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Today's Market Contagion: Energy High-Yield Credit Spreads Blow Above 1000bps For First Time Ever
For the first time on record, HY Energy OAS has broken above 1000bps - signifying dramatic systemic business risk in that sector (despite a modest rebound today in crude prices). The energy sector is entirely frozen out of the credit markets at this point with desk chatter that there is no bid for this distressed debt at all and air-pockets appear everywhere as each new trade reprices the entire sector. The broad high-yield 'yield' and 'spread' markets are now under significant pressure - both pushing to the cycle's worst levels.
HY Energy weakness is propagating rapidly into the broad HY markets:
This suggests significant weakness to come for Energy stocks:
This cannot end well (unless the Fed decides monetizing crude in addition to TSYs and E-Minis is part of its wealth preservation, pardon "maximum employment, stable prices, and moderate long-term interest rates" mandate...)
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Where are my mittens? I have some knives to catch....
What? Are you gonna throw 'em at that flock of Black Swans flapping this way?...
The impact on Russia will be fascinating. Sad.
Will it end peacefully -- no probably not. What I am interested to see, is will China intervene to save Russia, or capitalize on its weakness?
Imagine China usings its $1T slush fund in USTs getting sold for Ruples.
My money would be on Chinese UST collateralization for $ on-lent at perhaps 20Y @ 3M LIBOR + <100bps...
http://www.zerohedge.com/news/2014-11-15/and-biggest-winner-oil-price-pl...
Where are my mittens? I have some knives to catch....
Heh heh.....here kitty kitty!
If China wants to back Russia against the Zionist then reissue the Yuan backed by gold and accept the Rubble at face value. Sell the $1.2 trillion USD on the open market. Fuck the tribe.
Just a guess but I think there are a lot of military officers and politicians who are just as sick of the sociopaths that infest the USA as ZH readers. You can only put up with parasites so long and then you die or kill them.
If the Chinese still had those dollars,when would be the best time to dump them for maximum effect ?
If it was me, I would do between Xmas and New year. when only the reserve player are around in govt.
and Wall st.,
...and Leon is getting LAAARGER
Tyler, can we officially dub whatever the Fed's response to the coming catostrophie "QEULTRA®?" It'll probably be just as dumb as Project MKUltra, it'll probably be the equivalent of closing the barn door after the horses are out, and it will not end well. The only question is the timing.
Under consideration, of course. China tightly holding the FED's balls decides herself when it's the time. Most likely the silent agreement between the countries is still effective (cheap gold for not dumping the us bonds) until gold reserves become sufficient to convincingly introduce yuan as the new world reserve currency. Likewise, it's not in China's interest to break down America's economy not only because of export but mainly because of global market turmoil it would certainly cause. Just in case of very last resort.
The important thing here is that China is conducting the US economy behind the scenes. Self-confident looking American politics is just an illusion for the masses. The puppet masters have changed.
I still can't figure out why Russia doesn't insist 20% of their oil and gas sales get paid in Rubles and another 20% in gold.
I think the ruble slide would hit the wall within seconds. And with all of these rumbling about Russia will have to sell its gold stack...well that bankster crap would end too.
I wonder the same thing.
I can only think of a few things;
1) Putin is just a puppet controlled by the same group of Western-backed Oligarchs.
2) Putin is following Sun Tzu -- and feigning weakness to try and draw his enemies out into the open.
3) Putin is not wanting to blow his load -- and is trying to wait out our failed system. Its a game of Chicken with quadrillions on the line.
the more and more I see, the more and more i think it is option one, in which case, the bootstamp on humanity's face is solidly planted.
Putin is smart, wars are messy and unpredictable, Zionist are criminal sociopaths, keep your distance when possible.
No war and no bootstamp on my face sounds good to me.
Nobody sane wants a world war.
Putin seems to be the sanest player at the Great Game table right now.
That in itself, should have everyone scared shitless right now.
even though some of the others want war, they want only profitable wars
that's the reason why we are having currency wars, cyber wars, commodity price wars, etc.
oil, for example, is a wonderful opportunity for Wall Street's vultures. plenty of roadkill on which they will be able to gorge on
So you're saying miscalculation is "contained".
