• EconMatters
    11/30/2015 - 16:21
    The ISIS group sells most of its crude directly to independent traders at the wellhead for $20-$45 a barrel earning the group an average of $1.5 million a day.

Quantitative Easing

Tyler Durden's picture

Paris Is Prologue

The recent attacks in Paris evoke strong emotions for many people, but investors need to look through those feelings to the short, medium, and long-term implications. We believe Paris may mark an important turning point for Europe and the global business cycle... but for different reasons than you may think. There is a chance that the slow disintegration of Europe will drive more capital onto US shores, boosting valuations and fueling a blow-off top in the US equity market; but beware global shocks and take any rally as a chance to get defensive.

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"Central Banks Are Out Of Dry Powder" Stockman Warns "Another Financial Crisis Is Unavoidable"

"This is the final spasm of a dying bull market that has been entirely fueled by central bank money printing. But if you look at the underlying trends both in the domestic and in the global economy and the outlook for earnings, everything that matters is heading south and the real global recessionary forces are just getting started."

Tyler Durden's picture

El-Erian Says "The Market Believes Central Banks Are Our Best Friends Forever", Just Don't Show It "Figure 4"

Liquidity in the junk (and all other markets) is evaporating, and according to Citi the spread between an illiquid and liquid junk bond portfolio just hit 100 bps, the most in the history of the series. Meanwhile according to Mohamed El-Erian "The market is comfortable that whenever we hit a hiccup, the Fed is going to come back in," he said. "It's very deeply embedded that central banks are our best friends forever."

Tyler Durden's picture

"Economic" Advice To The President (Laissez-Faire Austrian Vs. Anti-Market Keynesian)

Dear Mr. President, your country faces a stagnating economy... The truth is it is too late for our politicians to act, because the speculative peak that precedes the crisis is already upon us.

Tyler Durden's picture

Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?

Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job it has been doing.

Tyler Durden's picture

The Poisonous Cocktail Of Main Street Woes And Federal Reserve Liftoff

Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.

Sprott Money's picture

Five reasons the Fed can’t raise rates

Once you examine the finer details, it quickly becomes clear that there are five key reasons that the Fed is unlikely to raise rates anytime soon.

RANSquawk Video's picture

RAnsquawk Week Ahead Video: 16th-20th November 2015

· The tragic events in Paris are set to dictate price action at the beginning of the week in Europe

· The US sees an increase in tier 1 data this week as well as the release of the minutes from last month’s Fed meeting

Tyler Durden's picture

Rich Nation Problems: Even If Norway Wanted To Do QE, They Couldn't

"My guess is that we will have negative rates in Norway before there will be any talk of QE"...

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How Many More Recession Confirmations Do You Need?

If it looks like a recession, walks like a recession and quacks like a recession, it’s a recession.

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Peter Schiff Warns "The Shadow Rate" Casts Gloom

U.S. stock investors may be complacent regarding the ability of the stock market to withstand higher interest rates. Their confidence may come from the fact that, historically, markets have not peaked until 12-24 months after the Fed begins to tighten. This assumes the tightening cycle begins with the first official rate hike. But if it really began with the increase in the Shadow Rate, then a December rate hike will already be 19 months into the tightening cycle! Plus, given how overvalued stocks may currently be, and the amount of corporate debt accumulated to finance share buybacks, this bull market may be far more vulnerable than most to higher interest rates.

Tyler Durden's picture

Larry Summers' "Make-Believe World"

Evolution happens without goals... without conscious thought. It is a trip without a destination. It is also the way economies work; they do not respond well to manipulation by self-important meddlers. But if you are speaking for the entire planet, you have already gone way beyond the theory of evolution. You are in a world without theory… without science… without experience or history. You are in a world of make-believe – where pundits pretend to know what they are talking about and newspapers fill space with mythical claptrap.

Tyler Durden's picture

"Irreversibly Broken & Dysfunctional" - There's Something Wrong In The Markets

Today’s dilemma – for financial markets and central bankers – is that pushing back against nascent “risk off” unleashes another forceful bout of “risk on.” At this point, it’s either Bubble on or off – destabilizing either way. The global Bubble has grown too distended and the market backdrop too dysfunctional. Central bankers over the past 25 years have created excessive “money,” while incentivizing too much finance into financial speculation. There is now way too much “money” crowded into the securities and derivative markets, and the upshot is an increasingly hostile backdrop for leverage and speculation.

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