• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

Switzerland

Tyler Durden's picture

Negative Rates In The U.S. Are Next: Here's Why In One Chart





Here is the one chart which in our opinion virtually assures that the Fed will follow in the footsteps of Sweden, Denmark, Europe, Switzerland and now Japan.

 
Tyler Durden's picture

$5.5 Trillion In Government Bonds Now Have Negative Yields, Covering 23% Of Global GDP





"Never before have so many central banks explored sub-zero territory at the same time."

 
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Global Stocks, Bonds Jump On BOJ NIRP Stunner; Rally Fizzles After Crude Fades Gains





It is safe to say that nobody expected the BOJ stunner announced last night, when Kuroda announced that Japan would become the latest country to unleash negative interest rates, for one simple reason: Kuroda himself said Japan would not adopt negative rates just one week ago! However, a few BIS conference calls since then clearly changed the Japanese central banker's mind and as we wrote, and as those who are just waking up are shocked to learn, negative rates are now a reality in Japan. The immediate reaction was to send the USDJPY surging by nearly 200 pips, back to levels seen... well, about a month ago.

 
Tyler Durden's picture

BoJ Adopts Negative Interest Rates, Fails To Increase QE





Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is no ammo to lift stocks. An almost 200 point surge in Dow futures has been erased and Nikkei 225 has dropped 1000 points from its post BOJ highs... as 10Y JGB yields hit record lows at 11bps and 20Y JGB yields drop to 82bps - the lowest since 2003

 

 
Tyler Durden's picture

Americans Really, Really Hate The Government





If there is one thing that Americans can agree on these days, it is the fact that most of them don't like the government.

 
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How The Rothschilds Made America Into Their Private Tax Fraud Backyard





... Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”

 
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China Says Soros "Hasn't Done His Homework," May Be "Partially Blind"





"So why do speculators make claims that run counter to reality? Analysts said it is because either the short-sellers haven't done their homework or that they are intentionally trying to create panic to snap profits."

 
Tyler Durden's picture

Denmark Passes Law To Seize Valuables, Cash From Refugees





Denmark has passed new immigration legislation that will allow police to seize cash and valuables from refugees in what lawmakers say is a bid to help pay for asylum seekers' upkeep. While some say the bill is "misunderstood," others call it "morally horrible."

 
Tyler Durden's picture

Capital Formation Collapses - IPO Market Crashes To Post-Crisis Lows





Zero... nada... zip! That's how many IPOs have started trading on US exchanges in 2016 so far... In fact, January 2016 was globally the worst month for capital formation (IPOs) since August 2008.

 
Tyler Durden's picture

...Until The Bubble Bursts





Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast majority who benefit from inflating bubbles - until the bubble bursts. And here we go again.

 
Tyler Durden's picture

Oil Slides Dragging Global Stocks, US Futures Lower, After Saudi Aramco Supply Comments





After the biggest two-day surge in oil in seven years, early in the overnight session both Brent and WTI continued their run for a third day, entering a bull market, 20% up from recent lows hit just last week (still 15% down on the year) when Saudi Arabia spoiled the momentum party after  the world’s biggest crude exporter said it’s keeping up investments in energy projects while diesel consumption in China dropped for a fourth consecutive month, signaling an industrial slowdown. And thanks to the near record correlation between equities and oil, global stocks and US equity index futures initially rose only to slide following the Saudi comments.

 
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"Bowels Emptied! Women Molested!" German Media Reveals "Monstrous" CCTV Footage Of Refugee Pool Mayhem





Despite the best efforts of European cartoonists, some refugees apparently didn’t get the message about proper pool behavior because according to “reports,” some asylum seekers were caught on closed circuit TV doing some rather lewd things at the Johannisbad baths in Zwickau.

 
Secular Investor's picture

Is Russia Imploding In Front Of Our Eyes... Again?





"Russia has approximately 12-18 months left at the current oil price before the country reaches a point of no return..."

 
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