recovery
Faltering Faith, Losing Hope, & Rising Charity - 15 Striking Findings From 2015
Submitted by Tyler Durden on 12/24/2015 14:00 -0500Every year, Pew Research Center looks back at the most memorable facts that illustrate important trends shaping our world. From faltering faith in government to the decline of Christians in America and from increased racial tensions to the shrinking American middle-class, here are some of our most striking findings of 2015.
Zimbabwe Becomes Beijing's First African Colony With Adoption Of Chinese Yuan
Submitted by Tyler Durden on 12/24/2015 11:13 -0500On Monday, Zimbabwe announced that this small, economically devastated country would officially make the Chinese Yuan its legal tender as it seeks to increase trade with Beijing. In exchange for becoming not only a military but also financial colony of China, $40 million of its debts to Beijing would be canceled. China was delighted it cost it only a $40 million debt write off to acquire its first official African colony.
Global Stocks, Futures Flat As Santa Rally Runs Out Of Steam In Christmas Eve-Shortened Session
Submitted by Tyler Durden on 12/24/2015 07:02 -0500After a furious three day "dash for trash", no volume, no breadth, commodity-driven rally, even Santa is now exhausted and overnight US equity index futures were little changed with European and Asian shares mixed. The dollar has declines as gold, silver gain, with WTI initially continuing its recent meteoric rise (up over 8% in the past three days, nearly hitting $38), only to reverse and give up all overnight gains moments ago. Copper falls after Chinese stocks see a second day of weakness, down 0.7% while an unexpected tumble in the USDJPY to 7 weeks lows has dragged the Nikkei (-0.5%) and its futures down.
The Keynesian Recovery Meme Is About To Get Mugged, Part 2
Submitted by Tyler Durden on 12/23/2015 12:42 -0500At the end of the day, the Fed led central bank money printing spree of the past two decades resulted in what is functionally a massive dollar short. Once the Fed stopped expanding its balance sheet when QE officially ended in October 2014, it was only a matter of time before all the “near-dollars” of the world would come under enormous downward pressure in the FX markets. Our Keynesian witch doctors believe that sinking currencies are a wonderful thing, of course. They claim making your country poorer is a good way to stimulate export growth and a virtuous cycle of spending and growth. But there is another thing. It is also a good way to generate capital flight and the ensuing chaos that creates.
The Housing Recovery Was Just Cancelled (Again) Due To 5 Months Of Downward Revisions
Submitted by Tyler Durden on 12/23/2015 10:44 -0500Not only were there downward revisions between the November and October "government data", but as the chart below shows, over the past 5 months the data has been consistently "revised lower" with every incremental release.
Santa Rally Lifts Global Stocks For Third Day: Will Volumeless Levitation Push The S&P Green For 2015?
Submitted by Tyler Durden on 12/23/2015 06:55 -0500With just a handful of trading sessions left in the year, this is how the major global markets look as 2015 is about to close. As of this moment, and in keeping with the Christmas spirit, the biggest question is whether the S&P500 will close green or red for the year.
Increasingly Durable Correlations
Submitted by Tyler Durden on 12/22/2015 19:15 -0500There are a few correlations that we find particularly compelling...

'Terrorists' Almost Spoil Traders' "Dash-For-Trash" As Volume Disappears
Submitted by Tyler Durden on 12/22/2015 16:05 -0500The Keynesian Recovery Meme Is About To Get Mugged, Part 1
Submitted by Tyler Durden on 12/22/2015 13:55 -0500Since our Keynesian central bankers have no clue that their prodigious money printing resulted in the drastic underpricing of credit and capital over the course of the past two decades, they are flying blind. They simply fail to see that the global economy is now swamped in more excess capacity than at any time since the 1930s, and probably even then. So they keep expecting the commodity cycle to momentarily bottom and prices to rebound, thereby reflating CapEx and household spending.
The World Of Work Has Changed And It's Never Going Back To The "Good Old Days"
Submitted by Tyler Durden on 12/22/2015 12:12 -0500Wishful thinking is not a solution. The world of work has changed, and the rate of change is increasing. Despite the hopes of those who want to turn back the clock to the golden era of high-paying, low-skilled manufacturing jobs and an abundance of secure service-sector white collar jobs, history doesn't have a reverse gear.
Grey Swans Rising - All 6 Of Goldman's Global Risk Indices Are Worsening
Submitted by Tyler Durden on 12/22/2015 09:07 -0500Despite every effort by The Fed to convince the world that everything is awesome, it's not. From China growth risks to concerns about tightening financial conditions, Goldman warns so-called 'grey swan' fears are rising with Brexit, Trumpe elected, widening terrorist threats, and increased protectionism the most impactful.
Feldkamp: The Macroeconomics of Crises and Fraud
Submitted by rcwhalen on 12/22/2015 08:22 -0500Financial fraud is any method by which deception or duplicity induces those with money to "invest" in a scheme...
The Fed Never Solved The Mystery Of The "Missing Inflation", And Now It Has A Big Problem
Submitted by Tyler Durden on 12/21/2015 18:57 -0500"The trouble is that rents are running high not because house prices are booming and/or construction is sawing but because structurally new entrants to the housing market are renters not owners. This is reflected in the very low first time homebuyer rate, less than 30 percent."
Step Aside Gold: There Is Something Else The Hedge Fund Community Hates Even More
Submitted by Tyler Durden on 12/21/2015 13:51 -0500While the fear and loathing of gold by the "smart money" and central banks has been extensively documented in recent years, another asset class is emerging as the "most hated" within the speculator community: treasurys, or rather, duration.
The Fed's Confidence Game Is Ending
Submitted by Tyler Durden on 12/21/2015 10:06 -0500The Fed seems to have been operating on the theory that their own views on the economy determine its path. But recently the Fed has taken the principle to an extreme never seen. Yellen may well have just hiked rates expecting, hoping, that the mere act of showing confidence in the economy would produce an economy worthy of confidence. The Fed has dominated the narrative for years now, investors and traders hanging on every word. Last week that started to change, the market repudiating the Fed’s outlook over a 48 hour period that must have produced some second guessing at the Fed.




