New Normal
For Caterpillar, This Is What The "Second Great Depression" Looks Like
Submitted by Tyler Durden on 08/20/2015 09:02 -0500The second great depression, which for industrial bellwether CAT started in December 2012 and has since resulted in 32 consecutive months of declining global retail sales and over a year longer than the decline observed during the great financial crisis, refuses to go away.
Economic Crisis Goes Mainstream - What Happens Next?
Submitted by Tyler Durden on 08/19/2015 22:00 -0500Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that the commodities jolt was temporary. Perhaps the fact needs repeating that it’s not paranoia if they are really out to get you. Only a short time later, it is truly amazing how the rhetoric from the mainstream economic yes-men is changing. So now that the mainstream is willing to report on clear economic dangers, what happens next?
Did David Tepper Just Call The Market Top... And Is The Appaloosa Billionaire Losing His Touch
Submitted by Tyler Durden on 08/14/2015 15:53 -0500How did Tepper do in Q2? In a word: lousy. In another word: the man who recently was on CNBC pitching a 20x P/E multiple as the new normal, may have just called the market top.
Biggest US Dark Pool Busted For Rigging Markets, Engaging In Precisely The Manipulation It Warned Against
Submitted by Tyler Durden on 08/11/2015 17:07 -0500The WSJ reported that none other than the operator of the biggest dark pool in the US by volume, Credit Suisse and its massive Crossfinder dark pool, "is in talks with regulators to settle allegations of wrongdoing at its “dark pool” with a record fine in the high tens of millions of dollars, according to people familiar with the matter." What is grotesque about this story, is that back in December 2012, it was none other than Credit Suisse which conveniently explained and laid out all those forms of HFT manipulation which we accused virtually every HFT firm of employing since 2009... and which Credit Suisse itself is now accused of engaging in!
Bad Debt Soars 35% In China As Government Set To Fabricate Dismal Loan Data
Submitted by Tyler Durden on 08/06/2015 06:56 -0500According to a transcript of an internal meeting of the China Banking Regulatory Commission, bad loans jumped CNY322.2 billion in H1 to CNY1.8 trillion, a 36% increase. Meanwhile, The PBoC will include loans made to CSF, China’s plunge protection vehicle, in its monthly loan data, meaning Beijing will pretend that the state-directed effort to artificially shore up the country’s stock market represents real, organic demand for credit.
Monetary Metals Supply and Demand Report 2 Aug
Submitted by Monetary Metals on 08/03/2015 03:03 -0500You cannot understand gold if you think it goes up and down, that the dollar is the measure of gold. Gold does not necessarily go up with interest, inflation, or commodities. Indeed, it does not go anywhere. It's the dollar going places (mostly down).
The Surveillance State Goes Mainstream: Windows 10 Is Watching (& Logging) Everything
Submitted by Tyler Durden on 08/02/2015 14:55 -0500If Edward Snowden's patriotic exposure of all things 'super secret surveillance state' in America were not enough, Newsweek reports that, as 10s of millions of hungry PC users download the free upgrade, Windows 10 is watching - and logging and sharing - everything users do... and we mean everything.
Goldman Warns "The Global Economy Is Going Round In (Smaller & Smaller) Circles"
Submitted by Tyler Durden on 07/31/2015 19:40 -0500Amid the collapse in commodities, crashing Chinese stocks, the weakest US wage growth in US history, and a data-dependent Fed; Goldman Sachs fears the new normal is 'shorter-and-faster' business cycles with no persistence primed by monetary policies. Most wprryingly, they conclude, will short business cycles beget shorter business cycles?
