Lloyds

Tyler Durden's picture

Frontrunning: September 17





  • Less Tapering Becomes Tightening Credit No Matter What Fed Says (BBG)
  • Yellen Is Now Top Fed Hopeful (WSJ)
  • Syria - A chemical crime, a complex reaction (Reuters)
  • More ECB collateral: Wrecked cruise ship Costa Concordia raised off rocks in Italy (Reuters)
  • Aging Boomers Befuddle Marketers Eying $15 Trillion Prize (BBG)
  • Abe Turns Pitchman, Says Japan Is Now A Buy (WSJ)
  • Ex-JPMorgan Employees Indicted Over $6.2 Billion Loss (BBG)
  • Barack Obama blinked first in battle for Lawrence Summers (FT)
  • Berlusconi to support Italian government in video message: sources (Reuters)
  • How China Lost Its Mojo: One Town's Story (WSJ)
 
Tyler Durden's picture

Yet Another "Most Important FOMC Meeting Ever" Begins





Overnight trading started with Asian markets continuing where yesterday's S&P 500 fizzle ended, wishing Summers could withdraw from Fed running again, as both the Nikkei and SHCOMP were well lower by the close. Perhaps all the easy multiple-expanding, headline-driven money is made, or perhaps economic fundamentals will finally start having to justify a 17x multiple on the S&P (a good is good regime for those who may be too young, or old, to remember), but overnight US futures were dull, and no doubt anticipating today's start of the "Most important FOMC meeting ever", which concludes tomorrow with an announcement by the Fed of what and how much (if any) tapering it will commence with an eye toward halting QE next summer, although more realistically what will happen is an Untaper being announced before then. While the start of the FOMC meeting is the main event, today we get CPI, TIC flows and the NAHB housing market index. Today's POMO is another modest $1.25-$1.75 billion in the long-end sector.

 
Tyler Durden's picture

Frontrunning: September 9





  • Hedge Funds Cut Back on Fees (WSJ) as we predicted would happen in May
  • Syria's Assad denies chemical weapons use; U.S. presses case for strike (Reuters)
  • Unemployment Falling for Wrong Reason Creates Fed Predicament (BBG)
  • U.S. tapped into networks of Google, Petrobras, others (Reuters)
  • Chinese Zombies Emerging After Years of Solar Subsidies (BBG)
  • Monte Paschi doubles planned capital hike to 2.5 billion euros (Reuters)
  • Loan Size to Be Cut for Fannie, Freddie (WSJ)
  • Japan Growth Revision Opens Door to Sales Tax Rise (FT)
  • Inside the End of the U.S. Bid to Punish Lehman Executives (NYT)
  • Financial Crisis: Lessons of the Rescue, A Drama in Five Acts (WSJ)
  • Time Warner Joins IBM in Health Shift for Retirees (WSJ)
  • Mideast Derails Key Issues in Congress (WSJ)
 
Tyler Durden's picture

Frontrunning: August 22





  • SURPRISE - Goldman Sachs won a preliminary victory to limit losses from a wave of erroneous trades that roiled U.S. options markets (WSJ)
  • HP’s Whitman abandons 2014 revenue growth target (FT) - just keep doing those buybacks and ignore CapEx: revenue growth estimated in 2022
  • Republicans in Echo Before Big Burn Defy Affordable Care (BBG)
  • China's banks to take next step in rate reform push  (Reuters)
  • Berlin’s Consistency on Greece’s Rescue (FT) and lack thereof
  • Summers as Obama Voice of Authority Rides Car Rescue in Fed Race (BBG)
  • Cuomo in Manure Fight as New York Promotes Yogurt (BBG)
  • Yellen’s Ties From London to Shanghai Bypass White House (BBG)
  • Sanctions Gap Allows China to Import Iranian Oil (WSJ)
 
Pivotfarm's picture

Solution to the Economic Problems of the World!





$51, 323, 233, 866, 518. That’s the current global public debt that exists all countries together. Next year it will rise to$54, 020, 847, 580, 179.

 
Tyler Durden's picture

Guest Post: Still Waiting





We do not inhabit a “normal” economy. We live in a financialised world in which our banks cannot be trusted, our politicians cannot be trusted, our money cannot be trusted, and – not least thanks to ongoing spasms of QE and expectations of much more of the same – our markets cannot be trusted. At some point (though the timing is impossible to predict), asset markets that cannot be pumped artificially any higher will start moving, under the forces of inevitable gravitation, lower.

 
Tyler Durden's picture

Frontrunning: August 5





  • Botulism toxin? There's an apology for that - Fonterra CEO apologizes, sees China dairy curbs lifted within days (Reuters)
  • Patent troll-In-Chief strikes again: Veto of Apple Ruling Likely to Upend Big Patent Battles (WSJ)
  • Because scapegoating means justice FTW - SEC Gets ‘Shot in the Arm’ With Victory in Tourre Case (BBG)
  • Insider-Trading Probe Caught in a Washington Knot (WSJ)
  • Miners return to hedging as gold  (FT)
  • Toyota’s $37 Billion Cash Pile Means Turning Point for Abenomics (BBG)
  • Inside the battle at Germany's Siemens (Reuters)
  • ‘One million’ UK workers on zero hours contracts (FT)
  • Wag the dog, part 1984: Iran Seen Trying New Path to a Bomb (WSJ)
  • Tokyo Cheap to Hong Kong Luring Asian Bargain Hunters (BBG)
 
