• Tim Knight from...
    12/21/2014 - 09:37
    The five remaining equity bears on Earth are all saying the same thing: "We'll get 'em in 2015." To which I ask: why? What's going to change?

Toyota

Tyler Durden's picture

Frontrunning: December 11





  • Wall Street Exhales as Volcker Rule Seen Sparing Market-Making (Bloomberg)
  • GM to End Manufacturing Down Under, Citing Costs (WSJ)
  • U.S. budget deal could usher in new era of cooperation (Reuters)
  • Ukraine Police Back Off After Failing to Stop Protest (WSJ)
  • First Walmart, now Costco misses (AP)
  • Dan Fuss Joins Bill Gross Shunning Long-Term Debt Before Taper (BBG)
  • China New Yuan Loans Higher Than Expected (WSJ)
  • China bitcoin arbitrage ends as traders work around capital controls (Reuters)
  • Blackstone’s Hilton Joins Ranks of Biggest Deal Paydays (BBG)
 
Tyler Durden's picture

Abe Approval Rating Plunges (But Japan Is Not Venezuela, Yet)





Japan's PM Shinzo Abe has seen his approval ratings collapse for the first time since his 'devalue-to-glory' strategy was unveiled a year ago. Kyodo News reported, support for Mr. Abe fell 10.3ppt to 47.6%, while Japan News Network reported a 13.9-point fall to 54.6% as WSJ reports, public concern over the controversial secrecy bill (designed by Kafka, inspired by Hitler) and its nationalist overtones merely exacerbated Japanese people's concerns about their pocketbooks (as incomes stagnate and costs rise). As Abe plays lip service to economic issues (with a very Maduro-like speech recently on profit margins and wage increases), there is little but public outrage to hinder his plans as his ruling Liberal Democratic Party has big majorities in both houses of parliament, with no election scheduled until 2016. So much for Abenomics...

 
Tyler Durden's picture

Auto Makers' Channel Stuffing Highest Since 2005





While the abundance of commercials for cars across all media this time of year is nothing new, the manufacturers (and even more so the dealers) are likely getting more desperate. As Bloomberg reports, inventory climbed to almost 3.4 million cars and light trucks entering November - at 76 days of supply, that was the highest for the month since 2005. This should come as no surprise as we previously noted GM's post-crisis highs in channel stuffing as hope remains high that the recent slowdown in sales does not continue. The question, of course, is, "will manufacturers be responsible and curb production to keep inventory in check, or are some going to resort to old, bad habits and churn it out and then throw incentives on them." We suspect we know the margin-crushing answer.

 
Tyler Durden's picture

Thanksgiving Frontrunning And Market Summary





  • The second coming of Obamacare website - will it work? (Reuters)
  • Winter Storm Moves North as Macy’s Waits to Make Parade Call (BBG)
  • Eyeing holiday sales, more U.S. retailers to open on Thanksgiving (Reuters)
  • It's all Verizon's fault: H-P Will Replace Verizon in Hosting HealthCare.gov Website (WSJ)
  • Bitcoin Service Targets Kenya Remittances With Cut-Rate Fees (BBG)
  • Embattled Thai PM easily survives no-confidence vote, protests persist (Reuters)
  • For U.S. stores it is ugly out there: in more ways than one (Reuters)
  • Japan and S Korea military flout China air zone rules (FT)
  • UBS Restructuring Forex Unit (WSJ)
  • Trader Messages Scrutinized as UBS Bans Chats Among Firms (BBG)
  • ECB warns on external risks to eurozone financial system (FT)
 
Tyler Durden's picture

Frontrunning: November 6





  • Christie Sets Himself Up for Run in 2016 (WSJ)
  • De Blasio Elected Next New York City Mayor in Landslide (WSJ)
  • Hilsenrath: Fed Study: Rate Peg Off Mark (WSJ)
  • MF Global Customers Will Recover All They Lost (NYT) - amazing what happens when you look under the rug
  • Virginia, Alabama Voter Choices Show Tea Party Declining (BBG)
  • Explosions kill 1, injure 8 in north China city (Reuters)
  • Toyota boosts full-year guidance as weak yen drives revenues (FT)
  • Starbucks wants to recruit 10,000 vets, spouses to its ranks (Reuters)
  • U.S. Economy Slack Justifies Stimulus, Top Fed Staff Papers Show (BBG)
  • Israel set to become major gas exporter (FT)
 
George Washington's picture

Tepco Tore Down the Natural Seawall Which Would Have Protected Fukushima from the Tsunami





Tsunami Wouldn’t Have Taken Out the Reactors If Tepco Had Left the Natural Seawall In Place

 
Tyler Durden's picture

Futures Flat As FOMC Begins 2-Day NOctaper Meeting





For those curious what Bernanke's market may do today, we flash back to yesterday's AM summary as follows: "Just as it is easy being a weatherman in San Diego ("the weather will be... nice. Back to you"), so the same inductive analysis can be applied to another week of stocks in Bernanke's centrally planned market: "stocks will be... up." Add to this yesterday's revelations in which "JPM Sees "Most Extreme Ever Excess Liquidity" Bubble After $3 Trillion "Created" In First 9 Months Of 2013" and the full picture is clear. So while yesterday's overnight meltup has yet to take place, there is lots of time before the 3:30 pm ramp (although today's modest POMO of $1.25-$1.75 billion may dent the frothiness). Especially once the market recalls that the NOctaper FOMC 2-day meeting starts today.