Makes me feel so much better.\s
Actually, I think he is saying that WWIII is not going to be profitable for the US. That I would agree with. We'd find that an invasion of Russia breaks our supply chains and that will come back home to bite us. The problem is, we're heading down a path that will lead to desperation and a loss of what little rational thought is left.
Or Putin knows how fucked up the Zionist sociopaths are and how eager the MF’ers are to go to war with Russia and make Russia the energy bitch for the Zionist fascist for the next 100 years.
1) is the usual "there conspiracy!" thing. evidence: the Russian Duma. on which issues does that body differ from Putin? or from the West?
2) is the difference between the short gains game and the long gains game. The further you go East, the more you find the latter one. Until China, which uses the longest
3) is the "there must be resolution" thing. Putin is not out to "fix" the world. He has his own power base to cater to. His life depends on that
The USA Founding Fathers fought an EMPIRE, the largest empire that had existed up until that time. The Founding Fathers understood that power corrupts, and that the only defense was not to allow concentration of power. That's why they were hesitant to create the USA, and only created it as a Republic, with as many checks and balances as they could figure out how to impose on it, while still giving it funding to fight the EMPIRE again, if the EMPIRE attacked again.
The reason Putin is valuable is that he is a check limiting the power of today's EMPIRE. The more nations standing up to today's EMPIRE, the more rights and freedoms everybody in the world has.
Putin doesn't have to be an angel to be valuable in this way. Washington, Jefferson, and many other Founding Fathers were not angels. But they were valuable, and what they did is still helping everybody in the world, at least by its example.
I appreciate the sentiment. I would love to have a chat with your Founding Fathers. Interestingly, because they read the same literature as I do and were interested in the same classic issues as I do, they would, if they were here, resemble me more then the modern American
So I guess they would tell you that empires are a fact. Power abhors vacuum. That empire does not mean you have to sacrifice your republic. And that it's your republic, not Putin's (who is a foreign entanglement). Yours to keep, if you can. Yours to restore, if needed. Your Res Publica, your "public thing". And public does not mean "rugged individualism" in the sense that it's someone's else job to do it
What Republic?
You're a little late to the party.
I'm in europe. We have a Fifth French Republic, a Second German Federal Republic, a First Italian Republic, a First Austrian Republic, and so on
I'm putting the numerals in front so that you remember that if you lost the First American Federal Republic... well, you could find the Second one
your constitution is still version 1. if you consider the amendments, it's version 1.26
Update, or upgrade, or find something better, if you are not happy with 1.26 and the corruptive malware that it accumulated
I guess the Founding Fathers would not understand the computer OS lingo, but would appreciate the sentiment, and say something similar. Hell, they immediately upgraded from 1.0 to 1.10, didn't they?
+1 Thanks for the European history lesson!
I guess all is not lost yet...
I sincerely doubt that a version 2.0 would involve a rekindling of checks, balances, or some semblance of founding concepts. If the democratic process could work, then wouldn't obama have saved the world from bush, rather than picked up the torch? If the arab spring is any indication of a more assertive/less democratic attempt, then version 2.0 is going to look a lot like whatever is currently in place.
While we might call it a second or third republic, the label we affix probably will have little to do with the underlying system... whether it be the peoples' republic of china, democratic republic of the congo, great socialist people's libyan arab jamahiriya, or democratic peoples' republic of korea...
Nature abhors a vacuum. Nature also abhors a monopoly. All empires do what is needed to destroy themselves.
"Nature also abhors a monopoly" Interesting theory, but it's very new to me. Explain. In terms of empire, for a moment in history it looked like the US would achieve global hegemony. Now it's feeling headwinds from that. You mean in those terms?
Perhaps it is human nature to overextend. Absolute power corrupts. Corruption destroys.
It is general nature to overextend... especially human nature. However, I'm not sure that nature necessarily abhors a monopoly or else mother nature wouldn't have one, right (or, alternatively, entropy has a monopoly)? Further, nature provides quite a bit of situations where various classes of animals sit atop the food chain... I think this is a monopoly. If the only check and balance is a resource constraint (e.g. eating up all sources of food), then I think it's still a monopoly... at least all the other animals think so.
