• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Reality

Tyler Durden's picture

Weekend Reading: Yellen’s Line In The Sand





The central bank already missed the “window of opportunity” for normalizing rates in a manner that doesn’t hamper the recovery. While the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.

 
Tyler Durden's picture

Tesla Suppliers Warn Musk Expansion Goals Are "Implausible"





Having cashed out a few hundred million dollars worth of stock to some dliuted greater fools - with the help of Goldman Sachsthe ugly face of reality of descending on Elon Musk and his government-subsidized car maker. Rather shockingly, given the huge demand, automaking consultants and supply executives, who asked not to be identified, admitted that Tesla has still not finalized the Model 3 design and specifications, warning that Musk's goals were "implausible."

 
Tyler Durden's picture

Business Loan Delinquencies Spike To Lehman Moment Level





This could not have come at a more perfect time, with the Fed once again flip-flopping about raising rates. After appearing to wipe rate hikes off the table earlier this year, the Fed put them back on the table, perhaps as soon as June, according to the Fed minutes. A coterie of Fed heads was paraded in front of the media today and yesterday to make sure everyone got that point, pending further flip-flopping. Drowned out by this hullabaloo, the Board of Governors of the Federal Reserve released its delinquency and charge-off data for all commercial banks in the first quarter – very sobering data.

 
Phoenix Capital Research's picture

Are Stocks About to Hit Another Air Pocket?





The underlying economic ugliness that triggered the August and January meltdowns emerges once again.

 
Tyler Durden's picture

Small Business Owner Explains The Unintended Consequences Of Obamacare





"I feel the burden of many new initiatives as they affect my company’s ability to operate profitably and to hire and retain employees. Many of these initiatives often have unforeseen consequences and cause small businesses additional expenses and burdens that can lead to less hiring, more expenses, and sometimes lead to businesses closing their doors."

 
Pivotfarm's picture

10 Most Expensive Countries for Healthcare in the World





What do financing your retirement as well as finding affordable healthcare and the possibility of losing your job all have in common with each other?

 
Tyler Durden's picture

"Wussification Of America" Reaches Wall Street: Everyone Gets A Trophy As 91% "Beat" Estimates





When it came to sports, the “wussification” of America came to fruition with the idea there should be no “losers,” and keeping “score” was simply a means to discriminate against those who were “athletically challenged.”  Everyone gets a trophy. Unfortunately, the same has become true with Wall Street. In the latest earnings season related nonsense, we have seen the “wussification of Wall Street.”

 
Tyler Durden's picture

'There Will Be Banker Blood': Why JPM Is Afraid Of "Quiet Trading Floors"





With banker bonuses set to drop this year, it should be no surprise that things are not all sunshine and roses on Wall Street. After 30 years of dramatically outperforming Main Street, Wall Street wages may be set for some mean-reversion as JPMorgan analysts take an ax to the biggest global investment banks' earnings. As Bloomberg reports, "quiet trading floors" are set to depress global investment banks’ second-quarter revenue 24 percent, with weakness across equities, interest rates, currencies, with a regionally-driven weakness from Asia.

 
Tyler Durden's picture

SaxoBank CIO Warns "Central Banks Can Do Nothing"





Saxo Bank chief economist Steen Jakobsen said that zero rates, zero growth, zero productivity, and zero reforms have left a great many countries adrift in a “new nothingness”. The products of this nothingness, said Jakobsen, include apathy, stagnation and “an economic outlook based more in peoples’ heads than in reality”.

 
Tyler Durden's picture

Republicans, Democrats Agree On A Bill To Bailout Puerto Rico





It turns out that Puerto Rico's plan to default on its debt and beg congress for help is working out as planned. After a slight delay, House Republicans have reached an agreement with the Obama administration to provide a path to restructure Puerto Rico's $70 billion debt load. The bill would offer the island a legal out similar to bankruptcy and wouldn't commit any federal money according to the WSJ.

 
Tyler Durden's picture

Fed Up With The Fed





Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets--it's crippled the entire economy.

 
Tyler Durden's picture

Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe





After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help the continent diversify away from Russia. The route begins at the Caspian Sea in Azerbaijan, where the South Caucuses Pipeline will carry Caspian gas from the large Shah Deniz-2 gas field, delivering it to the border with Turkey.

 
Tyler Durden's picture

Trump Leads Clinton Nationally For First Time In Latest Poll





Having recently tied her in a Rasmussen poll, Donald Trump is leading Hillary Clinton (by 3pts) for the first time in a national poll, according to FOX News. With a net honesty rating of negative 35, Hillary is losing by 9 points to Trump among white women but holds a stunning 83-point lead over Trump among blacks.

 
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