New York Mayor de Blasio Demands A Federal Bailout For Puerto Rico
Submitted by Tyler Durden on 07/30/2015 11:40 -0500While the Puerto Rican creditors' bargaining power on the island is to put it mildly, negligible, especially after the budget director made the imminent default into a crusade of poor versus rich, saying he won’t redirect cash from its operating budget to make debt payments, an unexpected supporter has emerged thousands of miles from the beleaguered island: New York's socialist mayor Bill DeBlasio. As CBS reports "New York City Mayor Bill de Blasio demanded President Obama and Congress immediately come to the island's fiscal rescue." "It's the federal government's obligation to act, because they can't stand idly by and watch Puerto Rico fail," de Blasio told a crowd of hundreds of Puerto Rico boosters gathered on the steps of City Hall.
"Say A Little Prayer" Bill Gross Warns, "Zombie Corporations Now Roam The Real Economy"
Submitted by Tyler Durden on 07/30/2015 09:24 -0500- B+
- Bill Gross
- BIS
- BOE
- Bond
- Capital Markets
- Central Banks
- China
- default
- Demographics
- Equity Markets
- Eurozone
- Fisher
- France
- Germany
- Greece
- High Yield
- Insurance Companies
- Investment Grade
- Janus Capital
- Japan
- Jim Bianco
- Lehman
- Lehman Brothers
- LIBOR
- Monetary Policy
- New Normal
- Reality
- Rick Santelli
- Shenzhen
- Unemployment
Having exposed the reality that the world's capital markets are a manipulated shell game, Janus' Bill Gross has a message for the perpetual bulls in his latest letter to investors - "say a little prayer." Gross continues, "low interest rates are not the cure – they are part of the problem," warning that ZIRP has enabled, "a host of zombie and future zombie corporations now roam the real economy. Schumpeter’s 'creative destruction' – the supposed heart of capitalistic progress – has been neutered. The old remains in place, and new investment is stifled." As he previously warned, when the central bank manipulation is removed the likely trajectory of prices is downward...
Janet Yellen Can't Pop The Biotech Bubble (But The SF Gate Can)
Submitted by Tyler Durden on 07/29/2015 11:34 -0500Biotech has a special place in the heart of the gambler investor. In the modern market where the average investor doesn't stand a chance, some of them indulge their hope and turn to lottery tickets. If only they can get the next Gilead or the next Amgen, they will become the next wildly successful "maverick" investor. More lottery tickets seem to be flying around than usual lately, floating alongside the recent biotech bubble. Some have doubted if this is a bubble. Maybe it's different this time. The SF Gate pondered this exact same question 15 years ago, and the market promptly replied.
Stuck In Market Purgatory: How China's Citizens Lash Out At The Broken Market, In Their Own Words
Submitted by Tyler Durden on 07/28/2015 14:22 -0500"I have lost everything. I don't know what to do... I trusted the government too much... I won't touch stocks again, I have ruined everyone in my family." "I will sell all my shares tomorrow if there is a chance." ... "I am pretty sure that if the government does not come to rescue us, the situation will get much worse," ... "I managed to sell them all at a loss today, and so I lost 320,000 yuan in two days. I don't have confidence on the market any more. I don't want to get into the market again."
When Authorities "Own" The Market, The System Breaks Down: Here's Why
Submitted by Tyler Durden on 07/27/2015 08:30 -0500What authorities have created is a facsimile of a market. It looks like a market on the surface, but only gamblers and fools risk capital in markets based on false information.
Abenomics End Game: Thousands Protest In Downtown Tokyo, Demand Abe's Resignation As PM Disapproval Soars
Submitted by Tyler Durden on 07/25/2015 17:21 -0500Years of growing resentment for the Japanese premier, who panders only to the rich, to the exporting corporations, to the Japanese military-industrial complex, and of course, to the US government and Goldman Sachs (whose idea Abenomics was from the very beginning) thousands of protestors rallied Friday night in downtown Tokyo in a campaign of "Say no to the Abe government," targeting Japanese Prime Minister Shinzo Abe's "runaway" policy. The protestors gathered at the Hibiya Park, Diet building and the prime minister's official residence, shouting "Abe step down."