I argue that monopolies are naturally sought... competition naturally sought to be avoided... and laziness and apathy demanded upon the defeat of competition.
OMFG, Lord Ghorduius the Omnipotent is here.
I have doubt in my mind that the founding Fathers resemble some euro keyboard commando in any way shape or form.
Of course you are free to fantasize as you wish.
Grimaldus
It shouldn't be that hard to digest considering they were subjects of the crown...
Perhaps you are right but I see more of something more like that of the "altar of statism" bureaucrat foundry at Brussels....
Grimaldus
Ghordius,
I agree with what you wrote, EXCEPT that I don't think Putin is the foreign entanglement. I remember the Francophiles vs. the Anglophiles and how they were both trying to entangle us in the long war between Britain and France, which began long before our Revolutionary War and continued up until Waterloo (and, I think I could argue, even up until at least WW2, and possibly until this day). I consider the London/EU bankers to be the current foreign entanglement, and Putin to merely be their current target.
I would LOVE it if any of the Founding Fathers could grab a Tardis and come visit.
I am not sure where "rugged individualism" fits into this. I would agree that active citizenship is MY job to do. "You miss 100% of the shots you don't take."
My guess would be 3)
Now Russia is starting to show us not only how to play chess, but also how to play poker...
I will take number 3 for $500 jack.... Would appear that they are having a very hard time juggling this thing and some un-intended consequences are highly possible. Based on the liquidity on SPOs, I would say that there is a suicide pack for the big players not to sell... If any one of them breaks and liquidates, it could get really interesting..... Would be nice if Puting could send in a few 100k fat finger trades..... He could break it wide open
I've been thinking his game is #3 for a while now. I hope I'm not wrong.
"I think the ruble slide would hit the wall within seconds"
now, despite some Putin supporters in the Russian Duma calling the governor of the Russian National Bank a traitor...
the Ruble was "floated free" in the international FX markets on the NB's decision. That's an immense USD-based ocean, way larger (and liquid) then the whole Russian economy
imagine the real Russian economy like a big bear. now imagine the FX markets, in comparison, they have the size of a blue whale
now imagine the blue whale being the tail of the bear. who can shake the shit out of who?
we are in a currency war. in such a conflict, the targets are currencies. in some cases, "shot" by "their own" side
The only way to win that game is to not play. Silver / Gold backed Currency.
in this moment of the currency wars, it would be the most expensive and least... effective. you have to wait until the wind changes, and all "boats" turn the other side
"The trend is your friend".
Speaking of silver, Hecla mining is getting some unexpected love today, up 5% on no news and above average volume.
Amen.
And yet, only 1/3 of the world's wealth is in North America. 2/3 can beat 1/3, if 2/3 gets upset enough to "withdraw with love" from the 1/3. I hope some in the USA (Senator John McCain, for example) can convince the USA TPTB that they cannot expect perpetual support from 2/3 of the world if they allow rogue Presidents to go around the world torturing people.
Although... I believe another 1/3 of the world's wealth is in western Europe. But, still, western Europeans haven't exactly always agreed with or worked well for long periods with one another.
Ruples? OMG, Russia had to merge Ruppees with Rubles? It must be bad!
Difference between catching a knife & an anvil. Shapes of Wile E. Coyote here.
Retailer*, Oil Patch, "Sovereign" bond/debt holder, and holders of most things "high yield" collateral (bonds, indentures, etc.) MASSACRE just weeks away.
*I'm waiting for Amazon and the rest of the e-tailers & retailers to have me just tip them whatever I wish to purchase something - that's how desperate they've become. Also, 12k off on 38k pickup trucks without even having to haggle.
Who would have ever thought this was Bullish News as the stock market is up this morning and gold / silver are getting their usual hammering. Looks like its back to business as usual foks. Now move along, nothin' to see here. <sarc>
Oil is a big cost in transportation and in manufacturing. Lower costs = higher profits.
<<Where are my mittens? ...>>
Mittens lost in 2012, but he's thinking about taking another shot in 2016...
