• Marc To Market
    05/05/2015 - 14:43
    Venezuela swapped its gold at a 40% discount for dollars and has to pay intrerest on those dollars.  Not anti-gold rant.  Google story if you  doubt the facts I cite. 
  • GoldCore
    05/05/2015 - 06:56
    Gillian Tett, markets and finance commentator and an Assistant Editor and former U.S. Managing Editor of the Financial Times, wrote an important and little noticed article last week questioning...

Steve Jobs

Tyler Durden's picture

The Fed Lives In The Past





The picture of this very old telephone reminds of our “esteemed” Federal Reserve. They really seem incapable of any modern thought. Their parallels to, and fears of, the Great Depression [Former Chair Bernanke], seem to drive 2009-2015 monetary policy. It reminds me of incredibly stale thinking... sort of like their incredibly stale personalities. I suppose it’s a good match for them but not for the citizens of the world subjected to their currently ineffective and intellectually lazy policies... rooted in very ancient [just like most of them] history.

 
EconMatters's picture

GE Resorts To Financial Engineering to Boost Stock Price





GE stock is down almost 13% over the last 7 years, and this is with record shares being taken off the market.  However, Jeff Immelt thinks he has a solution for this problem after 15 years at the helm of GE. 

 
Tyler Durden's picture

How GE Will Fund The Largest Stock Buyback In History





Back in April 2013, Apple shocked the world when in a dramatic U-turn to Steve Jobs beliefs, it announced what was "the largest single share repurchase authorization in history" when it boosted its share repurchase authorization to $60 billion from $10 billion. Today, GE did its best to match this number, when it reported that as part of a massive business restructuring, it announced a "new Board authorization of up to $50B buyback." This is how it will fund it.

 
Tyler Durden's picture

Rich Middle Class, Poor Middle Class





This great generational injustice is the direct consequence of central banks lowering interest rates to zero and inflating asset bubbles in a corrosive (and vain) attempt to generate a wealth effect of households borrowing and blowing their newly created asset wealth. In an economy that isn't whipsawed by central bank manipulation, the difference between middle class households' asset wealth is largely behavioral, not the random luck of coming of age before central banks began blowing destructive asset bubbles as a matter of policy.

 
Tyler Durden's picture

Frontrunning: March 23





  • Saudis keep on pumping, oil prices keep on slumping (Reuters)
  • Tenet Healthcare Nearing Deal to Buy United Surgical Partners (WSJ)
  • Dizzying Pre-IPO Tech Values Spurred by Rush of Hedge-Fund Money (BBG)
  • Russia threatens to aim nuclear missiles at Denmark ships if it joins NATO shield (Reuters)
  • Torrent of Cash Exits Eurozone (WSJ)
  • Draghi Cheerleads for Euro-Area Economy as Greek Risk Looms (BBG)
  • Fortescue Mines for More Financing Options (WSJ)
  • Topix Charts Evoke Calm Before ’13 Rout as Momentum Gains (BBG)
 
Tyler Durden's picture

Frontrunning: March 13





  • Again as first reported here: Record U.S. Oil Glut May Fill Storage, Cut Prices (BBG)
  • IEA sees renewed pressure on oil prices as glut worsens (Reuters)
  • No EU unanimity on renewing Russia economic sanctions (Reuters)
  • Tsipras says Greece doing its part in euro zone deal (Reuters)
  • ECB Set to Buy Fewer Bonds as Price Gains Ease Crunch (BBG)
  • These Americans Are Getting Rich Trading Derivatives Banned in the U.S. (BBG)
  • U.S. 2015 profits forecast to grow 1.7 percent; oil, dollar are concerns (Reuters) - in a month this will say "decline"
  • Manhunt for shooting suspects grinds on in Ferguson, Missouri (Reuters)
 
Tyler Durden's picture

Steve Jobs Held Billions Of Dollars Offshore. Was He "Unpatriotic"?





At the end of September 2011, just days before his passing, the company that Steve Jobs founded had a $25 billion cash hoard. Nearly half of this was stashed overseas. His personal share of the untaxed offshore booty was obviously substantial. Did this make him ‘unpatriotic’?

Was the guy who revolutionized five industries and touched the lives of billions of people some nefarious traitor because he held so much money offshore? Of course not.

 
Tyler Durden's picture

What Choice Do We Have?





It's jolly good fun to discuss alternatives to the doomed status quo, but what choice do most of us have to participating in the current system, even if we loathe it? The lack of choice is of course a key characteristic of the status quo-- if alternatives were plentiful, how many would opt out of Corporate America and the Financial Nobility's manor house of debt servitude?

 
Tyler Durden's picture

Frontrunning: December 11





  • Shale operaters Goodrich, Oasis Petroleum cut spending for 2015 as oil slides (Reuters)
  • Greece to hold elections in January if president vote fails (Reuters)
  • Norway’s Shock Rate Cut Drives Krone to Lowest Since 2009 (BBG)
  • ‘Severe Downturn’ Threatening Norway, Central Bank Governor Says (BBG)
  • Russia’s Fifth Rate Increase Fails to Halt Ruble Slide to Record (BBG)
  • SNB Says Deflation Risks Increased as Franc Cap Maintained (BBG)
  • China eases bank lending restrictions, PBOC targets 10 trillion yuan in loans for 2014 (Reuters)
  • Mobius Says China’s Bull Market Is Just Getting Started (BBG)
  • How Wal-Mart Made Its Crumbling China Business Look So Good for So Long (BBG)
 
Tyler Durden's picture

Activist Hedge Fund Goes Postal On Jim Cramer





After last night's marvelous Bloomberg profile of Bill Gross' last days at PIMCO, we were confident that no written material today could surpass Mary Child's fascinating narrative of the fallen bond king. And then we read Cannell Capital's activist letter to one James J. Cramer, of CNBC and TheStreet director infamy, which is hands down the blockbuster reading material du jour.

 
Tyler Durden's picture

Frontrunning: December 1





  • Moody’s Downgrades Japan’s Credit Rating (WSJ)
  • China Factory Gauge Drops as Shutdowns Add to Slowdown (BBG)
  • Euro zone factory growth stalls in November as new orders sink (Reuters)
  • Espírito Santo Faces Money-Laundering Investigations (WSJ)
  • Oil at $40 Possible as Market Transforms Caracas to Iran (BBG)
  • Hong Kong warns protesters not to return after clashes close government HQ (Reuters)
  • Bond Secrets Decoded 9,539 Miles From Wall Street in Lot (BBG)
  • Ruble Rally Turns to Rout as Fortunes Tied to Sinking Oil (BBG)
  • Loans Made in Blink as Banks, Funds Vie for LendingClub Clients (BBG)
 
Capitalist Exploits's picture

Passion = Profits





Most of the really big returns made by investors and entrepreneurs come from companies which seem to have one unmistakable element.

 
Tyler Durden's picture

Larry Ellison Steps Down As CEO Of Oracle





Unlike Steve Jobs, who almost literally passed away engrossed by his lifetime legacy, his work, that "other" billionaire, Oracle's Larry Ellison, 70 years young, has decided to step aside and focus on the more enjoyable things in life such as buying Hawaiian islands.

 
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