Recession

Tyler Durden's picture

5 Things To Ponder: Don't Fight The Fed





Randolph Duke: Money isn't everything, Mortimer.
Mortimer Duke: Oh, grow up.
Randolph Duke: Mother always said you were greedy.
Mortimer Duke: She meant it as a compliment.

 
Tyler Durden's picture

How Much Longer Can OPEC Hold Out?





OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non OPEC nations. How much longer can it hold out?

 
Tyler Durden's picture

What If The Sun Does Not Come Out Tomorrow?





For years now we’ve been listening to market cheerleaders like Steve Liesman, Tom Lee and Brian Belski give us their rendition of Little Orphan Annie’s “Tomorrow, tomorrow, the sun will come out tomorrow” but at a certain point the financial engineering runs out of time. But what if it didn't? Today, whether you look at the consumer, the producer, the worker or the borrower - they are all getting sicker.

 
GoldCore's picture

Gold Surges 3.5% in Euro and 2.2% in Pounds This Week





The monetary gun is shot and the Fed is out of ammo with little options should we have a new recession or a new financial crisis - both of which seem increasingly likely.

 
Tyler Durden's picture

Asia Superbubble Unstoppable: Hong Kong Up 10% In Past Week; Soaring Dollar Pushes Euro Back Under 1.06





Overnight market news was once again driven by the Asian superbubble, where as expected, the Hang Seng (+1.22%) soared once more and is now up 9.5% for the week, following news the Hong Kong Exchanges and Clearing Ltd (HKEx) expects it will "substantially increase" quotas for the stock connect program between Hong Kong and Shanghai, HKEx Chief Executive Charles Li said on Friday. The exchange could boost the current quotas, which cap how much mainland investors can buy Hong Kong stocks and vice versa under the trading link, by more than 20 or 30 percent, Li said at a media briefing in Hong Kong. Li did not give a precise date for when the quotas would be raised, but one thing is clear: everyone in China, and Hong Kong, must be all in stocks if the Chinese housing bubble can not be reflated. The Shanghai Comp closed higher by almost 2.0% following better than expected Chinese inflation data, while HK stocks continued their recent rally to closer higher by 9.5% for the week.

 
Tyler Durden's picture

Can't Wait To Read Bernanke's Memoirs? Here Are All The Timeless Statements By The Former Fed Chairman





We know it will be next to impossible to wait until October when this book of toner repair and printer cartridge replacement wisdom comes out, here is a sampling of timeless soundbites by the former Fed Chairman and current blogger, that should be enough to hold readers over.

 
Tyler Durden's picture

Bernanke Supercycles





Despite what Bernanke says now, monetary policy is still talked about as if it were “pro-growth” and “stimulus”, powers that even its main proponent and practitioner no longer admits. The enduring legacy is bubbles and cycles, or, again to be fully specific, bubble-based supercycles. The problem is that the 14 million “lost” labor potential may only be the beginning.

 
Tyler Durden's picture

Job Cuts In Industries "Closely-Related" To Oil Likely To Triple, Goldman Says





"We find that in previous oil-sector downturns, job growth in non-energy sectors that are closely related to the oil & gas industry has declined by three to four times as much as the decline in oil & gas employment itself," Goldman says, implying we're likely to see a substantial number of cuts in the months ahead.

 
Tyler Durden's picture

Recession 2.0: Abysmal Wholesale Sales Join Factory Orders In Confirming US Economic Contraction





Despite another data series revision by the Department of Commerce, there was no way to put lipstick on the pig of America's wholesale trade data, and as reported moments ago, the all important merchant sales for February dropped for 3rd month in a row in February, the longest stretch since the last recession.  What's worse however, is that the annual pace of decline has now stretched over both January and February, confirming that 2015 is now officially a year of contraction for the US economy. As a reminder, every time this series suffers an annual decline, there is a recession.

 
Tyler Durden's picture

Latest Weekly Initial Claims Of 281K Better Than Expected, Under 300K For Fifth Straight Week





After the abysmal March payrolls number, there were expectations in the whisper forecast of today's initial claims that there would be a sizable jump in initial unemployment claims, one that may break the streak of 4 consecutive prints under 300K. It did not happen, and in fact the number which was released moments ago by the BLS indicated continued strength in the US labor market, where there was 281K initial claims in the past week, just under the 283K expected and higher than the revised 267K from last week. This is the lowest level for this average since June 3, 2000 when it was 281,500. The previous week's average was revised down by 250 from 285,500 to 285,250.

 
Tyler Durden's picture

15 Years Of Stimulus - Nothing To Show





At this point 15 years ought to count for something. After all, we have now used up one-seventh of this century. So you can’t say its too early to tell what’s going on or to identify the underlying trends. So, after another Jobs Friday: here is the tally: The number of breadwinner jobs in the US economy is still 2 million below where it was when Bill Clinton still had his hands on matters in the Oval Office.

 
Tyler Durden's picture

Bernanke Has The Courage To Call His Upcoming Memoir The "Courage To Act"





Ben Bernanke can now add another headline to his impressive resume... Fed Chair... Blogger... and writer of fiction. As AP reports, Blogger Ben's memoir will be released in October, and the title will be "The Courage To Act," apparently inspired by the Fed's "moral courage" in the face of "bitter criticism and condemnation." While we thought perhaps "The Courage To Print" was more appropriate, it appears the book is non-fiction and thus, we suggest, the title needs an additional word of clarification: "The Courage To Act ........."

 
Tyler Durden's picture

Putin And Tsipras Are Meeting: Here Are The Main Highlights





While Germany has pre-emptively, and somewhat defensively, come out proclaiming Russian aid to Greece as 'no big deal' - a "routine event" - we suspect the signal that it would send would not be entirely great for the EU (and Obama's) 'Russia is evil' meme. Nonetheless, as Greek Prime Minister Alexis Tsipras meets Russian President Vladimir Putin today - just one day before The IMF loan repoayment is due, topics for discussion vary from lifting sanctions (bilaterally) or bankrolling a bailout to gas discount from Gazprom. Here's a summary...

 
Tyler Durden's picture

Frontrunning: April 8





  • Shell Will Buy BG Group for $70 Billion in Cash and Shares (BBG)
  • IMF warns of long period of lower growth (FT)
  • Wall Street sanguine as it heads into worst earnings season in six years (Reuters)
  • Switzerland First With 10-Year Bond at Negative Yield (WSJ)
  • U.S. Dot-Com Bubble Was Nothing Compared to Today’s China Prices (BBG)
  • Rahm Emanuel Re-Elected as Mayor of Fiscally Ravaged Chicago (BBG)
  • Oil falls on U.S. stock build, record Saudi output (Reuters)
  • White South Carolina policeman charged with murdering black man (Reuters)
  • German Factory Orders Drop for Second Month (BBG)
  • A third of Republicans support Iran nuclear deal (Reuters)
 
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