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Tyler Durden's picture

Banker Suicides Return: DSK's Hedge Fund Partner Jumps From 23rd Floor Apartment





The summer, thankfully, has been largely bereft of the dismal trend of bankers committing suicide, but as Bloomberg reports, Thierry Leyne, a French-Israeli banker and partner of Dominique Strauss-Kahn, the disgraced former chief of the IMF, was found dead Thursday after apparently taking his own life by jumping off the 23rd floor of one of the Yoo towers, a prestigious residential complex in Tel Aviv. This is the 16th financial services executive death this year.

 
Tyler Durden's picture

Frontrunning: October 24





  • Doctor with Ebola in New York hospital after return from Guinea (Reuters)
  • Ebola Puts Spotlight on Bellevue, Key NYC Trauma Center (WSJ)
  • Uber Driver Transported Ebola-Positive Doctor in New York (BBG)
  • GOP Gains in Key Senate Races as Gender Gap Narrows (WSJ)
  • ECB Tries for Third Time Lucky in European Stress Tests (BBG)
  • Security tight in Canada as police probe Parliament gunman's ties (Reuters)
  • Why Madrid's poor fear Goldman Sachs and Blackstone (Reuters)
  • Fed’s $4 Trillion Holdings Keep Boosting Growth Beyond End of QE (BBG)
 
Tyler Durden's picture

Google Vs The Entire Newspaper Industry: And The Winner Is...





As Brookings notes, "overall the economic devastation would be difficult to exaggerate," with regard the shift from print to online journalism - as the following chart sums up in all its devastating reality... it's a new world.

 
Tyler Durden's picture

Battleships And Helicopters Join Hunt For Missing Submarine: Sweden Prepares To "Use Weapons To Surface Sub"





Sweden's military has announced that if it finds a suspect foreign vessel in the Stockholm archipelago, it is prepared to force it to the surface "with weapons if necessary". "Our aim now is to force whatever it is up to the surface... with armed force, if necessary," he added. He added that submarines are "extremely difficult" to find, and that Sweden has never succeeded in the past when it came to tracking them down. "And no one else has either," he added.  If the sub is indeed Russian, it would be quite a hit for Sweden, which in more than a decade of hunting Russian U-boats in the 1980s and early nineties, never succeeded in capturing one, except in 1981 when the U137 ran aground several miles from one of Sweden's largest naval bases, triggering an embarrassing diplomatic stand-off for Russia.

 
GoldCore's picture

First Swiss Gold Poll Shows Pro-Gold Side In Lead At 45%





The poll shows that 45% approve the Swiss gold initiative and 39% are against. There are 29% firm yes voters and 28% firm no voters (see graph). The poll shows 16% are leaning towards a yes or are “more yes” and 11% are leaning towards a no or are “more no.”

 
Tyler Durden's picture

Frontrunning: October 21





  • Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters)
  • China GDP Growth Rate Is Slowest in Five Years (WSJ)
  • Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG)
  • Carney Faces Scrutiny on Worst Payments Outage Since 2007 (BBG)
  • Ebola crisis turns a corner as U.S. issues new treatment protocols (Reuters)
  • Gold Buying Rebounds in India on Diwali Jewelry Sales (BBG)
  • China-backed hackers may have infiltrated Apple's iCloud (Reuters)
  • Greece Said to Seek Recycling of Bank Funds for Exit (BBG)
 
Tyler Durden's picture

Living The Grecovery Dream: Two Jobless Parents, Two Kids, One Cat All Living In A Car





Squeezed between steering wheel, handbrake, door and dashboard, Katerina reads in her history book, takes notes for school. Next to her, on the driver’s seat, cat Eddy stares right in the camera lens. It may look like a cute snapshot on a sunny day, if it wasn’t for a sad detail: a withering spring stuck in a roll of toilet paper.  A distinctive memory of a former normal life that turned into a grim reality for a family of four.

