Italy
Bill Gross Warns Of Demographic Doomsday
Submitted by Tyler Durden on 01/07/2016 10:08 -0500"Demographics may not rule absolutely, but they likely will dominate investment markets and returns for the next few decades until the Boomer phenomena fades away. The 1% – in addition to the 99 – will need extra doses of Xanax, or additional slices of cake, to cope."
Global Stocks Crash After Spiraling Chinese Devaluation Unleashes Worldwide Chaos And Selling
Submitted by Tyler Durden on 01/07/2016 07:34 -0500- Apple
- Australia
- B+
- Bank of America
- Bank of America
- Bitcoin
- Bond
- Brazil
- China
- Circuit Breakers
- Consumer Confidence
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- fixed
- France
- George Soros
- Germany
- headlines
- High Yield
- Hong Kong
- Initial Jobless Claims
- Italy
- Japan
- KIM
- Kyle Bass
- Kyle Bass
- Market Conditions
- Middle East
- Monetary Policy
- Natural Gas
- Netherlands
- Nikkei
- None
- North Korea
- Oklahoma
- OPEC
- RANSquawk
- San Francisco Fed
- Saudi Arabia
- Shenzhen
- Standard Chartered
- Trade Balance
- Trade Deficit
- Unemployment
- Volatility
- Wells Fargo
- World Bank
- Yen
- Yuan
Once China set the Yuan fixing some 0.5% lower, the biggest drop since the August devaluation, all hell broke loose and unleashed a global selling panic after China's stock market was promptly shut down less than 30 minutes into trading, then European shares dropped the most in more than 4 months as Asian equities plunges, as did US stock futures, the dollar weakened against the euro and the yen; crude plunged to fresh 12 year lows. Gold rose.
Trader Psychology Is Reversing, Scotiabank Warns Market Is "Ripe For Volatility Spikes"
Submitted by Tyler Durden on 01/06/2016 16:40 -0500Market psychology established in recent years is reversing. Market volatility is rising and will remain pervasive for a while as psychology, the change in direction of Fed policy, and the increases in general uncertainties, will all conspire to shape an environment ripe for sharp spikes in volatility which will be further amplified by rickety market liquidity.
The Carnage Returns: Stocks Tumble After Sharp Chinese Devaluation; Brent At 2004 Lows; Gold Surges
Submitted by Tyler Durden on 01/06/2016 06:55 -0500- Apple
- Bank of Japan
- Bear Market
- Bond
- China
- Citigroup
- Consumer Confidence
- Copper
- CPI
- Crude
- Crude Oil
- France
- Germany
- headlines
- High Yield
- Holiday Cheer
- Hong Kong
- Italy
- Japan
- Jim Reid
- Kyle Bass
- Kyle Bass
- Markit
- Middle East
- NASDAQ
- Nasdaq 100
- Nikkei
- North Korea
- Price Action
- RANSquawk
- Reuters
- Shenzhen
- Trade Balance
- Unemployment
- Wall Street Journal
- Yen
- Yuan
Before we go into details of the overnight carnage, this is where we stand currently: S&P futures now down 33 points or 1.63% while 2Y Treasury rallies pushing its yield back below 1% as EU stocks extend their drop after China weakened its currency, North Korea says it tested a hydrogen bomb; Brent crude falls to lowest level since 2004.
Nomi Prins' Financial Road Map For 2016: "The Potential For Chaotic Fluctuations Is Greater Than Ever"
Submitted by Tyler Durden on 01/05/2016 18:15 -0500- Bernie Sanders
- Bond
- Brazil
- Capital Markets
- Central Banks
- China
- Circuit Breakers
- Corruption
- default
- European Central Bank
- Excess Reserves
- Federal Reserve
- Fitch
- Greece
- Investment Grade
- Iran
- Italy
- Janet Yellen
- Japan
- Mexico
- Monetary Policy
- None
- OPEC
- Portugal
- Recession
- recovery
- Saudi Arabia
- Unemployment
- US Dollar Index
- Volatility
- Yuan
We are currently in a transitional phase of geo-political-monetary power struggles, capital flow decisions, and fundamental economic choices. This remains a period of artisanal (central bank fabricated) money, high volatility, low growth, excessive wealth inequality, extreme speculation, and policies that preserve the appearance of big bank liquidity and concentration at the expense of long-term stability. The potential for chaotic fluctuations in any element of the capital markets is greater than ever. The butterfly effect - the flutter of a wing in one part of the planet altering the course of seemingly unrelated events in another part - is on center stage.
Oil Tumbles After Saudis Slash Prices To Europe
Submitted by Tyler Durden on 01/05/2016 10:22 -0500"The Saudis are preparing for Iran’s return," said Mohamed Sadegh Memarian, who recently retired as the head of petroleum market analysis at Iran’s oil ministry, as they sharply cut the prices they charge for crude oil in Europe (to the biggest discount since Feb 2009). The move that will likely undercut Iran happens as sectarian tensions escalate between the rival Middle Eastern nations.