SYDNEY kidnapper identified
Man Haron Monis
latstest
http://tersee.com/#!q=sydney&t=text
Another Irish Catholic no doubt
Catholic Irish Agent ?
I'm not going to mention Calholics again today.....that's enough feather ruffing for one day.
you mean alcoholics, I guess. or Catholic alcoholics. (reference "feather ruffling") did you know that Jefferson was accused to be a closet muslim during his campaign against John Adams, btw?
I'm more up on Jefferson than I am Adams.....have you googled that yet?
Loved the Alinsky opening gambit.....nice.
you probably don't realize that if I google something, I get completely different results from you
not only I am in a different country (which makes my neighborhood different), I use VPNs and the IPs I often use are nevertheless recognized by Google as those used for scientific and political work
so if you googled something that you want to show me, you have to somehow render that in a more explicit way (or give me your ZIP Code, which I would not)
I'll take that as a no.
Whoa...Mr. Anti conspiracy theory, you cannot drop such a bombshell without some backup. Links? Book references?
If true, that is faaaaaaar out.....
Did someone ask for a link?
http://en.wikipedia.org/wiki/First_Barbary_War
It was written in their Koran, that all nations which had not acknowledged the Prophet were sinners, whom it was the right and duty of the faithful to plunder and enslave; and that every mussulman who was slain in this warfare was sure to go to paradise. He said, also, that the man who was the first to board a vessel had one slave over and above his share, and that when they sprang to the deck of an enemy's ship, every sailor held a dagger in each hand and a third in his mouth; which usually struck such terror into the foe that they cried out for quarter at once.[21]
why do you not quote in full? what you are quoting is preceded by "In March 1785, Thomas Jefferson and John Adams went to London to negotiate with Tripoli's envoy, Ambassador Sidi Haji Abdrahaman (or Sidi Haji Abdul Rahman Adja). When they enquired "concerning the ground of the pretensions to make war upon nations who had done them no injury", the ambassador replied: "
in other words, by the ambassador of a pirate nation. you are using the words of one man that was asking tribute from the US against free shipping - a tribute the US previously did pay - and citing spurious religious grounds on which other Islamic nations did not agree with. I don't know in which world you live in, but in the one I live in a lot of people say all kind of things when it comes to... money
here an article from the New Republic called "Thomas Jefferson was a muslim" where the smear campaign is mentioned http://www.newrepublic.com/article/117173/thomas-jeffersons-quran-denise...
here an article that notes Jefferson bought his first Qur'an as a student and that he was the first president to receive a muslim diplomat http://www.somervillepubliclibrary.org/blog/?p=2740
and here http://host.madison.com/lifestyles/faith-and-values/religion/in-the-spir...
again, because of my VPNs and my IPs and my academic work, what I don't reach that easily with search engines is all the "crank" sites that portray Jefferson as an anti-muslim
in his age, many Protestants wanted to bar Catholics, Jews (and Muslims) from any office. and he spoke repeatedly agaist such religious discrimination
his own writings are proof of his religious tolerance. and they are in the Library of Congress, and can be viewed in pdf format
Interesting, thanks GZG above and Ghordius...
Further, Jefferson worked very hard after his Presidency to establish the University of Virginia, because the College of William and Mary (where Jefferson went to school) was an Anglican Church State-Church school. I think Jefferson put two items on his tombstone: this and the Declaration of Independence.
Naagh The religious pieces. As in bit and pieces.
I enjoy the irony on the barbarious cult of death and terror:
“When the sacred months are over slay the idolaters wherever you find them. Arrest them, besiege them, and lie in ambush everywhere for them.”
– The Quran, Surah 9:5 (Pay no attention to what their holy books of death and domination command them to do.)
Islam is anything if not ironic.
“A teenaged bomber on Thursday targeted a Kabul auditorium packed with people watching a drama condemning suicide attacks,” reports Reuters.
“Taliban spokesman Zabihullah Mujahid said
the bomber targeted the event because it was staged ‘to insult Islamic values and spread propaganda about our jihad operations, especially on suicide attacks.’”
And so, in defense of “Islamic values” and to dispel “propaganda” about “suicide attacks,” Muhammad Jr. blows himself into pork-sausage, killing one and wounding 16.
