Kraft

Tyler Durden's picture

Two Thirds Of Gen X Households Have Less Wealth Than Their Parents Did At The Same Age





Just how badly is Generation X doing? Bad enough to turn around the entire concept of middle-class prosperity in America - one where every next generation should do better than the preceding one - on its head. "Only one-third of Generation X households had more wealth than their parents held at the same age, even though most earn more, The Pew Charitable Trusts found." And there, in a nutshell, is your so-called recovery: two thirds of an entire generation - one which is in its prime working years - doing worse than the one before them!

 
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Frontrunning: June 9





  • Attorneys Known for Large Civil Settlements Line Up to Sue GM Over Company's Handling of Defective Ignition Switches (WSJ)
  • Pakistani Taliban attack airport in Karachi, 27 dead (Reuters)
  • U.S. Official: Sgt. Bowe Bergdahl Has Declined to Speak to His Family (WSJ)
  • Ukraine Gas Talks Resume in Brussels to Avoid Cut-off This Week  (BBG)
  • China's Central Bank Flexes Muscle (WSJ)
  • China says Vietnam, Philippines' mingling on disputed isle a 'farce' (Reuters)
  • World Needs Record Saudi Oil Supply as OPEC Convenes (BBG)
  • Kraft Raises Prices on Maxwell House, Yuban U.S. Coffee Products (BBG)
  • United Continental: One Sick Bird (WSJ)
 
Tyler Durden's picture

The All-Time-High In The Dow Jones Industrial Average Is A Hoax





The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits during the take-off phase and acceleration phase of industrial revolutions are perfect transition-indicators. The similarities of these indicators during the last two revolutions are fascinating, but also a reason for concern. In fact the graph of the DJIA is a classic example of fictional truth, a hoax.

 
Tyler Durden's picture

Frontrunning: April 14





  • Three dead in shootings at Kansas Jewish centers; man to face charges (WSJ)
  • Sanctions Blowback in Russia Targets Burgers to Movies (BBG)
  • Deadly Virus's Spread Raises Alarms in Mideast (WSJ)
  • China group buys $6bn Glencore Peru copper mine (BBG)
  • Iran lodges complaint against United States over U.N. envoy ban (Reuters)
  • Russian assets down sharply on Ukraine conflict fears (Reuters)
  • ECB comments knock euro, but not much (Reuters)
  • World-Leading $25 Hourly Wage Roils Swiss Businesses (BBG)
 
Tyler Durden's picture

Frontrunning: November 14





  • Yellen to defend Fed's ultra-easy monetary policy (Reuters)
  • Japan growth slows on global weakness (WSJ)
  • Eurozone third-quarter growth falters (FT)
  • Fed Debates Its Low-Rate Peg (Hilsenrath)
  • Yellen: Economy Still Needs Fed Aid (WSJ)
  • ‘Obamacare’ launch fiasco rouses sceptics (FT)
  • DoubleLine's Gundlach says U.S. equities 'only game in town' (Reuters)
  • Indian Inflation Exceeding Estimates Adds Rate-Rise Pressure (BBG)
  • HUD Said to Fail in Bid to Sell $450 Million of Mortgages (BBG)
  • Boeing machinists reject labor deal on 777X by 67 percent (Reuters)
 
Tyler Durden's picture

Frontrunning: November 13





  • Desperate Philippine typhoon survivors loot, dig up water pipes (Reuters)
  • Fading Japanese market momentum frustrates investors (FT)
  • China's meager aid to the Philippines could dent its image (Reuters)
  • Headline du jour: Granted 'decisive' role, Chinese markets decide to slide (Reuters)
  • Central Banks Risk Asset Bubbles in Battle With Deflation Danger (BBG)
  • Navy Ship Plan Faces Pentagon Budget Cutters (WSJ)
  • Investors pitch to take over much of Fannie and Freddie (FT)
  • To expand Khamenei’s grip on the economy, Iran stretched its laws (Reuters)
  • Short sellers bet that gunmaker shares are no long shot (FT)
  • Deflation threat in Europe may prompt investment rethink (Reuters)
 