Stocks Resume Rout After Massive Chinese Intervention Fails To Lift Shanghai, Calm Traders
Submitted by Tyler Durden on 01/05/2016 06:52 -0500- Auto Sales
- Barclays
- Bond
- Borrowing Costs
- China
- Cleveland Fed
- Consumer Prices
- Copper
- CPI
- Crude
- Crude Oil
- Economic Calendar
- Equity Markets
- European Central Bank
- Federal Reserve
- fixed
- France
- Germany
- Global Economy
- headlines
- High Yield
- Iran
- Italy
- Jim Reid
- Middle East
- Nikkei
- Non-manufacturing ISM
- Prudential
- RANSquawk
- Real estate
- Recession
- Reuters
- Saudi Arabia
- Shenzhen
- Unemployment
- Volatility
- Yen
- Yuan
After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency. And, after the SHCOMP opened down -3%, the government did not disappoint and promptly intervened in both the Yuan as well as the stock market, however with very mixed results which global stocks took a sign that the "national team" is no longer focused solely on stocks, and have resumed selling for a second consecutive day.
Pretend To The Bitter End
Submitted by Tyler Durden on 01/04/2016 14:45 -0500- Afghanistan
- Bernie Sanders
- Bond
- BRICs
- China
- Corruption
- CRAP
- Detroit
- Donald Trump
- ETC
- Eurozone
- Federal Reserve
- Ford
- France
- Germany
- Global Economy
- Goldilocks
- Great Depression
- Greece
- High Yield
- Iran
- Iraq
- Israel
- Italy
- Japan
- KIM
- Middle East
- NASDAQ
- Nicolas Sarkozy
- Nomination
- North Korea
- Portugal
- Racketeering
- Reality
- recovery
- Saudi Arabia
- SWIFT
- Turkey
- Ukraine
There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize up. Its leaders will be demoralized. Its denizens will act up and act out. Its wealth will evaporate. Given where we are in human history - the moment of techno-industrial over-reach - this crackup will not be easy to recover from. Things have gone too far in too many ways. The coming crackup will re-set the terms of civilized life to levels largely pre-techno-industrial. How far backward remains to be seen.
Mapping China's Hilarious European Stereotypes
Submitted by Tyler Durden on 01/01/2016 17:15 -0500For those wondering what comes to mind for the average Chinese web surfer with regard to nations in Europe, we present the following map from Foreign Policy who “plotted the most common Chinese-language Baidu query for each European nation.” Highlights include "likes to fight" for Russia, "why doesn't it annex Portugal" for Spain, and "beautiful women" for Ukraine.
We're All Fascists Now
Submitted by Tyler Durden on 12/31/2015 21:50 -0500If Donald Trump is a megalomaniac salivating over taking control of American Weimar, then both Hillary Clinton and Marco Rubio are führers in the making. The same goes for the rest of the field, where each and every candidate aspires to be the Celebrity-in-Chief. Trump only looks worse because he doesn’t have the benefit of a sympathetic media on his side.
Red Or Green For The Year: Decision Time For US Markets On Last Trading Day Of 2015
Submitted by Tyler Durden on 12/31/2015 07:05 -0500It has come down to this: a year in which the US stock market (led by a handful of shares even as the vast majority of stocks has dropped) has gone nowhere, but took the longest and most volatile path to get there, is about to close either red or green for 2015 based on what happens in today's low-volume session following yesterday's unexpected last half hour of trading "air pocket" which brought the S&P back to unchanged for the year.
Global Stocks, Futures Dragged Lower By Commodities As Oil Slumps Back Under $37
Submitted by Tyler Durden on 12/30/2015 07:02 -0500- 7 Year Treasury
- Apple
- Bank of America
- Bank of America
- Bond
- China
- Copper
- Creditors
- Crude
- Crude Oil
- default
- Economic Calendar
- Equity Markets
- European Central Bank
- Germany
- Hong Kong
- India
- Italy
- KKR
- Kuwait
- Market Manipulation
- Market Sentiment
- Merrill
- Merrill Lynch
- Mexico
- Natural Gas
- New Zealand
- Newspaper
- OPEC
- PIMCO
- Puerto Rico
- Swiss Banks
- Switzerland
- Yuan
With just two days left in 2015, the main driver of overnight global stocks and US equity futures remains the most familiar one of all of 2015 - crude oil, which, after its latest torrid bounce yesterday has resumed the familiar "yoyo" mode, and again stumbled dropping below $37 on yesterday's surprising API 2.9 million crude inventory build, as well several more long-term "forecasts" by OPEC members, with Kuwait now budgeting for $30 oil, while Venezuela's Maduro said the oil price fell to $28/bbl and is "headed downward." As a result U.S. futures declined and European stocks fell, extending their worst December drop since 2002 in thin volume on the last full trading day of the year.
Guest Post: Is The West Disintegrating?
Submitted by Tyler Durden on 12/29/2015 21:00 -0500The movement toward deeper European integration appears to have halted, and gone into reverse, as the EU seems to be unraveling along ideological, national, tribal and historic lines. If these trends continue, and they seem to have accelerated in 2015, the idea of a United States of Europe dies, and with it the EU. And this raises a question about the most successful economic and political union in history - the USA.
Marc Faber Dials In From Thailand, Sees Another Recession
Submitted by Tyler Durden on 12/29/2015 15:30 -0500“I think 10-year USTs are quite attractive because of my outlook for the weakening economy. Actually I believe we’re already entering a recessionin the US. Given the weakness in the global economy and the deceleration of growth in the U.S., I would imagine that by next year the Fed will cut rates once again and launch QE4."
The Number Of Young Adults Living With Their Parents Has Never Been Higher (But It Could Be Worse)
Submitted by Tyler Durden on 12/25/2015 19:13 -0500Three years after 2012, Goldman has finally admitted that all the talk about a major exodus of your Americans from parental houses and into the harsh crony capitalist world, was nothing but hot air. As the chart below shows, the share of 18-34-year-olds living with their parents has never been higher.