 

 
Tyler Durden's picture

Frontrunning: October 20





  • Stick to tapering and rates pledge, says Boston Fed chief (FT)
  • Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders (Reuters)
  • Obama makes rare campaign trail appearance, some leave early (Reuters)
  • Japan GPIF to Boost Share Allocation to About 25%, Nikkei Says (BBG)... or three months of POMO
  • Japan Stocks Surge on Report GPIF to Boost Local Shares (BBG)
  • China Growth Seen Slowing Sharply Over Decade (WSJ)
  • Russia, Ukraine Edge Closer to Natural-Gas Deal (WSJ)
  • Leveraged Money Spurs Selloff as Record Treasuries Trade (BBG)
  • After clashes, Hong Kong students, government stand their ground before talks (Reuters)
 
Tyler Durden's picture

Sweden Deploys Army, Air Force, Navy Near Stockholm Over Reported Damaged Russian Sub; Moscow Denies





Over the weekend, while the world was focusing on the threat of Ebola contagion in the US and around the globe, Sweden's otherwise sleepy capital Stockholm found itself the location of a blitz military operation involving the Swedish Armed Forces, Navy, Army and Air Force, when late on Saturday, Swedish armed forces stepped up an operation -- involving more than 200 men, stealth ships, minesweepers and helicopters -- in an area about 50 kilometres (30 miles) east of the Swedish capital. The operation was initiated on Friday after the armed forces said they had been informed of a "man made object" in the water.

 
Tyler Durden's picture

"Ebola Cruise" Returns To Texas After Suspected Healthcare Worker Cleared





In a tumultuous week for Ebola updates (which are only set to get worse with flu season about to unfold, and where every sneeze and fever will be interpreted as an early symptom of the deadly disease, likely choking hospitals and ERs around the nation), Friday brought us one of the more disturbing updates when it was revealed that an Ebola-handling healthcare worker had decided to break the "self-watch" protocol and had gone on a Caranival cruise in the Caribbean. Fast forward to this morning, when after what one assumes was a negative blood test, the Carnival Magic ship carrying the suspect, was cleared to return to port in Galveston, TX this morning. As AP reports, "The unidentified woman who is being monitored disembarked the Carnival Magic with her husband shortly after the ship returned to Galveston, Texas, about 6 a.m. EDT, said Vicky Rey, vice president of guest care for Carnival Cruise Lines. Rey said the couple drove themselves home, but offered no further details.

 
Tyler Durden's picture

What Happens When 30,000 People Run The Beijing "Airpocalypse" Marathon In "Hazardous" Smog





Some 30,000 participants were wondering if the organizers of today's 34th Beijing International Marathon would cancel the event after "a toxic fog enveloped the Chinese capital and smog levels soared to “hazardous” levels." Adding to the confusion, and concerns, even the People’s Daily, the Communist Party’s mouthpiece newspaper, cautioned athletes against taking part in the 26.2-mile race, reporting that Beijing’s air was “not suitable for outdoor activities”.  As the Telegraph reports, "Beijing authorities admitted their city’s air was "severely polluted” on Sunday while the US embassy, which also monitors smog levels, described the situation as "hazardous". The Marathon organizers' answer, however, was that the Marathon would proceed as scheduled. The end result was a surreal photo album of the "airpocalypse" marathon, perhaps the best harbinger of the globalized future, as of thousands of people jogged across downtown Beijing in gasmasks.

 
Tyler Durden's picture

Frontrunning: October 17





  • Obama open to appointing Ebola 'czar', opposes travel ban (Reuters)
  • Schools Close as Nurse’s Ebola Infection Ignites Concern (BBG)
  • How the World's Top Health Body Allowed Ebola to Spiral Out of Control (BBG)
  • European Stocks Rise Amid Growing Pressure for Stimulus (BBG)
  • Putin Threatens EU Gas Squeeze Raising Stakes for Ukraine (BBG)
  • ECB to Start Asset Purchases Within Days, Says Central Banker Coeuré (WSJ)
  • Investors search for signs of end to stock market correction (Reuters)
 
Tyler Durden's picture

What A Correction Feels Like





There is this whole idea of state dependence that we have to consider when we’re talking about the market. Uou might have a plan to buy stocks when the index gets below a certain level, but when the market gets to that point, you: a) may not have the capital; and b) might be panicking into your shorts. It’s nice to have a plan, but, paraphrasing Mike Tyson, everyone has a plan until they get punched in the face. It’s been so long since we’ve had a correction, I’m guessing that most people have forgotten what a correction feels like.

 
Tyler Durden's picture

The Pompous Prognostications Of "Permanently High Plateau" Prophets





The talking heads will be rolled out on CNBC to assure the masses that all is well. The economy is strong. Corporate profits are awesome. The stock market will go higher. Op-eds will be written by Wall Street CEOs telling you it’s the best time to invest. Federal Reserve presidents will give speeches saying there are clear skies ahead. Obama will hold a press conference to tell you how many jobs he’s added and how low the budget deficit has gone. We couldn’t possibly be entering phase two of our Greater Depression after a temporary lull provided by the $8 trillion pumped into the veins of Wall Street by the Fed and Obama. Could we?

 
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