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Tyler Durden's picture

F.T.W.S.I.J.D.G.I.G.T.





FTW (For Those Who Say I Just Don't Get It... Get This!) There seems a shift showing itself in dramatic fashion unseen since the 2008 financial meltdown. Not only are some key players, or institutions beginning to notice some troubling signs; but rather; those very signs that everyone was told 'won’t or shouldn’t happen', not only are, they’re starting to rear their ugly heads in much greater frequency.

 
Tyler Durden's picture

Volatility Explodes: China, Bunds Crash Then Smash; Dow, S&P500 Tumble Below Key Support Levels





When Draghi warned traders yesterday that "markets must get used to periods of higher volatility" boy was he not kidding.

 
RANSquawk Video's picture

RANsquawk Preview: May Non-Farm Payrolls - 5th June 2015





 
Tyler Durden's picture

3 Things: Autos, Old People, Buybacks





"The elderly dependency ratio is in the early stages of a relentless rise that doesn't hit an interim peak until around 2036, over two decades from now." The "structural shift" in the dynamics that drove the economy and financial markets in the 80's and 90's will not likely exist again for quite some time. Of course, if this was not the case, would we still be needing massive Central Bank interventions to support global economies and markets? Meh? What could possibly go wrong? [sarcasm alert]

 
Tyler Durden's picture

This Is What Capital Controls Will Look Like In Greece





"Under severe capital controls, redenomination and nationalisation risk rises. The Greek banks would be most at risk, while the two largest non-financial issuers could potentially continue to service their external debt even after a redenomination of domestic liquidity and revenues. Such a scenario also poses major risks to GGBs and other EGB markets"...

 
Tyler Durden's picture

The Real Reason Why There Is No Bond Market Liquidity Left





"Central bank distortions have forced investors into positions they would not have held otherwise, and forced them to be the ‘same way round’ to a much greater extent than previously... unless fundamentals move so as to justify current valuations, when central banks move towards the exit, investors will too.... The way out may not prove so easy; indeed, we are not sure there is any way out at all."

 
Tyler Durden's picture

Ukraine 'Mobilizes' Right Sector Neo-Nazis Amid Renewed Fighting; NATO Points Finger, Russia Responds





Following yesterday's "large-scale" rebel offensive, as Ukraine's military reported it, and hot on the heels of Poroshenko's threat of imminent martial law (including the right to detain or force relocate foreign nationals at will) and Soros' exposure as the 'lethal-weapon-demanding' puppet-master, Tass reports Ukraine’s nationalists affiliated with the extremist organization calling itself the Right Sector (outlawed in Russia) have been urged to cut short their vacations and all commanders, ordered to begin full mobilization. NATO has asked both sides to back down, focused on Russia's responsibility as Poroshenko says there are now more than 9,000 Russian troops on Ukraine soil (though YouTube proof remains absent). It appears, perhaps strengthening Soros' case for lethal aid, that The Minsk Accord is hanging by a thread.

 
Tyler Durden's picture

Overnight, In Chinese Stocks...





As the afternoon session opened overnight in China, stocks were crashing 6-7% (after dropping over 10% and soaring over 15% in the 5 days prior). With record and exponentially growing margin trading one can only imagine the vast majority of new account-holding housewives were stopped out of various positions. Which makes us wonder, just who the mysterious buyer of last resort was that lifted Chinese stocks ever-so-linearly all the way back to unchanged (and in fact green for Shanghai). We suspect you know the answer, and sure enough, just as Bloomberg notes, who cares about China's economy when stocks are rising this much? Simply put, this is bread-and-circuses distraction for the masses of Chinese facing the harsh economic reality of a post debt-fueled bubble bursting.

 
Tyler Durden's picture

What Does Credit "Know" About Payrolls?





Maybe nothing... but one thing is for sure - protection is bid into tomorrow's uncertainty (despite rates collapse today).

 
Tyler Durden's picture

California Set For A 10-Cent Gas Tax Hike





Legislation has been in introduced in the California state Senate that would increase the state’s approximately 47 cents-per-gallon gas tax by 10 cents.  The new California fuel levy, which would be the state's first increase since 1994, will be collected on top of an 18.4-cents-per-gallon federal gas tax that is charged to all drivers in the nation to fill the federal government’s transportation funding coffers. 

 

 
Tyler Durden's picture

Sunday Deal Deadline Dies As Greece Prepares Desperate "Draft" Plan





Greece and its creditors are set to miss a self-imposed Sunday deal deadline as talks are still ongoing, an unnamed official tells Reuters. Meanwhile, Kathimerini says "government officials attending an emergency summit under Prime Minister Alexis Tsipras on Saturday prepared a draft agreement as Greek sources cited by the Athens-Macedonia News Agency indicated that negotiators in Brussels were close to a deal on value added tax, curbing early retirements and the gradual merging of pension funds." And so it continues.

 
Tyler Durden's picture

Spot The Very Odd One Out: "How Much Longer Can This Divergence Continue?"





A chart we first showed several months ago is once again making the rounds, this time courtesy of Newedge's Brad Wishak who looks at recent trends in asset volatilities, and asks a simple question: "how much longer can this divergence continue?"

 
Tyler Durden's picture

Forget "Game Theory" - Yanis Varoufakis Introduces "Hope Theory"





While hope has long been dismissed as a strategy among the investing public, for game-theory expert (and Greek FinMin) Yanis Varoufakis, "hope" appears to be all he has left. Reflecting on James Byrnes 1946 speech, Varoufakis explains a “Speech of Hope” for Greece would make all the difference now – not only for us, but also for our creditors, as our renaissance would terminate the default risk.

 
Tyler Durden's picture

BOJ's Kuroda "Believes He Should Fly", Says Central Bankers Should Think Happy Thoughts





"I trust that many of you are familiar with the story of Peter Pan, in which it says, 'the moment you doubt whether you can fly, you cease forever to be able to do it.'"

 
Tyler Durden's picture

C-Suite Gamblers - The Real "Dumb Money" Inflating The Bubble





U.S. companies announced $141 billion of new stock buyback programs last month and $243 billion of new M&A deals. Both figures are all-time records, and according to bubblevision are further evidence that CEOs are bullish on their companies and the economic outlook. You might say that. Then, again, it might put you in mind of swarming moths heading for a light bulb. The baleful truth is this. In its arrogant and misbegotten seizure of all financial power, the nation’s central bank has turned the C-suite of corporate America into a destructive agent of bubble finance. That’s ‘dumb money’ with a vengeance.

 
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