• Tim Knight from...
    09/29/2014 - 19:50
    Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for...

ratings

Tyler Durden's picture

Frontrunning: August 25





  • Jackson Hole Theme: Labor Markets Can’t Take Higher Rates (BBG), or anything else for that matter
  • Kidnappers free American missing in Syria since 2012 (Reuters)
  • More unpatriots: Burger King in merger talks with Canada's Tim Hortons (Reuters)
  • California Quake to Cost Insurers Up to $1 Billion, Eqecat Says (BBG)
  • Congo declares Ebola outbreak in northern Equateur province (Reuters)
  • Missouri Governor Defends Ferguson Prosecutor (BBG)
  • Kuroda Douses Japan Stimulus Expectations (WSJ)
  • London Jihadi Call Vies With Banks in Canary Wharf Shadow (BBG)
  • Netanyahu Signals Expansion of Air Attacks in Gaza (WSJ)
  • Libya's Islamist Militias Claim Control of Tripoli (WSJ)
 
Tyler Durden's picture

Mal-Investment Mania - The Second-Lien Scramble Is Back





The zombification of corporate America is nowehere more evident than the yield-starved demand that has enabled companies with the lowest of the low credit ratings to raise debt capital and stay alive far beyond their 'natural' lifespan. As WSJ reports, investors are gobbling up some of the riskiest debt from junk-rated European companies at the fastest pace in years. The riskiest tranche of that debt - so-called second-lien, or junior, loans - amounts to $3.3 billion, almost double the amount raised at the same stage last year and the most over the same period since 2007. The reason is simple - Central Banks - "If you have more demand than supply then you end up with a loosening of terms and potentially more leverage and more aggressive structures." This is 'mal-investment' writ large, and at least as bad as during the 2007 bubble.

 
Tyler Durden's picture

Fact Or Fiction: US Treasury 'Agents' Go Undercover Posing As Russian Businessmen





This one is almost too sensational to be real. Almost. Jon Corzine (of MF Global) walks the streets a free man. Yet FinCEN is wasting taxpayer resources sending undercover agents to entrap some offshore casino, and they act as if they’ve infiltrated a major terrorist organization. Amid all the debt, graft, and incompetence that’s so prevalent today in government, this is another sad testament to the direction that things are headed.

 
Tyler Durden's picture

As South Africa Reels From Unexpected Bailout, One Bank Has A Modest Proposal: Give Us Your Gold





In a historic first, three days ago, South Africa's Rand Merchant Bank, a division of FirstRand Bank Limited, announced it would issue the FirstRand Gold Bond, or a bond denominated in South African Krugerrand gold coins. In other words, for the first time "holding" gold will pay a dividend (or in this case, interest). Sound odd? Maybe because it is.

 
Tyler Durden's picture

State Department Bans US Diplomats From Ice Bucket Challenge





As President Obama tees off in Martha's Vineyard, The State Department has decided that its diplomats should not be allowed to have fun (for a good cause). As AP reports, US Diplomats have been barred from undertaking the #IceBucketChallenge ... there goes CNBC's ratings...

 
Tyler Durden's picture

Frontrunning: August 21





  • FTW: Europe Stocks Rise as Data Signals Need for Stimulus (BBG)
  • More de-escalation: Dozens die in Ukraine in street battles, Donetsk shelling (Reuters)
  • Calm largely holds in Missouri after grand jury opens shooting investigation (Reuters)
  • Attorney General Eric Holder Vows Thorough Probe of Ferguson Shooting (WSJ)
  • World’s Biggest Wealth Fund Slows Emerging Market Investment (BBG)
  • Market Chilly to Argentine Debt Proposal (WSJ)
  • Israeli air strike kills three Hamas commanders in Gaza (Reuters)
  • Retooled Hamas Bloodies Israel With Help From Hezbollah (BBG)
  • Investors Pour Into Vanguard, Eschewing Stock Pickers (WSJ)
  • Fed Debates Early Rate Increases (WSJ)
 
Tyler Durden's picture

After 18% Rise & 8 Days Up In A Row, Hertz Withdraws 2014 Guidance & Crashes





Presented with little comment... because if this doesn't wake people up to the unreality of the stock 'market', nothing will. Hertz has ripped higher 8 days in a row, surging over 18% in that period as analysts and talking heads piled on proclaiming how wonderful it is.. and then:

*HERTZ HAS DECIDED TO WITHDRAW 2014 FINANCIAL GUIDANCE
*HERTZ EXPECTS TO BE WELL BELOW LOW END OF 2014 GUIDANCE

Must be a one-off idiosyncratic issue right?

 
Tyler Durden's picture

What Do Michelle Obama & Vladimir Putin Have In Common?





Mainstream media business 'entertainment' appears to have been taken over by the #IceBucketChallenge, as they name-drop from CEO to CEO in the interests of ratings (as opposed to raising money for ALS). However, things took a much more serious turn today as not only did Alan Greenspan show us how he 'cools off' the economy but actor Vin Diesel issued the ultimate challenge to none other than Michelle Obama and Vladimir Putin...

 
EconMatters's picture

Hysterical Fear Mongering by Media Needs to Stop





Traders and market participants are pretty bad at decision making as it is, the last thing they need is inaccurate information via sensationalized and overhyped TMZ Style News reports to base their decision making process on.

 
Tyler Durden's picture

5 Things To Ponder: Multifarious Cogitation





This weekend’s “Things To Ponder” is comprised of a variety of readings that cover a fairly broad spectrum from educational to informative and even a little bit sarcastic.

 
Tyler Durden's picture

Obama On The "Sacrifice" Of "No Vacations" In His Own Words





"You give me this office, and in turn, my fears, doubts, insecurities, foibles, need for sleep, family life, vacations, leisure is gone. I am giving myself to you. The American people should have no patience for whatever is going through your head because you have a job to do. You don't make that decision unless you are prepared to make that sacrifice, that tradeoff. Those who make mistakes in the president's office make them because they haven't fully thought through the dimensions of that choice."

- Barack Hussein Obama

 
Tyler Durden's picture

Hillary Clinton Blasts Obama's 'Don't Do Stupid Stuff' Foreign Policy





While Hillary explains that Obama is “thoughtful” and “incredibly smart,” the unannounced 2016 Presidential candidate had a few less than supportive words for the current Iraq-bomber-in-chief. In an interview in The Atlantic magazine, Bloomberg reports Clinton warns Obama lacks a specific doctrine, adding "great nations need organizing principles, and "don't do stupid stuff" is not an organizing principle."

 
EconMatters's picture

The Bottom Is In For Treasuries





Any Bond Idiot Can Buy into Fear, but they are Forced to Sell into ‘Good Times’!

 
Phoenix Capital Research's picture

Japan Just Proved That Central Bankers Are Out of Ideas...





Japan’s QE was large enough that no one, not even the most stark raving mad Keynesian on the planet, could argue that it wasn’t big enough. Which is why the results are extremely disconcerting for Central Bankers at large.

 
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