consensus was two-fold: as a result of relentless telegraphing of the Fed's intentions, the hike is priced in, and it will be a "dovish" hike, with the Fed lowering its forecast for the number of hikes over the next year. Consensus was once again wrong on both accounts: first the rate hike was far more hawkish than most had expected (see previous post), and - judging by the surge in Asian, European stocks and US equity futures - the "market" simply is enamored with such hawkish hikes which will soon soak up trillions in liquidity from the financial system.

 
Sprott Money's picture

Economic Disaster





Now, slave, get back to work, if you have a job, and make sure you save some energy for your other part time employment as you will be going to those jobs later today. 

 
Tyler Durden's picture

Presenting Saxo Bank's 10 "Outrageous Predictions" For 2016





"The irony in this year’s batch of outrageous predictions is that some of them are “outrageous” merely because they run counter to overwhelming market consensus. In fact, many would not look particularly outrageous at all in more “normal” times – if there even is such a thing!"

 
Tyler Durden's picture

Frontrunning: December 16





  • Fed Poised to Mark the End of an Era (Hilsenrath)
  • Fed opens meeting to put an end to crisis era policy (Reuters)
  • Fed's Historic Liftoff and Everything After: Decision Day Guide (BBG)
  • Emerging Markets Gird for Fed Rate Increase (WSJ)
  • What 7 Years at Zero Rates Have Looked Like (BBG)
  • 5 Things to Watch at the Fed Meeting (WSJ)
 
Tyler Durden's picture

China's Currency Continues To Tumble As AsiaPac Credit Markets Plunge, EM Stocks Lowest Since 2009





Following weakness in the middle-east and as WTI prices slide back into the red (on the heels of record speculative shorts in crude oil), Asia-Pac stocks are opening to the downside (but only modestly). On the bright side, the ZARpocalypse has been delayed briefly as the Rand is rallying on the back of Zuma hiring a new finance minister. On the dark side, offshore Yuan continues to plummet, down 6 of the last 7 days (down 14 handles!) and the Yuan fixed weaker for the 6th day in a ro wto July 2011 lows. and signaling more turmoil ahead of The Fed's decision. AsiaPac credit markets are gapping notably wider, EM stocks down 9th day in a row to 2009 lows, and EM FX is plunging.

 
Tyler Durden's picture

India's Failing Gold Monetization Scheme: Seizure Imminent?





“A finance ministry official said if banks fail to win over temples, the government could intervene directly as it is looking for a big boost to the scheme to keep both imports and the current account deficit under control.”

 
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Emerging Market Vulnerability - The Most Likely For Disruption From Fed Liftoff





The build-up in credit or leverage in many Emerging Market economies has been an important focus for EM investors given historical episodes of credit crunches and subsequent growth slowdowns. While broadly speaking, EM stocks began to drastically underperform DM stocks at the start of QE3, Goldman summarizes in a heat map, the EM nations with greatest potential for the upcoming Fed liftoff to cause a major disruption.

 
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