Lehman

Dallas Fed Hovers Near 'Lehman' Levels Despite Surge In Hope

The diversified "we're not just oil" economy continues to collapse. Missing expectations for the 17th month of the last 20, Dallas Fed printed -31.9, now in contraction for 14 straight months. While New Orders, Capacity Utilization, Inventories, Prices Paid, Prices Received, Wages, Employment, Hours Worked and CapEx all fell, but future expectations "hope" rose notably from -24.0 to -2.1 (but obviously still a negative expectation).

Japanese 'Margin' Traders Suffer Biggest Losses "Since Lehman"

Mrs Watanabe has a major problem. Following Kuroda's regime shift to NIRP (and the ensuing collapse of Japanese stocks and USDJPY), the herded masses of leverage speculators - who bought on the back of China-like promises and Peter-Pan(ic) hopes from the government that everything will be awesome - are suffering the largest unrealized losses since Lehman. Let's hope Kuroda can do something before the unrealized becomes 'realized' and waterfalls through the real economy (and the world's collateral chains).

Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve

When a leading nominee for President gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct.  Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.  The funny thing is that the Federal Reserve is not even part of the federal government.  It is an independent private central bank that was designed by very powerful Wall Street interests a little over 100 years ago.  It is at the heart of the debt-based financial system which is eating away at America like cancer, and it has no direct accountability to the American people whatsoever.

"Worst Since Lehman"

If "everything's fixed," then why is the number of distressed debt issuers still the highest "since Lehman."

Quant Fund Carnage: Are Market-Neutral Funds Facing Another August 2007?

For equity market-neutral funds, there is a phrase more chilling than "worst since Lehman" and that is the quant meltdown in "August 2007" that put many funds out of business. While the mainstream media remains focused elsewhere, the last two weeks have seen equity market-neutral funds 'crash' (and today it is getting worse) as momentum factors diverge and memories of the 2007 bloodbath come back... as this forced unwind drives the current ramp.

Repricing Reality

It ought to be a foregone conclusion that Mr. Obama’s replacement starting January 20, 2017 will preside over conditions of disorder in everyday life and economy never seen before. For the supposedly thinking class in America, the end of reality-optional politics will come as the surprise of their lives.

SocGen: "The Market, Today, Is Clearly Hoping The Authorities Will Step In"

"With the introduction of negative rates and the subsequent rise in the Yen, are the Japanese authorities, once again, about to snatch defeat from the jaws of victory, as has happened so many times in the past? The market, today, is clearly hoping the authorities will step in.... whilst QE typically pushed investors out of bonds into riskier assets, negative interest rates could potentially do the exact opposite. "