 
Tyler Durden's picture

Frontrunning: October 25





  • Contractors describe scant pre-launch testing of U.S. healthcare site (Reuters)
  • Carney Says BOE Revamp Offers Wider Access to Cheaper Funds (BBG)
  • Help wanted in Fukushima: Low pay, high risks and gangsters (Reuters)
  • Merkel and Hollande to change intelligence ties with US (FT)
  • Twitter IPO pegs valuation at modest $11 billion (Reuters)
  • NSA monitored calls of 35 world leaders after US official handed over contacts (Guardian)
  • Officials alert foreign services that Snowden has documents on their cooperation with U.S. (WaPo)
  • Scottish Nationalists Lose Vote After Plant Threatened With Axe (BBG)
  • Fernández contemplates a train wreck in Argentine elections (FT)
  • Irish Government will consider ‘best options’ for bailout exit (Irish Times)
 
Tyler Durden's picture

Frontrunning: October 23





  • Top China Banks Triple Debt Write-Offs as Defaults Loom (BBG)
  • PBOC suspends open market operations again (Global Times)
  • Eurozone bank shares fall after ECB outlines health check plan (FT)
  • O-Care falling behind (The Hill)
  • Key House Republican presses tech companies on Obamacare glitches (Reuters)
  • J.P. Morgan Faces Another Potential Huge Payouta (WSJ)
  • Yankees Among 10 MLB Teams Valued at More Than $1 Billion (BBG)
  • Free our reporter, begs newspaper as China cracks down on journalists (Reuters)
  • Peugeot Reviews Cost-Saving Alliance With GM (WSJ)
 
Tyler Durden's picture

Frontrunning: October 11





  • Dot Com part deux: Investors are showing increasing hunger for initial public offerings of unprofitable technology companies  (WSJ)
  • Poll Finds GOP Blamed More for Shutdown (WSJ)
  • House, Senate Republicans Offer Competing Plans on Debt-Limit, Government Shutdown (WAPO)
  • Obama, Republicans aim to end crisis after meeting, hurdles remain (Reuters)
  • US Rethinks How to Release Sensitive Economic Data (WSJ)
  • Chinese East Oil Fuels Fresh China-US Tensions (WSJ)
  • ECB Agrees on Swap Line With PBOC as Trade Increases (BBG)
  • China September Auto Sales Surge 21% on Japanese Rebound (BBG)
  • JPMorgan Taps Taxpayer-Backed Banks for Basel Rules (BBG)
 
EconMatters's picture

Tesla: Where Retail Investors Rushing in and Nest Eggs Cracking





Every year there seems to be a few momentum stocks defying logic, reality while bleeding all shorts getting in the way.  This year, Tesla Motor is one such stock. 

 
Tyler Durden's picture

Japanese Car Parts Providers Busted For $5 Billion Price-Fixing Collusion





A few days ago we noted a major Senate demand of the Treasury Secretary that foreign nations' currency manipulations should be punished (supported by American Manufacturers Associations). Today we find out that Eric Holder and his DoJ crew have found that nine Japanese car parts makers have colluded to raise prices. As part of the scheme, more than $5 billion in auto parts were sold to U.S. car manufacturers and installed in cars sold in the United States and elsewhere. The companies will pay more than $1.6bn in criminal fines. Seems like a small price to pay for the Japan being allowed to devalue its currency boosting its own car exports?

 
Tyler Durden's picture

Frontrunning: September 9





  • Hedge Funds Cut Back on Fees (WSJ) as we predicted would happen in May
  • Syria's Assad denies chemical weapons use; U.S. presses case for strike (Reuters)
  • Unemployment Falling for Wrong Reason Creates Fed Predicament (BBG)
  • U.S. tapped into networks of Google, Petrobras, others (Reuters)
  • Chinese Zombies Emerging After Years of Solar Subsidies (BBG)
  • Monte Paschi doubles planned capital hike to 2.5 billion euros (Reuters)
  • Loan Size to Be Cut for Fannie, Freddie (WSJ)
  • Japan Growth Revision Opens Door to Sales Tax Rise (FT)
  • Inside the End of the U.S. Bid to Punish Lehman Executives (NYT)
  • Financial Crisis: Lessons of the Rescue, A Drama in Five Acts (WSJ)
  • Time Warner Joins IBM in Health Shift for Retirees (WSJ)
  • Mideast Derails Key Issues in Congress (WSJ)
 
Tyler Durden's picture

Frontrunning: September 6





  • Summers Faces Key 'No' Votes if Picked for Fed (WSJ)
  • NYT Editorial Board Says Summers Would Be Wrong Fed Choice (NYT)
  • Russia says it's compiled 100-page report blaming Syrian rebels for a chemical weapons attack (McClatchy)
  • China says Syria crisis can't be resolved with military strike (Reuters)
  • G-20 Faces Growth Threats as Syria Adds to QE Exit Risks (Bloomberg)
  • Apple Supplier Fire Spurs Biggest Chip Price Rise in 3 Years (BBG)
  • U.S. Decided Not to Horse-Trade With Russia on Assad (WSJ)
  • Financial Crisis: For Corporations and Investors, Debt Makes a Comeback (WSJ)
  • Gorman Says Chance of Another Financial Crisis ‘Close to Zero’ (BBG) and in other news, "no risk of a Us downgrade" -  Tim Geithner
  • A Biotech King, Dethroned (NYT)
 
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