• GoldCore
    01/31/2015 - 05:00
    We are witnesses to an epic failure of planning, statecraft and social justice. Regardless of where your politics be, these elements are critical for a modern globally connected economy to function....

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Tyler Durden's picture

Thursday Humor: To Serve And To Protect... And "To Shoot Minorities"





Career-ending mistake, or the biggest Freudian slip in history?

 
George Washington's picture

Why Don't "Moderate" Muslims Condemn Terrorism ??!





What You're Not Hearing ...

 
Tyler Durden's picture

Frontrunning: January 8





  • French policewoman killed in shoot-out, hunt deepens for militant killers (Reuters)
  • The Bold Charlie Hebdo Covers the Satirical Magazine Was Not Afraid to Run (BBG)
  • Evans Says Fed Shouldn’t Rush Rate Rise as Inflation Undershoots (BBG)
  • Oil holds above $51 as traders search for floor (Reuters)
  • Gross Helps Fuel New Fund With His Own Cash (WSJ)
  • ECB warns Greek funding access hinges on keeping bailout (Reuters)
  • Greece Jolts QE Juggernaut as ECB Gauges Deflation Risk (BBG)
  • Analysts Say There's No Telling How Low Oil Prices Could Go (BBG)
  • Scientists find antibiotic that kills bugs without resistance (Reuters)
 
Tyler Durden's picture

Market Wrap: Evans' "Catastrophe" Comment Blasts Overnight Futures Into Overdrive, 10-Year Rises To 2%





After subdued trading in the overnight session until a little after 8pm Eastern, algos went into overdrive just around the time the Fed's 2015 voting member and uberdove Charlie Evans told reporters that "raising rates would be a catastrophe", hinting that the first rate hike would likely be - as usual - pushed back from market expectations of a mid-2015 liftoff cycle into 2016 or beyond (but don't blame the US, it is the "international situation's" fault), in the process punking the latest generation of Eurodollar traders yet again. Whatever the thinking, S&P futures soared on the comments and were higher by just under 20 points at last check even as Crude has failed to pick up and the 10Y is barely changed at 2.00%.

 
Tyler Durden's picture

"It's A Butchery" - 12 Killed In Terrorist Attack On French Satirical Magazine Charlie Hebdo: Live Webcast





A tragedy is unfolding in Paris at the moment where armed men stormed the Paris offices of French satirical magazine Charlie Hebdo on Wednesday morning, killing “at least 12 people” and injuring more, said a police officer. As a reminder, it was in November 2011 when the Charlie Hebdo’s headquarters were gutted by fire, hours before a special issue of the weekly featuring the Prophet Muhammad appeared on newsstands. Since then, the weekly moved to a new location, which was guarded by police, who were also shot at Wednesday morning. The shooters opened fire inside the magazine’s offices using automatic AK-47 rifles before fleeing, said the officer, cited by the WSJ. The attackers, described as "a commando with Kalasnikov and pump action... they went in there to kill" are believed to still be at large as France is "in shock" according to its president.

 
Tyler Durden's picture

Paris Attack Suspects "Located", Liberation Reports





Update: Liberation now backtracking on the arrest report, saying this instead: The Interior Ministry denied the arrest of the suspects, but police sources, it was confirmed their location and identification.

Having managed to escape after their murderous rampage at the Charlie Hebdo offices, some were skeptical if the police would be able to catch the shooting suspects, who were identified minutes ago, alive. Moments ago French newspaper Liberation reported that the three suspects have indeed been arrested: google translated

The three suspects have been identified. This is Said K., born in 1980 in Paris, Sherif K., born in 1982 in Paris and Hamyd M., born in 1996. All three are from Gennevilliers (Hauts-de-Seine). They were reportedly arrested but no official confirmation comes in time for the Interior Ministry.

Note there is no official confirmation from French authorities yet so it is not exactly clear where Liberation is getting its information.

 
Tyler Durden's picture

France's Le Pen Ready To "Reject Islam" As Magazine Editor "Prefered To Die Than Be Silenced"





The Queen has sent "sincere condolences" to French President Hollande over the Paris attack (as have Obama, Merkel, and Cameron) as he puts Paris on high terrorist alert as the manhunt for the reported 3 killers continues. Front National's Marine Le Pen has been more vociferous in her remarks, wanting to "defend against war waged on France," and calling for "rejection of fundamental islam." The remarks and actions of the day are even more chilling in light of Chrlie Hebdo's editor's comments in 2012 that "our job is not to defend freedom of speech but without it we're dead. We can't live in a country without freedom of speech. I prefer to die than to live like a rat."

