• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

ratings

Tyler Durden's picture

Obama Approval Rating Drops To Fresh Record Low





Poor Obama - the president can't get anything right these days. Obama's job approval ticked down to 41% in March from 43% in January, marking a new low. Some 54% disapproved of the job he is doing, matching a previous high from December, when the botched rollout of his signature health law played prominently in the news. The latest survey also showed the lowest-ever approval in Journal/NBC polling for Mr. Obama's handling of foreign policy.

 

 


Tyler Durden's picture

Frontrunning: March 12





  • China worries chill markets, copper slumps (Reuters)
  • Peak dot com dot two idiocy: Candy Crush Saga maker King seeks $7.56 bln valuation from IPO (BBG)
  • Obama Meeting With Yatsenyuk Raises Stakes in Ukraine (BBG)
  • Federal prosecutors open criminal probe of GM recall (Reuters)
  • Pimco Cuts Government Debt on Outlook for Fed Buying (BBG)
  • Missing Malaysian Jetliner Confuses World That’s Online 24/7 (BBG)
  • Mortgage Giants Face Endgame (WSJ)
  • Russia Calls U.S. Aid to Ukraine Illegal Amid Standoff (BBG)
  • U.S. judge freezes assets of Mt. Gox bitcoin exchange boss (Reuters)
  • Ousted Libyan PM flees country after tanker escapes rebel-held port (Reuters)
  • Senate-CIA Dispute Erupts Into a Public Brawl (WSJ)
 


ilene's picture

Ignorance Can be Better than Bliss





Puerto Rico muni owners who never saw the Barron’s story or the rating firms’ downgrades are better off than those who kept up with the financial news.

 


GoldCore's picture

'Bail-in' Risks See Europe Banks Get Downgrade Warning





The move towards "bail-ins" and away from government "bailouts" continues to evolve and yesterday credit rating agency, Standard and Poor's  (S&P) warned that this could lead to credit ratings for European banks being slashed by one or two notches. It is important that one owns physical coins and bars, legally in your name, outside the banking system. Paper or electronic forms of gold investment should be avoided as they could be subject to bail-ins.

 


Tyler Durden's picture

Frontrunning: March 5





  • High Stakes Limit Bid to Cow Putin (WSJ)
  • Russia says can't control Crimea troops ahead of U.S. talks (Reuters)
  • Crimea Crisis Haunted by Ghosts of Bungled World War I Diplomacy (BBG)
  • Putin’s Ukraine Gambit Hurts Economy as Allies Lose Billions  (BBG)
  • Germany Says It Provided Equipment and Training to Ukraine's Riot Police (WSJ)
  • China signals focus on reforms and leaner, cleaner growth (Reuters)
  • China Shares in Hong Kong Decline Amid Default Concern (BBG)
  • Beijing Signals New Worry on Growth (WSJ)
 


Tyler Durden's picture

The Debt Bubble Expands As Auto Loan Amounts Hit A New Record





Is anyone surprised that the poorest and least credit worthy of Americans are being saddled with piles of debt in order to buy new cars? It’s not enough that a generation of our citizens will toil pointlessly to pay off more than $1 trillion of student loans, we may as well add some other form of debt burden on top of it. It’s hard to even imagine this is happening so shortly after the last credit bubble train wreck, but happening it is. Creative ways for people to purchase cars they can’t afford have been on our radar screen for some time now... Well the dancing has continued, and now we have Americans borrowing at all-time record levels to buy cars.

 


Tyler Durden's picture

Gold Price "Manipulated For A Decade", Repeatedly Slammed Lower, Bloomberg Reports





While the FT promptly retracted an article on precisely the topic of gold manipulation from earlier this week (recorded for posterity here), Bloomberg appears to not have had the same "editorial" concerns and pressures, and today released an article once again slamming the final conspiracy theory that while every other asset class is manipulated, gold is in a pristine class of its own, untouched by close-banging, price fixing traders or central bankers, and reports that "the London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say." And the punchline: "Large price moves during the afternoon call were also overwhelmingly in the same direction: down. On days when the authors identified large price moves during the fix, they were downwards at least two-thirds of the time in six different years between 2004 and 2013. In 2010, large moves during the fix were negative 92 percent of the time, the authors found."