Tyler Durden's picture

Frontrunning: August 2





  • Low Wages Work Against Jobs Optimism (WSJ)
  • Tourre’s Junior Staff Defense Seen Leading to Trial Loss (BBG)
  • Russia gives Snowden asylum, Obama-Putin summit in doubt (Reuters)
  • Fortress to Blackstone Say Now Is Time to Sell on Surge (BBG)
  • Brazil backs IMF aid for Greece and recalls representative (FT), previously Brazil refused to back new IMF aid for Greece, says billions at risk (Reuters)
  • Google unveils latest challenger to iPhone (FT)
  • Swaps Probe Finds Banks Manipulated Rate at Expense of Retirees (BBG)
  • Academics square up in fight for Fed (FT)
  • Potash Turmoil Threatens England’s First Mine in Forty Years (BBG)
  • Dell Deal Close but Not Final (WSJ)
 
Pivotfarm's picture

Chinese and Koreans Keep EU Property Afloat





We are told that the Chinese do not have any money left, that the coffers are empty and that they will have to go the same way as the US and start printing presses rolling along so that the banks end up flush again and the economy rebounds.

 
Tyler Durden's picture

Overnight Levitation Is Back On Hopes Of Draghi Hopium Salvage





Crashing Australian and a miss in South Korean PMIs, following days of weak Japanese data, and a divergence in the official and HSBC Chinese manufacturing indicators to a 15 month high (HSBC PMI sliding to 11 month low) was just the bad news Asian market needed to break out higher from the recent range and thanks to the return of overnight USDJPY levitation as well as a modest reverse repo liquidity injection by the PBOC overnight, not only did the Nikkei and Shanghai rise 3% and 1.8% respectively, but US futures are right back to where they were before yesterday's dramatic turnaround in the market following a strongly dovish FOMC statement and just shy of the 1700 once more. As for Europe, while there a smattering of noise following the release of final PMIs which did not change the preliminary picture much (Spain 49.8, vs 50.6 exp; Italy 50.4 vs 49.8 exp; France 49.7 vs 49.8 exp; Germany 50.7 vs 50.3 exp) it is all up to the ECB today to preserve the myth of a European improvement coupled with a EUR currency at or near multi-month highs.

 
Pivotfarm's picture

Arctic Thawing to Cost $60 Trillion





Scientists and economic analysts say that the thawing of the Arctic will set off what they have termed an “economic time bomb” in years to come

 
Tyler Durden's picture

Guest Post: Bankers Own The World





In every era, there are certain people and institutions that are held in the highest public regard as they embody the prevailing values of society. Not that long ago, Albert Einstein was a major public figure and was widely revered. Can you name a scientist that commands a similar presence today? Today, some of the most celebrated individuals and institutions are ensconced within the financial industry; in banks, hedge funds, and private equity firms. Which is odd because none of these firms or individuals actually make anything, which society might point to as additive to our living standards. Instead, these financial magicians harvest value from the rest of society that has to work hard to produce real things of real value. Money is power. And history has shown that power is never ceded spontaneously or willingly. But the stability of this parasitical system begins to weaken quickly when the lifeblood it depends on begins to dry up. And that's when things can begin to go south in a hurry

 
Tyler Durden's picture

Frontrunning: July 12





  • Summers Said to Show Interest in Fed Chairmanship After Bernanke (BBG)
  • Obama Tells Chinese He’s Disappointed Over Snowden Case (BBG)
  • Texas Threat to Abortion Clinics Dodged at Flea Markets (BBG)
  • A Peek at Trucking Data, and Then the Stock Surged (WSJ)
  • China cuts growth target… or does it? (FT) - yes, it does, net of goal seeked Random () of course
  • China Official Suggests Tolerance for Lower Growth (WSJ)
  • Disney Says Wristband Boosts Sales in Disney World Test (BBG) - next up: implanted RFID chips
  • Spain Prepares Cuts in Renewable-Energy Subsidies (WSJ)
  • Bernanke Departure With Duke Heralds Cascade of Fed Appointments (BBG)
 
Tyler Durden's picture

Frontrunning: July 10





  • MSM discovers that soaring dollar hurts corporate profits: P&G to Apple Hurt by Strong Dollar Keep S&P 500 Profits in Check (BBG)
  • China Posts Surprise Drop in Exports (WSJ) - lol: "surprise"
  • Plan Reins In Biggest Banks (WSJ)
  • European Commission Seeks Authority to Wind Down Banks (WSJ) - and Germany just says 9
  • U.S. Banks Seen Freezing Payouts as Harsher Leverage Rules Loom (BBG)
  • Brussels sets up clash with Berlin over banks (FT)
  • EU to Toughen Creditor-Loss Rules at Failing Banks From August (BBG) - or September, or October, but definitely November... 2023
  • China's crude, iron ore imports falter as demand cools (Reuters)
  • Obama pushes economic case for immigration as House eyes next steps (Reuters)
 
Tyler Durden's picture

Frontrunning: July 9





  • ICE's NYSE to determine the rate used by key competitor CME: NYSE Euronext to Take Over Libor (WSJ)
  • Japan slams China over maritime disputes (FT)
  • The Twinkie Returns, With Less Baggage (WSJ)
  • Pentagon Workers From Pennsylvania to Ghana Hit by Cuts (BBG)
  • Why Prostitutes Aren't Enough to Deprive the World of Eliot Spitzer (BBG)
  • Groups gather in Turkish protest park after night of clashes (Reuters)
  • Apartment Rents Rise, But the Pace Is Slowing (WSJ)
  • Asiana Seen Saving Millions With Tactic to Bar U.S. Suits (BBG)
  • Bin Laden's life on the run revealed by Pakistani inquiry (Reuters)
  • Fracking Firms Face New Crop of Competitors (WSJ)
 
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