• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Lehman Brothers

Tyler Durden's picture

Gold, Political Instability, & Why QE Was The Worst Thing In The World





"You can’t deny the price action. Over the last few weeks, it is positively buoyant. If I were short, my butt cheeks would be tightening up. I’m starting to develop a theory, which is crazy, but then again... it might not be entirely crazy. You can help me decide. Maybe gold is starting to price in some of this political instability. Maybe it is starting to price in a Sanders or Trump presidency."

 
Tyler Durden's picture

Capital Formation Collapses - IPO Market Crashes To Post-Crisis Lows





Zero... nada... zip! That's how many IPOs have started trading on US exchanges in 2016 so far... In fact, January 2016 was globally the worst month for capital formation (IPOs) since August 2008.

 
Tyler Durden's picture

George Soros: "Europe Is On The Verge Of Collapse"





"China will exert a negative influence on the rest of the world by reinforcing the deflationary tendencies that are already prevalent. China is responsible for a larger share of the world economy than ever before and the problems it faces have never been more intractable...the EU is on the verge of collapse. The Greek crisis taught the European authorities the art of kicking the can down the road, although it would be more accurate to describe it as kicking a ball uphill so that it keeps rolling back down. The EU now is confronted with not one but five or six crises at the same time."

 
Tyler Durden's picture

S&P's Downgrade (By A German Analyst) Is A "Politically-Motivated" Decision Aimed At Polish Authorities





The Standard and Poor’s rating agency, notorious for its controversial assessments, has this time bashed Poland in the wake of the anti-Polish frenzy whipped up by the European media. To be more precise, Poland was assailed by a German S&P analyst who lowered Poland’s rating from A- to BBB+, despite the economic data that by no means warrant such an evaluation.

 
Tyler Durden's picture

Proving Wall Street Strategists Are "Full Of Bull"





How overoptimistic are Wall Street forecasts year in and year out? On average, forecasts were wildly bullish, even with the gains in recent years with results no better than a coin toss as to whether the S&P came in above or below the average forecast. Nonetheless, every year had one thing in common: Not once did a consensus predict a down year.

 
Tyler Durden's picture

DVA Is Dead: Banks Will No Longer "Profit" From Collapsing





The debt valuation adjustment, or DVA, will no longer be included in net income, according to revisions to the fair-value measurement standard published by the Financial Accounting Standards Board Tuesday.  The DVA rule increased net income when a bank’s bonds tanked, on the theory that the firm could buy back its bonds at a lower price and benefit from the decline in value.

 
Phoenix Capital Research's picture

During the Next Crisis, Central Banking Itself Will Fail





The situation is clear: the 2008 Crisis was the warm up. The next Crisis will be THE REAL Crisis. The Crisis in which Central Banking itself will fail.

 
 
Tyler Durden's picture

Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years





In the end, the Fed did not surprise, and raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with previous projections. The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent.

 
Tyler Durden's picture

The Coincidences Are Just Too Eerie: This Is The Last Time CCC Yields Were Here And Rising





When was the last time the same index was at precisely 17.24% and rising? The answer: the weekend Lehman Brothers filed for bankruptcy

 
Tyler Durden's picture

The Eerie Echo Of 2007: It Really Is Bear Stearns, All Over Again





In a supreme twist of irony, Bear Stearns is back - maybe not the firm itself - but the people who were in charge of its distressed and junk bond trading group, and just like the summer of 2007, it is an ex "Bear"-run hedge fund that was the first to gate, just as the credit cycle is turning and the default cycle has begun, as we explained last week, just one day before everyone's attention finally focused on junk debt.

 
Tyler Durden's picture

George Orwell, Edward Bernays & Perpetual War





George Orwell explained the cynical mechanism of Perpetual War in "1984" as a means to control the masses through terror and scarcity. Western Civilization has been embroiled in various continuous wars since Hitler invaded Poland. The Western public has passively abided Perpetual War, not because of scarcity, but because of consumer abundance, which was developed by virtually anonymous men like Edward Bernays in the 1920s. This is how men in the shadows transformed the American citizen into the American consumer, thus turning the public into a docile, unwitting accomplice in the mayhem which envelops the globe which so enriches those on high.

 
Tyler Durden's picture

In NYT Op-Ed, Hillary Lays Out How She'd "Rein In Wall Street" (And No, Not By Demanding Even More Donations)





Overnight Hillary Clinton, in her latest populist push to present herself as "one of the people" wrote a NYT op-ed explaining "How I'd Rein In Wall Street", we were wondering if it would include draining Wall Street balance sheets with mandatory and far greater donations to her campaign by Wall Street firms - a strategy that may actually work as it hits banks where it hurts the most: their money. To our disappointment, this was not included.

 
Phoenix Capital Research's picture

The Shocking True State of the Financial System Today





The global Central Banks have literally bet the financial system that their theories will work.  They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.

 
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