Ah, Islam.
Good luck man......you're gonna need it.
I think the idolaters Mohamed was talking about were the Arabs who still worshipped idols, instead of worshipping the One God the Jews, Christians, and Mohamed's followers worshipped.
Correction: Man "Harvey" Monis.
An Iranian refugee? The are not Sunni.
He must be confused.
But has anyone managed to smuggle in a pair of scissors to them hostages yet???
https://www.youtube.com/watch?v=oI5EoWBRYmo
they will turn this around by wendsday the headliners read Dow ends week at records dollar over 90 and precious metals are lowest in 7 years. all problems solved
dead on - bravo !
OAS to zero
Option-adjusted spread (OAS) is the flat spread which has to be added to the Treasury yield curve in a pricing model (that accounts for embedded options) to discount a security payment to match its market price. OAS is hence model-dependent. This concept can be applied to a mortgage-backed security (MBS), option, bond and any other interest rate derivative. In the context of an MBS, the option relates primarily to the right of property owners, whose mortgages back the MBS, to prepay the mortgage amount.
Nobody's going to pay for energy during a nuclear war.
If you thought the Polar Vortex hurt GDP, wait 'till you see the dent that a nuclear winter will leave...
too bad the fed doesn't have a billion barrels of storage capacity or they could fix this. of course they will buy any garbage the banks don't want so there's that (and mark to fantasy).
LOL, lke their printing oil.
moar intervention is always the answer. ;)
or O could open a new strategic 10 billion barrel strategic resevre facility at the hoover dam or O might initiate oil drops on the poor
Why does "oil drops on the poor" seem like a racist comment?
are you profiling 'poor'? how dare you! what will the people at your internet cafe say? forget about a date with the foxy blonde getting her masters in art history.
You are racist for bringing up race. You are also racist if you were born an evil white fuck. All white men are evil
am i racist if i crush you in a one on one game of b-ball?
How's punishing Russia with drastically lower oil prices working out Obama?
what does O have to do with this? he's not privy to the game plan...he is just reactive to its consequences
Even you are giving him too much credit. He does as he is told when he is told to do it. That is how puppets work.
Backdoor Barry: "Things are great! I'm heading to my Hawaii Bunker!"
Correct Tylers it cannot end well but needs to wait till after the FOMC meeting. /sarc
Tylers,
Go take a look at Blackrock's Larry Fink slipping up in interview on oil prices. At 1:50 in interview with Dealbook, he slips and says....They (countries) don't know as m...anymore as we do.
Who's kidding whom?
http://www.cnbc.com/id/102264793
Finance is a new form of warfare. More powerful than standing armies.
In economic and financial wars, there are always unintended consequences. Does anyone think that the dramatic drop in oil prices and rouble is not an aspect of a full spectrum war?
On Thursday, House members passed a $1.1 trillion+ spending bill. On Saturday, senators followed suit.
Expect Obama to sign it into law straightaway. With little fanfare. Perhaps already. Monied interests own him
Enactment rolls back Dodd-Frank’s Section 716: Prohibition Against Federal Government Bailouts of Swaps Entities.
Leaving taxpayers on the hook for hundreds of trillions of dollars of risky derivatives. Especially under G20 bail-in rules. Letting bankers loot depositor accounts.
Few Americans understand. Finance is a new form of warfare. More powerful than standing armies.
Banking giants run things. Money power has final say. Bank accounts aren’t safe. Depositor theft is coming.
Called “bail-ins.” Code language for grand theft. Instead of breaking up, nationalizing, or closing down failed banks, confiscated depositor funds intends keeping them operating.
Enormous amounts are at stake. Low-hanging fruit. There for the taking. A treasure trove to be looted.
Depositor haircuts are the new normal. Banks legally own your funds. In return for IOUs or promises to pay.
http://www.globalresearch.ca/us-spending-bill-bonanza-for-wall-street/54...
Sheeple don't care about anything until it affects them directly.
No outcry on Obozocare until premiums went up and the plan you liked was not what you could keep.