 
Tyler Durden's picture

Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Grexit





It has been a busy few days for Germany. In the space of a week, they have warned Greece "there will be no blackmail," adding that a Greek exit from the euro was "manageable," only to hours later deny (clarify) these comments. This was then followed up with beggars-are-choosers Syriza demanding any ECB QE must buy Greek bonds (or else) - which Germany has flatly ruled out - only to see today that Syriza is practically guaranteed to win a "decisive victory" at the forthcoming snap election. So it with a wry smile that we note Bild reports tonight that the German government is preparing for a possible Greek exit, warning of financial system collapse, bank runs, and huge costs for the rest of the EU.

 
Tyler Durden's picture

The ECB "Leaks" Its 3 QE Choices





In its usual 'leak the plans and judge market reactions' methodology, unnamed sources have released to Dutch newspaper Het Financieele Dagblad, three potential options that the ECB is considering for buying government bonds. As the Jan 22nd ECB meeting looms, Reuters reports that while the ECB declined to comment, this 'strawman' appears very similar to comments made by ECB chief economists Peter Praet last week. For now, the reaction is not positive... as this indicates the ECB is nowhere near a decision.

 
Tyler Durden's picture

Massive Bronx Manhunt For Shooters Of Two NYPD Cops





A day after the funeral of a colleague killed in an ambush last month fueled tensions between the force and the city's mayor and led to another day when thousands of policemen turned their back on New York mayor Bill de Blasio, two NYC policemen were shot and wounded on Monday night, officials said,  According to Reuters, the officers, part of a plainclothes unit, were shot outside a Chinese restaurant in the Bronx district as they tracked two suspects to an armed robbery, New York Police Commissioner William Bratton told a news conference early on Tuesday. The officers were transported to St. Barnabas Hospital and were expected to survive. Both were listed in stable condition: one, aged 30, was shot in the arm and lower back. The second man, aged 38, had chest and arm wounds. A massive manhunt is taking place for the suspects, described as 25- to 30-year-old Hispanic males, who are still at large. The organization COP SHOT (Citizens Outraged at Police Being Shot) is offering a $10,000 cash reward for information leading to their arrest and conviction.

 
Tyler Durden's picture

The Crunch Continues: WTI Tumbles Under $49, 10Y Dips Below 2%





Same slide, different day, as the crude crash continues, with both WTI and Brent tumbling to multi-year highs, below $49 and $52 respectively. This happened despite the news overnight that China is accelerating 300 infrastructure projects valued at 7 trillion yuan ($1.1 trillion) this year, suggesting that China will focus more on fiscal policy than monetary easing, which in turn led to much confusion in the SHCOMP, which fluctuated up and down for the day several times before finally closing unchanged. There was no confusion about the stops slamming USDJPY, and its Nikkei225 derivative which tumbled 3%, sending Japanese Treasury yields to fresh record lows. Record low yields were also seen in Germany, Austria, Belgium, Netherlands, Finland, France (and many other places), which in turn forced the US 10 Year to finally dip back under 2.00%. In fact, taken together, the average 10Y bond yield of the U.S., Japan and Germany has dropped below 1% for the first time ever, according to Citi.

 
Tyler Durden's picture

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union





"Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US."

 
Tyler Durden's picture

Merkel Ally Fuchs: Draghi, Stop Talking QE, "We Shouldn't Pump Money" Into Struggling EU Nations





As bonds rally and EUR slumps near 1.20 (the figure) following moar Draghi jawboning and suggestions of sovereign QE from the ECB, Germany has come out swinging to remind the world that it won't stand idly by as the nation's taxpayers are thrown under the bailout-the-EU-or-else bus. Michael Fuchs, deputy parliamentary floor leader of Angela Merkel's Christian Democrats, told Deutschlandfunk radio on Friday: "We shouldn't pump extra money into these states, but rather make sure they continue along the reform path." As Reuters reports, Fuchs further added, "I'd be grateful if (ECB President Mario) Mr Draghi would make statements along these lines."

 
Tyler Durden's picture

Weaponized Ebola? ISIS Militants Said To Contract Deadly Virus





Forget targeted US airstrikes, ISIS faces a new existential threat. Citing an unnamed source in a Mosul hospital, Iraq's official pro-government newspaper, al Sabaah, said Ebola arrived in Mosul from "terrorists" who came "from several countries" and Africa. Mashable further confirms, three outlets reported that Ebola showed up at a hospital in Mosul. For now, it's unclear if any disease experts or doctors in Mosul are even able to test for the Ebola virus; but it would mark the first time the virus had been detected in an area controlled by ISIS, a group that doesn't embrace science and modern medicine.

 
Tyler Durden's picture

As Greek Default Risk Soars To 66%, Morgan Stanley Warns ECB May Be Unable To Launch QE





"The Greek political turmoil is likely to complicate matters for the ECB’s preparation of a sovereign QE programme. The prospect of the ECB potentially incurring severe losses is likely to intensify the debate within the Governing Council, where sovereign QE remains controversial. It could also make the start of a buying programme already on January 22 even more ambitious. In addition, the spectre of default could create new limitations on any sovereign QE design."

 
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