 


Tyler Durden's picture

Rome Is On The Verge Of Detroit-Style Bankruptcy





With European peripheral bond yields collapsing every single day to new all time lows (primarily driven by Europe's near-certainty that a US-style QE is imminent as we first showed here in November, despite Mario Draghi's own words from November 2011 that a QE intervention is virtually impossible), increasingly more of Europe is trading just as safe, if not more, as the United States. And in keeping with the analogies, considering a major US metropolitan center, Detroit, recently went bankrupt, it is only fair that Europe should sacrifice one of its own historic cities to the gods of negative cash flows. The city in question, Rome, which as the WSJ reports, is "teetering on the brink of a Detroit-style bankruptcy."

 


Tyler Durden's picture

Frontrunning: February 26





  • California couple finds $10 million in buried treasure while walking dog (Reuters) ... not bitcoin?
  • Dimon Says Threats to JPMorgan Span Google to China Banks (BBG)
  • Stocks So Many Love to Hate Buoyed by Fed’s Jobs Priority (BBG)
  • White House Weighs Four Options for Revamping NSA Phone Surveillance (WSJ) ... to pick the fifth one
  • Credit Suisse Executives Weren’t Aware of U.S. Tax Dodges (BBG)
  • Militias Hunt Kiev Looters From Central Bank to Bling Palace (BBG)
  • Crisis Gauge Rises to Record High as Swaps Avoided (BBG)
  • Obama to Propose Highway-Repair Program (WSJ)
  • Ukraine Pledges to Protect Deposits as Kiev Rally Called (BBG)
 


Tyler Durden's picture

This Man's $600,000 Facebook Disaster Is A Warning For All Small Businesses





It continues to amaze us how people are completely ignoring what appears to be an incredible amount of shadiness inherent in Facebook’s business model. Whether or not this is intentional click fraud, it is clear that advertisers are not getting what they think they are getting. They won’t be fooled forever, and once they wake up to the money being wasted on fake “likes” and “clicks,” We're curious to see what happens to their revenue... This will all be exposed by the market sooner or later. I’m just shocked it is taking so long for people to put two and two together.

 


Tyler Durden's picture

Frontrunning: February 24





  • Ukraine Seeks $35 Billion as Yanukovych Warrant Is Issued (BBG)
  • Ukraine's fugitive president wanted for mass murder (Reuters)
  • Polar Vortex to Bring More Snow on Return to U.S. This Week (BBG)
  • China property prices continue to rise (FT)
  • Microsoft Said to Cut Windows Price 70% to Counter Rivals (BBG)
  • Pentagon to propose shrinking Army, scrapping some jets (Reuters)
  • Hedge Funds Turn Bearish on S&P 500 as VIX Advances (BBG)
  • Draghi’s Data Jigsaw Takes Shape as ECB Readies Showdown (BBG)
  • China, eyeing Japan, seeks WW2 focus for Xi during Germany visit (Reuters)
 


Tyler Durden's picture

At Least The Fed Ended The Catastrophic 2008 On A Funny Note





The world may have been crashing and burning, and as Bernanke admitted in March 2008, "At some point, of course, either things will stabilize or there will be some kind of massive governmental intervention, but I just don’t have much confidence about the timing of that" (guess which one it was), but at least the Fed ended the catastrophic 2008 yeat on a high note. The chart below shows the number of the time the FOMC committee had an moment of levity as captured by [Laughter] in the FOMC transcripts. Perhaps not surprisingly, the December 2008 meeting, when the market was in free fall, saw the biggest number of laugh lines in the entire year.

 


Tyler Durden's picture

71% Of Obama Voters "Regret" His Re-Election





Over 7 in 10 Obama voters, and 55% of Democrats, regret voting for President Obama's reelection in 2012, according to a new Economist/YouGov.com poll. As The Washington Examiner reports, the poll was conducted to test the media hype about a comeback by 2012 Republican presidential nominee Mitt Romney. While the poll found voters still uninspired by Romney, they are also deeply dissatisfied with Obama (though given the choice of Obama versus Romney, Obama supporters said they would stick with their guy, 79% to 10% for Romney) giving Obama, as The Examiner notes, very early lame duck status before the midterm elections.

 


Tyler Durden's picture

Puerto Rico – America’s Version Of Greece?





The global crisis that began in 2007/8 has unmasked many unsustainable economic dispositions. Unfortunately, the proper conclusions have still not been arrived at, as evidenced by the fact that the same old Keynesian recipes that have failed over and over again are being implemented on an even grander scale. One must not be misled by the claims of 'austerity' being imposed, as this has evidently little bearing on government spending as such, but is rather an attempt to squeeze more blood out of an already shriveled turnip, namely what remains of the private sector. Puerto Rico seems – at least so far – not any different in that respect.

 


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