Tyler Durden's picture

Frontrunning: October 31





  • US Blasts Germany's Economic Policies (WSJ)
  • Citigroup, JPMorgan Said to Put Currency Dealers on Leave (BBG)
  • Watchdog: Syria Destroys Chemical-Arms Equipment (WSJ)
  • Kynikos Alumni Start Hedge Fund Betting on Declining Stocks (BBG)
  • China state media calls for stern action after Tiananmen attack (RTRS)
  • IMF warns of financial shock risk to Africa (FT)
  • Insurers Oppose Obamacare Extension as Danger to Profits (BBG)
  • BoJ content to ignore Fed tapering and go its own way (FT)
  • U.S. attorney wants DOJ to take civil action against BofA (RTRS)
  • NSA Fallout Hits AT&T's Ambitions In Europe (WSJ)
 
Tyler Durden's picture

Merkel's Mounting Imbalances





As Angela Merkel prepares for her third term - in whatever odd coalition that lurches from the election - the following four charts may surprise many that believe in the core European nations' dominance uber alles. As Bloomberg's Niraj Shah notes, Merkel may find rebalancing the German economy, as its reliance on exports increases, harder than ever. The low levels of growth, high trade balances, excepotionally low consumption and homeownership, and growing "shadow" economy all point to a European core that is far from the beacon of stability so many assume it to be.

 
Tyler Durden's picture

Frontrunning: August 8





  • Fukushima: "300 metric tons of contaminated water were likely leaking into the ocean daily" (WSJ)
  • Unexpected strength in China trade data eases some gloom (Reuters) - actually, perfectly expected data fakery
  • Pimco, BlackRock Seek to Bar California Mortgage Seizures (BBG)
  • How will Amazon's Bezos change The Washington Post? (Reuters)
  • Montreal Maine Railway Files for Bankruptcy After Crash (BBG)
  • Fed Belongs to Everybody as Public Says It’s Our Money in Crisis (BBG)
  • Local Russian TV channel broadcasts rare critical segment about Putin (Reuters)
  • Loeb’s Reinsurer With No U.S. Staff Gains From Obama’s Jobs Act (BBG)
  • As Berlusconi star fades, daughter Marina tipped as new leader (Reuters)
  • Detroit Rattles Muni Market (WSJ)
 
Tyler Durden's picture

Frontrunning: June 21





  • Turmoil Exposes Global Risks (WSJ)
  • China Money Rates Retreat After PBOC Said to Inject Cash (BBG)
  • Fed Seen by Economists Trimming QE in September, 2014 End (BBG)
  • Booz Allen, the World's Most Profitable Spy Organization (BBG)
  • Abe’s Arrows of Growth Dulled by Japan’s Three Principles (BBG)
  • China steps back from severe cash crunch (FT)
  • Smog at Hazardous as Singapore, Jakarta Spar Over Fires (BBG)
  • U.S. Weighs Doubling Leverage Standard for Biggest Banks (BBG)
 
Tyler Durden's picture

Frontrunning: May 16





  • As scandals mount, White House springs into damage control (Reuters)
  • Glencore Xstrata chairman ousted in surprise coup (Reuters), former BP CEO Tony Hayward appointed as interim chairman (WSJ)
  • JPMorgan Chase asks Bloomberg for data records (Telegraph)
  • Platts Retains Energy Trader Confidence Amid Price-Fix Probe (BBG)
  • Syrian Internet service comes back online (PCWorld)
  • Japan Q1 growth hits 3.5% on Abe impact although fall in business investment clouds optimism for recovery (FT)
  • Soros Joins Gold-Stake Cuts Before Bear Market Drop (BBG)
  • Factory Ceiling Collapses in Cambodia (WSJ)
  • Sony’s $100 Billion Lost Decade Supports Loeb Breakup (BBG)
  • Snags await favourite for Federal Reserve job (FT)
  • James Bond’s Pinewood Turned Down on $300 Million Plan (BBG)
 
