Tyler Durden's picture

The Legendary U.S. Consumer Is Out Of Cash In These Cities

There is a very clear distinction in which cities US consumers are doing well, versus cities in which they have been tapped out. For those wondering where the US consumer is all spent out, look no further than the cities at the bottom of this chart.

Tyler Durden's picture

"Irreversibly Broken & Dysfunctional" - There's Something Wrong In The Markets

Today’s dilemma – for financial markets and central bankers – is that pushing back against nascent “risk off” unleashes another forceful bout of “risk on.” At this point, it’s either Bubble on or off – destabilizing either way. The global Bubble has grown too distended and the market backdrop too dysfunctional. Central bankers over the past 25 years have created excessive “money,” while incentivizing too much finance into financial speculation. There is now way too much “money” crowded into the securities and derivative markets, and the upshot is an increasingly hostile backdrop for leverage and speculation.

Phoenix Capital Research's picture

If the Economy is Strong, Why Are These Assets In Full Blown Bear Markets?

Breaking a critical trendline (particularly one that has been in place for several decades) is one thing. Breaking it and then failing to reclaim it during the following bounce is indicative of BEAR MARKET.

Tyler Durden's picture

An Almost Perfect Storm Of Incompetence And Felony

"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason."

Tyler Durden's picture

The Deep State: The Unelected Shadow Government Is Here To Stay

America’s next president will inherit more than a bitterly divided nation teetering on the brink of financial catastrophe when he or she assumes office. He will also inherit a shadow government, one that is fully operational and staffed by unelected officials who are, in essence, running the country. To be precise, however, the future president will actually inherit not one but two shadow governments.

Tyler Durden's picture

Son Of Billionaire Steel Magnate Plunges To His Death Amid Demise Of UK Industry

He built the world's fastest road-legal car. He produced a classic British gangster flick. And he fell to his death on Sunday amid the global deflationary supply glut.

Tyler Durden's picture

Bullish Hopes, Bearish Signals

There is little evidence currently that the rally over the last couple of months has done much to reverse the more "bearish" market signals that currently exist. Furthermore, as noted by Jochen Schmidt, the current market action may be more indicative of market topping process. Not unlike previous market topping action, the markets could indeed even register "new highs," as witnessed in both 2000 and 2007 before the major market correction begins. This is typically how "bull markets" end by providing false signals and sucking in the last of those willing to "buy the top." The devastation comes soon after.

Tyler Durden's picture

Mind The New Lows - Copper, Junk Credit, & More

Once again we feel the close tug of systemic illiquidity as it transcends the usual noise about assurances to ignore or trivialize all this growing uncertainty. Even though stocks and other assets have been trading in their own world mostly free from all this more hidden esoterica, the full weight of this analysis suggests that can’t be more than a temporary deviation. Since it is the angle of economy that is ultimately driving all of this, everything depends upon a global economy that has already been beaten down far past anticipation.

Tyler Durden's picture

Portuguese Government Falls As Socialists, Communists Topple PM

Get ready Angela Merkel, because you're about to face another anti-austerity push, only this time, the country "matters"...

Tyler Durden's picture

Goldman Sees 60% Chance Current "Expansion" Continues Another 4 Years, Becomes Longest Ever

"Using a dataset on developed market business cycles, we calculate that the unconditional odds that a six-year-old expansion will avoid recession for another four years—and mature into a 10-year-old expansion—are about 60%."

Tyler Durden's picture

Global Stocks Fall For 5th Day On Disturbing Chinese Inflation Data; Renewed Rate Hike Fears; Copper At 6 Year Low

The ongoing failure of China to achieve any stabilization in its economy, after already cutting interest rates six times in the past year, and the prospect of a U.S. interest rate hike in December, had made markets increasingly jittery and worried which is not only why the S&P 500 Index had its biggest drop in a month, but thanks to the soaring dollar emerging market stocks are falling for a fourth day - led by China - bringing their decline in that period to almost 4 percent, and the global stock index down for a 5th consecutive day.

Sprott Money's picture

Leaving the Eye of the Hurricane

Those who choose to distance themselves (and their wealth – however large or small) geographically from the centre of the hurricane will fare best.

Tyler Durden's picture

The Recessionary Signals Of A 5% Unemployment Rate

"Historically, the statistical or mathematical properties of the financial markets have shifted as the economic recovery nears full employment (i.e., at about the 5% unemployment rate the contemporary recovery has reached). Traditionally, at this point in the recovery, the stock market suffers more frequent declines, bond yields rise more often, average annualized returns from both asset classes are lower, diversification benefits tend to diminish, and recession risk is enhanced."

Tyler Durden's picture

Demand 'Stimulus' Has Not Worked - It's Time To Tell The Truth About Debt

Repeated dosages of quantitative easing to kick-start economic recovery have proved totally ineffective everywhere. Yet central bankers are talking about doing it again – in larger amounts. The obsession with spending rather than saving has led governments everywhere to suppress interest rates to near zero. Under this destructive economic model governments are the worst offenders. In their craze to spend cheap money they allocate resources blindly into projects of dubious viability, for which there was no public demand in the first place. Result: huge taxpayer-borne losses.

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