Reuters

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First Financial, Now Food Engineering: This Is How A Hedge Fund Will Change The Olive Garden Menu





They came, they complained about the breadsticks and water temperature, and they won.

 
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Ebola Pandemic Update: Probable Cases In Brazil And Paris, 7 More Isolated In Spain, WHO Warning





Despite claims of containment, Reuters reports seven more people turned themselves in late on Thursday to an Ebola isolation unit in Madrid; but following a visit by PM Rajoy, Spanish citizens can relax as the government is setting up a special Ebola committee. Following yesterday's scare in Paris, The Independent reports authorities are investigating a 'probable' case of a French national who may have contracted the disease in Africa. The World Health organization has warned that East Asia is at risk of becoming a "hot spot" for diseases - but is well prepared after SARS and avian flu but it is the appearance of a confirmed case in Brazil that is most concerning. A 47-year-old man, originally from Guinea, is LatAm's first case and suggests SOUTHCOM's "nightmare scenario" is closer than many would care to believe. Finally, the CDC has issued special guidance to 911 operators on dealing with suspected Ebola cases across America.

 
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Global Equity Shock as "Captured" System Starts to Crack





This week has seen some market volatility (see VIX Chart) reminiscent of the functioning market from days of old. The markets are spooked, bad news is overtaking good news and bearish views are becoming vogue. We are seeing a titanic battle taking place between the various bull and bear camps and they are starting to unleash some serious firepower. 

 
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Frontrunning: October 10





  • It wasn't Obama this time: Pakistani teen, Indian activist win Nobel Peace Prize (Reuters)
  • Surging VIX Shakes Bulls as S&P 500 Charts Go Haywire (BBG)
  • Global shares hit six-month low as growth worries mount (Reuters)
  • Police, protesters clash in St. Louis ahead of weekend of rallies (Reuters)
  • We're Sitting on 10 Billion Barrels of Oil! OK, Two (BBG)
  • Spain seeks answers as seven more enter Ebola isolation (Reuters)
  • Iran will sell its oil to Asia in November at the biggest discount (BBG)
  • Redefining honeypot: U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms (Reuters)
  • UKIP Wins First Commons District With Conservative Defector (BBG)
  • Fake Ebola Patients Help Hospitals Prepare for Next Case (BBG)
 
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Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America





In terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States. China also accounts for more total global trade than the U.S. does, China consumes more energy than the U.S. does, and China now manufactures more goods than the U.S. does. In other words, the era of American economic dominance is rapidly ending.

 
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Curious Why You Lost All Your Money On GTAT? Sorry, The Bankrupt Company Won't Tell You





Earlier today, in addition to insult and injury, what everyone - and especially GTAT's shareholders - got was nothing short of a slap in the face, when the company argued it could not reveal why it filed for bankruptcy and asked a court to keep crucial documents sealed, something even Reuters dubbed a highly unusual move that may keep investors in the dark about its unexpected, and very spectacular implosion. 

 
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‘Helicopter Yellen’ Sends Stocks, Gold, Silver Soaring





Copious amounts of monetary whiskey have been downed in the global economy and yet the recovery remains weak at best. The mother of all monetary hangovers awaits us all and will likely manifest in stagflation and sharply higher inflation.

 
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Black Teen Shot At 17 Times, Killed By White Cop Just Miles Away From First Ferguson Shooting





Here we go again. Exactly two months after the deadly shooting of Michael Brown by a local police officer in Ferguson, MO, it is time for part two. Overnight, in nearly the same spot as the Brown shooting, a white off-duty policeman shot and killed a black teenager in St Louis, officers said, triggering a night of protests just miles from the site of another police shooting of another black youth in the suburb of Ferguson. Reuters has the details: police said the 18-year-old was armed and fired three shots while he was being chased by the officer, and they had recovered a gun at the scene.  The youth was killed almost two months to the day since sometimes violent protests erupted in Ferguson after a white police officer shot dead unarmed black 18-year-old Michael Brown.  Said otherwise, cops say Myer was armed but witnesses say he was only holding a sandwich when he was tased, fell over & then was shot at 17 times of which "only" three hit.