Tyler Durden's picture

Frontrunning: May 3





  • U.S. Bulks Up to Combat Iran (WSJ)
  • Taking sides in Syria is hard choice for Israel (Reuters)
  • Gold Traders Most Bearish in Three Years After Drop (BBG)
  • It's a Hard Job Predicting Payrolls Number  (WSJ)
  • EU economies to breach deficit limits as economic picture darkens (FT)
  • IBM Says U.S. Justice Investigating Bribery Allegations (BBG)
  • At Texas fertilizer plant, a history of theft, tampering (Reuters)
  • SAC Sets Plan to Dock Pay in Cases of Wrongdoing (WSJ) - "in case of"?
  • EU to propose duties on Chinese solar panels (Reuters)
  • Billionaire Kaiser Exploiting Charity Loophole With Boats (BBG)
  • SEC Zeroing In on 'Prime' Funds (WSJ)
  • Apple Avoids $9.2 Billion in Taxes With Debt Deal (BBG)
  • China April official services PMI at 54.5 vs 55.6 in March (Reuters)
 
Tyler Durden's picture

The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"





The topic of Illinois' various insolvent pension systems is not news to regular Zero Hedge readers. One needs but to recall our articles from mid/late 2010: "61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS", "Illinois' Pension Fund Death Spiral Revisited: "10 Years Of Money Left" or "Illinois Teachers' Retirement System Enters The Death Spiral: AIG Wannabe's Go-For-Broke Strategy Fails As Pension Fund Begins Liquidations" in which we clearly explained how the state's teachers pension fund was systematically doing everything in its power to mask its massive underfunding, and the fact that it was rapidly running out of money. The retiremnet fund, in turn, took things very personally, prompting Dave Urbanek, Public Information Officer at the Teachers’ Retirement System of the State of Illinois (TRS), to write an impassioned response to Zero Hedge denying all allegations. Today, over two years after the above news, the SEC finally concluded their analysis of one part of the massively underfunded Illinois Pension system and found the Illinois failed to inform investors about the impact of problems with its pension funding schedule as the state offered and sold more than $2.2 billion worth of municipal bonds from 2005 to early 2009. The SEC also said Illinois failed to disclose that it had underfunded the state's pension obligations, increasing the risk to its overall financial condition.

 
hedgeless_horseman's picture

This Rabbit Hutch Kills Fascists





No single drop of water ever believes it is responsible for the flood.  I do know that it is incredibly satisfying to take action.  What is the saying?  Knowledge without action is insanity.

 
Tyler Durden's picture

Winners And Losers From This Year's Nasdaq-100 Reconstitution





Last night, the NASDAQ announced that Facebook (FB) will replace Infosys (INFY) in the NASDAQ-100 index. This change will become effective next Tuesday, December 11, after market close. This is merely the first swap in what is an annual Index reconstitution tradition for the tech-heavy, IPO-error prone index: next Friday, December 14, the NASDAQ will announce the official full list of new entrants and exit-ants from the index, which will take place on December 21, which usually serves as a technical buying boost for the new members, while those companies kicked out see substantial selling pressure as index funds no longer have to own the names. Below we present an analysis by Deutsche Bank's Bo Huang who lists, in order of conviction the names most likely to benefit (additions), and be punished (removals), from the reconstitution.  The names likely most likely to benefit: Kraft Foods, Regeneron, Libery Media, Analog Devices, Catamaran and Equinix. On the other hand, those holding Netflix, Apollo Group, Warner Chilcott, Green Mountain Coffee, Electronic Arts, Flextronics, or the recent Lazarus, until a month ago left for dead, Research in Motion, may want to quietly sell their holdings. They will likely have a better re-entry point after next Friday's announcement and prompt reallocation.

 
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