India
Seymour Hersh Bombshell: US Military Shared Intelligence With Assad In Defiance Of Obama, CIA
Submitted by Tyler Durden on 12/22/2015 23:15 -0500In 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."
The Fed's Grinchmas Message To Markets: This Is As Good As It Gets, Mizuho Warns
Submitted by Tyler Durden on 12/22/2015 15:10 -0500The 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.
7 Reasons Why Oil Could Fall Even Lower Before Christmas
Submitted by Tyler Durden on 12/21/2015 14:10 -0500Oil'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.
Apple Cuts Latest iPhone Prices By 16% In India As AAPL Stock Re-Enters Bear Market
Submitted by Tyler Durden on 12/21/2015 08:50 -0500Today 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.
Caught On Tape: The Ssssurprising Way Indians 'Deal' With Government Corruption
Submitted by Tyler Durden on 12/20/2015 21:00 -0500Unhappy 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...
False Premises: The Biggest Myths About The Fed's Rate Hike
Submitted by Tyler Durden on 12/20/2015 19:15 -0500The 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!
2015 Year In Review - Scenic Vistas From Mount Stupid
Submitted by Tyler Durden on 12/19/2015 20:35 -0500- Alan Greenspan
- Albert Edwards
- Ally Bank
- Apple
- Baltic Dry
- Bank of America
- Bank of America
- Bank of England
- Bank of International Settlements
- Bank of Japan
- Barry Ritholtz
- Bear Market
- Ben Bernanke
- Ben Bernanke
- Bill Gross
- Black Friday
- Black Swan
- Bob Janjuah
- Bond
- Book Value
- Brazil
- Bridgewater
- Capital Expenditures
- Carlyle
- Cato Institute
- Central Banks
- Chicago PMI
- China
- Chris Martenson
- Chrysler
- Citadel
- Cliff Asness
- Counterparties
- CRAP
- Credit Conditions
- Creditors
- Crude
- David Einhorn
- David Rosenberg
- default
- Demographics
- Department of Justice
- Deutsche Bank
- Dumb Money
- Equity Markets
- ETC
- European Central Bank
- Eurozone
- Federal Reserve
- FINRA
- fixed
- France
- Futures market
- GE Capital
- Germany
- Glencore
- Global Economy
- Global Warming
- Gluskin Sheff
- Greece
- Gundlach
- Hayman Capital
- Holiday Cheer
- Hyperinflation
- Illinois
- India
- Iran
- Iraq
- Israel
- Italy
- Janet Yellen
- Japan
- Jeff Gundlach
- Jeremy Grantham
- Jim Cramer
- Jim Reid
- Jim Rickards
- Joe Saluzzi
- John Hussman
- John Maynard Keynes
- Kazakhstan
- Ken Griffin
- KIM
- KKR
- Kyle Bass
- Kyle Bass
- Larry Summers
- LBO
- Lehman
- Mark Spitznagel
- Market Manipulation
- Maynard Keynes
- McKinsey
- Mervyn King
- Mexico
- MF Global
- Michigan
- Middle East
- Milton Friedman
- Monetary Policy
- Money Velocity
- Morgan Stanley
- Natural Gas
- New York Fed
- New York Stock Exchange
- Nikkei
- None
- Norway
- Paul McCulley
- Paul Tudor Jones
- Paul Volcker
- Precious Metals
- Quantitative Easing
- Rahm Emanuel
- Random Walk
- Ray Dalio
- Real estate
- Recession
- recovery
- Rick Santelli
- Robert Shiller
- Rosenberg
- Sovereign Debt
- Sovereigns
- St Louis Fed
- St. Louis Fed
- State Street
- Stephen Roach
- SWIFT
- Swiss National Bank
- Switzerland
- Themis Trading
- Transparency
- Treasury Department
- Unemployment
- University of California
- University Of Michigan
- Value Investing
- Wall Street Journal
- Warren Buffett
- Wholesale Inventories
- Willem Buiter
- Yield Curve
“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey
ISIS, Al Qaeda And The CIA: The Documented Connection
Submitted by Tyler Durden on 12/17/2015 18:55 -0500It 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.
Global Stocks, Futures Continue Surge On Lingering Rate Hike Euphoria
Submitted by Tyler Durden on 12/17/2015 06:59 -0500- Aussie
- Boeing
- Bond
- Brazil
- Centerbridge
- China
- Conference Board
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Fed Fund Futures
- Fitch
- fixed
- Germany
- Gilts
- High Yield
- Housing Starts
- India
- Initial Jobless Claims
- Japan
- Jim Reid
- Monetary Policy
- Nat Gas
- New Zealand
- Nikkei
- Norges Bank
- Philly Fed
- Price Action
- RANSquawk
- Trade Deficit
- Unemployment
- Yen
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.
Economic Disaster
Submitted by Sprott Money on 12/17/2015 05:58 -0500Now, 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.
Presenting Saxo Bank's 10 "Outrageous Predictions" For 2016
Submitted by Tyler Durden on 12/16/2015 17:40 -0500- Australia
- B+
- Black Swan
- Bond
- Brazil
- Bridgewater
- Capital Markets
- China
- Consumer Confidence
- Copper
- Corporate Leverage
- Crude
- Crude Oil
- Donald Trump
- European Central Bank
- Federal Reserve
- Futures market
- Glencore
- High Yield
- India
- Investment Grade
- Iran
- Janet Yellen
- Lehman
- Meltdown
- Monetary Policy
- Nomination
- OPEC
- Ray Dalio
- Reality
- Recession
- recovery
- Risk Premium
- Saxo Bank
- Ukraine
- Unemployment
- Volatility
"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!"
Frontrunning: December 16
Submitted by Tyler Durden on 12/16/2015 07:39 -0500- 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)
China's Currency Continues To Tumble As AsiaPac Credit Markets Plunge, EM Stocks Lowest Since 2009
Submitted by Tyler Durden on 12/13/2015 20:20 -0500Following 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.
India's Failing Gold Monetization Scheme: Seizure Imminent?
Submitted by Tyler Durden on 12/13/2015 19:25 -0500“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.”
Emerging Market Vulnerability - The Most Likely For Disruption From Fed Liftoff
Submitted by Tyler Durden on 12/12/2015 21:25 -0500
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.