 
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Frontrunning: October 9





  • Five U.S. airports to screen for fever (Reuters)
  • Danger, central banks trading with each other: Bipolar U.S. Stocks See Biggest Mood Swing in Three Years  (BBG)
  • Draghi Policies Blunted in Berlin as German Protests Grow (BBG)
  • White policeman kills black teen in St Louis, triggering fresh protests (Reuters)
  • Au Revoir to France’s Welfare Model as Socialists Cut Spending (BBG)
  • Here comes Roberto Cavalski (Reuters)
  • There are 49 U.S. venture-capital-backed companies with a valuation of $1 billion or more—the highest number on record (WSJ)
  • Pressure mounts on Hong Kong leader over payout amid crisis (Reuters)
 
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"Dr. Bitcoin Venezuela" Wages 'Economic War' Against Maduro's Currency Controls





"Even though bitcoin is volatile, it's still safer than the national currency," said one young 'tech-savvy' Venezuelan, who as Reuters reports, is looking to bypass President Maduro's dysfunctional economic controls. "I'm teaching people to use bitcoin to bypass the exchange controls," said Gerardo Mogollon, a business professor who styles himself as 'Dr. Bitcoin Venezuela,' speaks at conferences and appears in online videos to urge Venezuelans to adopt the crypto-currency..."Bitcoin is a way of rebelling against the system."

 
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Ebola and Global Recession Risks Send Stocks Sliding





Global economic growth remains weak and vulnerable and the global financial system remains very fragile. The ebola virus has the potential to be the straw that breaks the proverbial camel’s back. 

Stocks and commodities fell globally today due to concerns about the spread of Ebola and declining economic growth. Precious metals bounced from near multi month lows.

 
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US Ebola-Fighting Troops Mission Could Last A Year; Spain Quarantines 6, Euthanizes Dog; US Patients Conditions Worsen





Africa's US commander has admitted troops will be fighting Ebola for about a year (and in direct contact with infected individuals). Both US Ebola patients conditions are worsening, as Reuters reports, Thomas Duncan is fighting for his life on a ventilator (and undergoing dialysis) and NBC cameraman Ashoka Mukpo is receiving blood from Ebola-survivor Dr. Kent Brantly. The outbreak in Spain has spread with 6 "high risk" patients under quarantine (and Excalibur the dog is set to be euthanized - raising questions about transmission mechanisms). The economic impact on West Africa continues to surge with The World Bank estimating a $32billion hit by the end of 2015.

 
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Frontrunning: October 8





  • Turkey says Syria town about to fall as Islamic State advances (Reuters)
  • Only now? Growth worries grip stocks, oil (Reuters)
  • Hong Kong Protest Leaders ‘Furious’ at Agenda for Talks (BBG)
  • Earthquake Damages Thousands of Homes in Southern China (BBG)
  • Keystone Be Darned: Canada Finds Oil Route Around Obama (BBG)
  • Where Is North Korea's 31-Year-Old Leader? (BusinessWeek)
  • Australia to Revise Employment Data (WSJ)
  • Americans Living Longer as Fewer Die From Heart Disease, Cancer (BBG)
  • A 401(k) Conundrum: Can You Make Cash Pile Last for Life?  (BBG)
  • China Services Sector Slows in September (WSJ)
 
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Futures Fail To Rebound Despite Another Overnight Slam Of Global Bad News





And it all started off so promisingly, when after the biggest selloff in US stocks in two months, the BOJ and its preferred banks once again sold 6J (i.e., bought USDJPY) in the morning Japan session (while collecting CME liquidity rebates of course), sending the pair from below 108 to half the way to 109, and naturally taking global futures higher while pushing yields lower when as ITC says a "large TY seller knocked USTs to lows during the session" - hmmm, wonder who the large seller was. And then... the "rebound euphoria" fizzled a la Sodastream, sending the Nikkei sliding 1.2%, and US equity futures back to unchanged with the bond surge returning and sending German Bunds to new all time highs once again, while the Dax briefly broke below under 9000 before stabilizing at the key support level. It is unclear what caused the failure in central bank euphoria, although some suggest that the latest bevy of disappointing economic news wasn't quite bad enough.

 
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