• GoldCore
    07/25/2014 - 09:41
    The EU and global drive toward bail-ins continues unabated. Bail-ins are coming to financial institutions and banks in the EU, UK, U.S. and much of the western world - with painful consequences for...

Mexico

Tyler Durden's picture

Frontrunning: October 23





  • Moody’s Cuts Ratings on Catalonia, Four Other Spanish Regions (Bloomberg)
  • And the market top: Billionaire Ross Interested in Buying Spanish Bank Assets (Bloomberg)
  • Japan Jojima denies govt seeks $250 bln BOJ asset buying boost (Reuters)
  • China hints at move to strengthen Communist rule (Reuters)... well everyone else is doing it
  • Euro-Area Bailout Fund Faces Challenge at EU’s Highest Court (Bloomberg)
  • Obama, Romney now tied in presidential race: Reuters/Ipsos poll (Reuters)
  • Former China Leader Jiang Resurfaces Before Political Transition (Bloomberg)
  • Some in Congress look to $55 billion fiscal cliff 'fallback' (Reuters)
  • CLOs stage comeback in US (FT)
  • TXU Teeters as Firms Reap $528 Million Fees (Bloomberg)
  • China’s Factories Losing Pricing Power in Earnings Threat (Bloomberg)
 
Bruce Krasting's picture

How I Caused the 1987 Crash





From 1987: How much time do I have to liquidate?    Answer:  We need you to do this by Monday night.

 
George Washington's picture

BP Oil Spill: Case NOT Closed





BP's New Excuse Doesn't Hold Water

 
Tyler Durden's picture

Vikram Pandit Bottom Line: Over $260 Million For A 90% Stock Drop





Here is the bottom line. From the day Pandit took control in December 2007 until today, C stock is down 90%.......Even as Pandit has been paid a total of over $260 million during his CEO tenure, even including his famous $1 comp received in 2010. While CEO of Citigroup in 2007, Vikram Pandit earned an annualized compensation of $3,164,320, which included a base salary of $250,000, stocks granted of $2,914,320, and options granted of $0. In 2008, he earned a total compensation of $38,237,437, which included a base salary of $958,333, stocks granted of $28,830,000, and options granted of $8,432,911. In 2009 he received total compensation of $128,751, including base salary of $125,001; In 2010 he received total compensation of $1,00; In 2011 he received total compensation of $14,857,103 including base salary of $1,671,370. Oh, and this number includes the $165 million Pandit received for his low performing hedge fund which was purchased by Citi in 2007, and was closed by Citi a few months later for epic underperformance.

 
Tyler Durden's picture

Complete Event Calendar For The Coming Week And Through November





A new week begins. Here are the major global market-moving events to look forward to for both the next week, and for the remainder of October and November.

 
Tyler Durden's picture

New Sheen In Gulf Of Mexico Linked To Macondo Spill By Coastguard





Just when we all thought the Macondo disaster could be put behind us and TV ads proclaim the Gulf's recovery, a sheen of oil has reappeared and the coastguard confirms it is directly linked to the Macondo well. According to WDSU, the sheen is a light oil and would be difficult to clean up. "The exact source of the sheen is uncertain at this time but could be residual oil associated with wreckage and/or debris left on the seabed from the Deepwater Horizon incident in 2010," the agency said in a release Wednesday night.

 
Tyler Durden's picture

Food Inflation To Surge, Goldman Warns





We have been very active in our discussions of the impact of the pending rise in food prices around the world (from central bank largesse to weather-related chaos). As Goldman notes, food inflation has been one of the most significant sources of headline inflation variation in emerging markets (EM) over the past few years. Since June, international prices for agricultural commodities have risen almost 30%, increasing the risk of fresh, food-related increases to EM headline inflation. We, like Goldman, expect EM headline inflation to start to reflect the relevant pressures more broadly in the October prints at the latest. While the effects, for now, are expected to be less extreme than the 2010-2011 episode, the timing as the US enters its fiscal-cliff-prone malaise, could mean a further round of easing will reignite this critical inflationary concern.

 
Tyler Durden's picture

Guest Post: America’s Hijackers – Where Are They Now?





Spoiler Alert: They’re mostly still in office  (so much for building suspense).

On October 3, 2008, 338 elected officials (263 House reps, 74 Senators and 1 President) took it upon themselves to save America from certain financial doom by passing the Emergency Economic Stabilization Act of 2008, completely ignoring the will of the American people,  opting instead to fulfill a Thomas Jefferson prophesy:

“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.” 
~ Thomas Jefferson

 
Tyler Durden's picture

Frontrunning: October 5





  • Draghi Says Next Move Not His as Spain Resists Bailout (Bloomberg)
  • EU Doubts on Deficit Cutting May Hinder Spain’s Path to Bailout (Bloomberg)
  • Merkel to Visit Greece for First Time Since Crisis Outbreak (Bloomberg)
  • Fed's Bullard warns inflation won't ease U.S. debt burden (Reuters)
  • Walmart Workers Stage a Walkout in California (NYT)
  • Natural Gas Glut Pushes Exports (WSJ)
  • BOJ Refrains From More Stimulus as Political Pressure Mounts (Bloomberg)
  • Big funds seek to rein in pay at Wall Street banks (Reuters)
  • Hong Kong Luxury Sales Fall as Chinese Curb Spending (Bloomberg)
  • Dave and Busters Pulls IPO due to "Market Conditions" (Reuters) - so market at anything but all time highs now is market conditions?
  • Weak U.S. labor market looms ahead of elections (Reuters)
  • Glut of Solar Panels Poses a New Threat to China (NYT)
 
George Washington's picture

NEW 4-Mile Long Oil Slick Near BP's Gulf Oil Well





BP's Macondo Well May Leak for Years

 
Tyler Durden's picture

Thursday Humor - The Climate-Adjusted Reason Obama 'Lost' The Debate





While some have blamed last night's 'performance anxiety' on the President's efforts to save our economy and not having time to practice, and others at Romney's 'bullying' of the moderator, it seems Al Gore has come up with the real reason - it's the altitude, stupid!

 
testosteronepit's picture

California’s Ballyhooed Recovery? Oh Dude!





 Manufacturing Just Crashed And VCs Face A “Dismal Fundraising Climate”

 
Tyler Durden's picture

Bill Gross: The US Is A Debt Meth Addict - Unless The Fiscal Gap Is Closed Soon "The Damage Will Be Beyond Repair"





The highlights from Bill Gross' latest monthly piece:

  • Armageddon is not around the corner. I don’t believe in the imminent demise of the U.S. economy and its financial markets. But I’m afraid for them.
  • Unless we begin to close this gap, then the inevitable result will be that our debt/GDP ratio will continue to rise, the Fed would print money to pay for the deficiency, inflation would follow and the dollar would inevitably decline. Bonds would be burned to a crisp and stocks would certainly be singed; only gold and real assets would thrive within the “Ring of Fire.”
  • If the fiscal gap isn’t closed even ever so gradually over the next few years, then rating services, dollar reserve holding nations and bond managers embarrassed into being reborn as vigilantes may together force a resolution that ends in tears. The damage would likely be beyond repair.
  • The U.S. and its fellow serial abusers have been inhaling debt’s methamphetamine crystals for some time now, and kicking the habit looks incredibly difficult.
 
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