No concern at all about the Fed amongst the sheeple. Many don't even know what the Fed is. Only a stock market crash that leaves 401ks drained to nothing and bank accounts frozen will get them riled. Unitl that day, the bankster manipulators are free to carry on.
Very true. And they (the sheeple) are dumb enough to believe the health plan increases are done with into the future with this first round of increases? Nope, they aren't. The GAO already stated that. I guess Americans have been successfully manipulated to have low self-esteem and a low deserve level. A major success for the elites, as they are set up to take every single cent people have worked for all their lives.
“Many don't even know what the Fed is.”
Ding...ding...ding!
Shit shows and cronybuses...sounds like a new Disneyland ride, eh!
Good and truthful Light/knowledge liberally stolen and shared here that shines the light on the exact answers.:
“Ending the Rothschild Central Banking System is an end of the Criminal activity and worldwide scandals such as LIBOR, national bailouts, and other drug-money laundering activity; money used to buy weapons used in warfare … all devised to impose austerity policies on nations and to continue the flourishing of the Rothschild Banking Empire, otherwise known as the British Empire.
The Federal Reserve Bank is not a US Federal Institution. It is one of many Rothschild Central Banks. There are 28 major financial institutions (banks), in America, associated with the Federal Reserve Bank, and it is this conglomerate banking cartel, otherwise known as Wall St.are the banks that need to go out of business.
A four step solution to ending the Rothschild Banking System in America is …
1) Obama must be removed and replaced with a Real US President:
2) Congress must reinstate the Glass-Steagall Act of 1933
3) End the FED by putting the FED in Bankruptcy Receivership and reorganize it to represent a Third National Bank of the United States of America (National Banking)
4 )Issue Credit to invest in large projects that will stimulate the growth of the US physical economy; bailout the the states to keep municipalities functioning; expand the manufacturing industry that promotes Job Creation; provide adjustable mortgages and rates so that American can stay in their homes; reform Health-care and Education to fit and support national policies of scientific and technological progress and other international economic policies that strengthens US relations with Russia, China, India and other nations to develop international projects that builds and strengthens the world’s overall physical economy. We have the resources, we have the skills and talents … this can be done … all is needed from the people of earth is the will to do it.
The “fiscal cliff” that everyone is talking about is a bunch of Bullshit Policies that cut spending and budget cut this and that, which does nothing in contributing to the general welfare of the nation.
What the FOMC decision really means is that the international bailout process, which is less economic policy and more of a political strategy, is getting increasingly out of control, and people are beginning to notice.
Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury.
NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests."
http://www.marketwatch.com/story/major-banks-governmental-officials-and-their-comrade-capitalists-targets-of-spire-law-group-llps-racketeering-and-money-laundering-lawsuit-seeking-return-of-43-trillion-to-the-united-states-treasury-2012-10-25
End Rothschild Central Banking System:
https://www.youtube.com/watch?v=ltbuEJdL6lQ
You want truth, you can't handle the truth!
http://www.activistpost.com/2014/12/the-global-bankers-coup-bail-in-and.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ActivistPost+%28Activist+Post%29
That only became true starting a couple thousand years ago.
The FED's got this covered - going back to sleep....zzzzzzz
Our Great Recovery: Putting the puzzle together, thanks to ZH
bullish !
DOW and S&P new records by 2015
I guess the Prez can relax and go golfing now.
Backdoor Barry shoots 10-under par!
here's your Lehman, dear Yellen, lots of them
And they dump gold and silver. You gotta laugh. What a farce.
not a farce - do really think The Almighty FED is going to have a bad day?
They dump gold and silver paper, not metal.
The big question is whether the US can manipulate the dollar higher and oil prices lower - and do it FAST enough to collapse Russia - BEFORE the US collapses its own oil production, its own high yield credit market, its own capex, its own jobs market, and by forcing loan defaults in energy (and related loans in oil producing areas) - collapse its own financial system.
Agreed
A timing play to inflict enough damage on Putin without taking out too many "friends" at home. Supply numbers revision in Feb. or March?
"The Amerikanskis have crushed us, Vlad, we're Broke!"
