This page has been archived and commenting is disabled.

Tyler Durden's picture

LTV 137% - In Unprecedented Development, Lenders Now Take Record Losses On Every Used Car Loan





This wasn't supposed to happen...

 
Tyler Durden's picture

"The Fallout Ratio" Is Flashing Red - The Chart That Realtors Don't Want You To See





The Home Sales Fallout Ratio gives us an idea of the trend of contracts (aka 'pending home sales') falling through and failing to close. It is telling us that, while sales are at a 9 year high, trouble is brewing in the current version of the bubbly housing market. This could be a harbinger of mass destruction should mortgage rates begin a persistent rise from here.

 
Tyler Durden's picture

Losing Money Is "Inevitable" This Year, SocGen Warns Citing Economic "Elephant"





Investors are losing money, which strikes us as largely inevitable with asset prices where they are and economic growth and profits on a downward trajectory. Losing the least amount of money may be the best source of success this year.

 
Tyler Durden's picture

Pre-Blame-Game Begins: Fed's Brainard Fingers HFT For "Amplifying Market Shocks"





We warned previously that when (not if) the market crashes next, The Fed is going to need a scapegoat (other than British traders living at home with their parents) and judging by The Fed's Lael Brainard's comments today, high-frequency-traders (HFT) are in the crosshairs. Crucially, Brainard warns that HFT "may amplify market shocks," and The Fed is "studying possible changes in liquidity resilience." 

 
Tyler Durden's picture

Airlines Stocks Plunge After DoJ Probes Collusion On High Prices





Low oil prices must be good for airlines profits, right - especially if they keep ticket prices artificially high...

*DOJ SAID PROBING WHETHER AIRLINES COLLUDING ON HIGH AIRFARE:AP

And now we await for the DOJ to probe whether central banks are colluding to keep stock prices high. /sarc.

 
Tyler Durden's picture

"What If Berlin And Frankfurt Do Not Budge" - How Varoufakis Saw The "Worst Case Scenario"





What if Berlin and Frankfurt do not budge? What if they tell Athens to ‘go jump of the tallest cliff’? I have good cause to hope that Berlin will prefer to accommodate the Greek government and to look with a great deal more ‘kindness’ the ‘request’ for a debt relief conference. And if it does not, and wishes to bring the Eurozone down with it, let it do its worst, I say.

 
Tyler Durden's picture

Crude Crashes To $56 Handle - 10-Week Lows





Following today's record production and renewed inventory build, it appears the $57 to $62 range of the last 3 months is about to be tested ... especially as Kerry et al. assure the world an Iran deal is "very very close" and they are working "very very hard." WTI (Aug) is now trading with a $56 handle - its weakest since mid-April...

 
Tyler Durden's picture

Ex-Im Bank Bites The Dust Today - Good Riddance To A Crony Capitalist Heist





The Export-Import Bank died last night when its charter expired. After 81 years, what is commonly known as Boeing’s Bank is headed toward Washington’s trash bin. When Congress returns it could revive Ex-Im, which primarily subsidizes big business exports. But a proper burial for what Barack Obama once called “corporate welfare” would save Americans money, reduce economic injustice, and promote economic growth. Ex-Im’s closure is a very rare victory for the good guys in Washington. Crony capitalism is running rampant in America, undermining confidence in a market economy.

 
Tyler Durden's picture

Greek FinMin Lays Out 6 Reasons To Vote "No" In The Referendum





Confused as to how to vote Sunday? Starting to understand having your cake and eating it to may not work? Greek FinMin Varoufakis has six simple reasons to "just say no"...

 
Tyler Durden's picture

Defiant Tsipras Addresses Nation, Urges "No" Referendum Vote





TSIPRAS CALLS FOR `NO' VOTE IN JULY 5 REFERENDUM

GREECE RECEIVED BETTER PROPOSALS FOR DEBT AFTER REFERENDUM CALL

 
Tyler Durden's picture

Stocks Tumble After Eurogroup Meeting Ends: "No Talks Until After Referendum"





Surprise! The Eurogroup conference call has ended and there's no deal in sight until after the referendum.

*KAZIMIR SAYS NO GREECE TALKS UNTIL AFTER REFERENDUM

Small Caps are leading the way...

 
Tyler Durden's picture

Algos Sell The "Leap Second" Rip





The world saw a potential Y2K-moment overnight and just as in 2000, the world did not end. An extra leap second was added, potentially blowing up every computer in the world... but as the following chart shows, for the algos, it was just a buying (and selling) opportunity.

 
Tyler Durden's picture

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof





For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.

 
Tyler Durden's picture

Jim Bianco Rages "The Recovery Ship Sailed", Bashes Big Govt Believers, Slams Greek Risk 'Deniers'





"Today is Day 1 of Year 7 of the 'recovery', and yet economists everywhere proclaims 3% growth is just around the corner," rages Jim Bianco as he addresses what 'bugs him', exclaiming "that ship has sailed." Bianco and Santelli go on to slay Keynesian big government dragons and the incessant bullshit from officials like Jack Lew who opine on Greece and other potential systemic risks as being a non-event - "what is priced in is that everything will work itself out at the 11th hour," leaving a huge asymmetric risk. Well worth the price of admission...

 
Do NOT follow this link or you will be banned from the site!