"Launch the Missiles, General."
so the Saudis (and rest of OPEC) have been withdrawing their petrodollars from recycling ponzi for months now only to blow up shale industry and possibly trigger shadow banking collapse
Wells Fago investors will be interested to know the bank made a big push into energy financing 5 months ago ( to make up for lost customers in the mortgage biz .... hehehe )
http://articles.chicagotribune.com/2014-07-11/business/sns-rt-us-wells-fargo-results-energy-20140711_1_energy-sector-u-s-energy-boom-energy-companies
Wells gets bailed. No debate.
TBTF= Taxpayers Bail-out The Fucker
North Dakota motels for sale!
Name your price
Hold on....there's still a backroom pipeline meeting going on. I would remind you there's a shift coming in Congress.
Comes with "reflecting pool of texas tea"?
$1,600,000
http://www.loopnet.com/Listing/18925643/100-co-rd-30-Watford-City-ND/
The water park in back really makes the place.
Nice. This one is funny too. 300 million dollar high rise project with amphitheatre and various other ludicrisies (new word), designed in the shape of a D for Dickinson.
http://www.prairiebizmag.com/event/article/id/18872/
$2500/mo
http://nd.craigslist.org/apa/4726675423.html
i dont want the whole damn state, i just want a motel
No bid for distressed debt? I thought that was what US taxpayers were for?
Abdullah taken ill...
death bed awaits on no news...
vacuum?
anarchy around corner
jmo
Gold-, oil and gas-backed ruble in .....3......2........1........
Was that John Corzine that bought all that oil last night?
WTI 56 handle in .....3.....2......1.....
What is the average time to maturity for high yield debt issued by the shale oil sector: when initially issued and currently for the inventory outstanding?
How much of the outstanding debt needs to be rolled over in the next year?
ALL.
I've been looking at charts a lot these last months.
And I'm no expert at all....
....but the first 45 minutes of todays "markets" already seem to suggest that this will be ONE HELL OF A CRAZY DAY!!!
Watch FIG go down in flames as the "rat" is exposed....just a tad too late as the "rat" has been spilling "his" guts for weeks now. They were long on ND drillers. Actually believed their own non-GAAP numbers. That is funny, no? Book cooking now under way.
It takes a 17 year old school boy to know how to play the Oil futures and Gold futures market !
http://uk.businessinsider.com/mohammed-islam-high-school-trader-2014-12
Eat your heart outs, while you await for Armageddon!
Ain't life in these times a scream ?
Meanwhile Citi Cromnibus shenanigans to allow TBTF more derivative leeway may find its explanation in this :
http://uk.businessinsider.com/citi-ceo-sees-35-billion-charge-in-q4-2014-12
It doesn't reqire a genius economic mind when you have the central bank and feederal gubbermint playing hanky panky with just about everything.
Just BTATHD is all you need to know.
.gov can bail out the energy sector by doing an oil QE and buying for the strategic reserve.
technically all above ground Enterprise storage is considered part of the SPR, and the last few years the BRICs (esp China) have been building their own SPRs. since these countries had no storage to mention they could absorb the supply. above ground storage adds a couple dollars to the value of the oil, so that would help the global economy keep a floor under oil prices, (who knew during the arab oil embargo that someday we would be defending the value of oil) you have to wonder what the hedge funds who were buying and storing oil are doing now? the moment may come when there is no oil to buy. once a bottom is in sight, the producers may switch off the supply. just as farmers plowed crops under in the depression. as a metaphor to this problem keep you eye on the fed, they may not raise interest rates, but they may choose to tighten lending instead.
"Finance is a new form of warfare. More powerful than standing armies."
Until your bankster minions start suiciding themselves.
Well listen to my story about a central banker named Jed.....
...The next thing you know old Jed's got oil credit on his books....
That's going to leave some skidmarks in energy traders shorts.
Truth Has No Temperature
http://databank.worldbank.org/data/views/variableselection/selectvariables.aspx?source=joint-external-debt-hub
winks
The reason Putin doesn't want is because he is a man of faith with sense enough to know if he corners the sleeping zionist giant in the wrong fashion he is libel to come up with something called WW3 and likely get his ass blown up along with the rest of the planet.