RANSquawk Video's picture

RANsquawk - Weekly Wrap - 24th December 2014





 
Tyler Durden's picture

2009 Is Back, And So Is The "Risk-Free" Contango Trade





As the following snapshot from January 2009 shows, the 12 month, $25 contango back then was without precedent, and as a result there was an epic scramble by hedge funds, banks and various other speculators to store about 100 million barrels on tankers with the intention to sell later. Since the contango was so wide one could easily lease any number of VLCCs and still be profitable on the trade. In fact, a big reason for the renormalization of the crude curve back then was because so many funds jumped on this arb. Fast forward to today, because the "risk-free" contango trade is back.

 
Tyler Durden's picture

US Government Admits $2.4 Billion Food-Stamps "Mis-Spent"





According to the most recent report from the US Department of Agriculture's Office of Inspector General, government "mis-spent" $2.4 billion on food stamps. While $2.4bn may feel like small amount in the present day of trillion-dollar debts, as The Daily Signal's Alexandra Gourdikan notes, the fact itself should raise concerns adding that the food stamps program is in need of reform. First and foremost, policymakers should focus on promoting work. Americans are willing to help those in need, but they also believe that people must do what they can for themselves.

 
Tyler Durden's picture

How Every American Can Fight Terrorism With Just One Finger





Presented with no comment...

 
williambanzai7's picture

MuTTi CHRiSTMaS TO EU...





Dashing through the No!

 
Tyler Durden's picture

Could An Energy Bust Trigger QE4, Peter Schiff Asks





Despite the widely held belief that 2015 will be the year in which a patient Fed finally begins to normalize rate policy, we believe the Fed has no possibility of withdrawing the stimulus to which it has addicted us. QE4 was always much more probable than anyone in government or on Wall Street cares to admit. A recession and a financial panic caused by sub $60 oil will significantly quicken the timetable by which the Fed cranks up the presses. When it does, oil could once again increase in price, along with all the other things we need on a daily basis. That should finally dispel any remaining illusions that the Fed could successfully land the metaphorical plane. More QE may minimize the damage in the short-term, but we believe it will keep us trapped in our current cocoon of endless stimulus, where we will slowly suffocate to death.

 
Tyler Durden's picture

Pepe Escobar On Blowback After Blowback For The "Empire Of Chaos"





At present, the choice between the two available models on the planet seems stark indeed: Eurasian integration or a spreading empire of chaos. China and Russia know what they want, and so, it seems, does Washington.  The question is: What will the other moving parts of Eurasia choose to do? All these interlocked developments suggest a geopolitical tectonic shift in Eurasia that the American media simply hasn’t begun to grasp. Which doesn’t mean that no one notices anything.  You can smell the incipient panic in the air in the Washington establishment. So long to the unipolar moment... 2015 is "going to be a real hardcore year."

 
Tyler Durden's picture

First Oil, Now Earnings Revisions Scream Recession





Two short weeks ago we warned of the looming 'profit recession' in the US on the heels of significant downward revisions from the Energy sector due to sustained low prices. While we assuredly will not do the 'told-you-so-dance' quite yet, perhaps all the professional hockey-stick extrapolators and 'smart money' should look away from the following three charts...

 
Tyler Durden's picture

"Peak" American Dream?





More than 80% of Chinese believe today's youth will have a better life than their parents...

More than 80% of Americans do not believe today's youth will have a better life than their parents...

 
Tim Knight from Slope of Hope's picture

Khristmas Krap





It's hard for me to imagine a more appropriate way to celebrate the birth of the redeemer of our sins and the lamb of God than the shameless purchase of a bunch of useless crap that no one needs.

 
Tyler Durden's picture

Broken Energy Markets And The Downside Of Hubbert’s Peak





A form of society could undoubtedly exist powered by nuclear, wind and shale gas. But it would be a society supported by the state with far larger numbers working in the energy industries than now, producing lower surpluses, the energy production part perhaps running at a perennial loss. Those losses have to be covered by either higher price or via the taxation system. Either way, the brave new world that awaits us will be characterized as the time of less that will be in stark contrast to the time of plenty many of us enjoyed during the 20th Century.

 
Tyler Durden's picture

Exposing The Deception: How The US Economy "Grew" By $140 Billion As Americans Became Poorer





Confused how the US economy just "grew" by 5%? The following analysis explains it all...

 
Tyler Durden's picture

20 Stunning Facts About Energy Jobs In The US





For all those who think the upcoming carnage to the shale industry will be "contained" we refer to the following research report from the Manhattan Institute for Policy Research. For the impatient ones, here is the punchline: "The $300–$400 billion overall annual economic gain from the oil & gas boom has been greater than the average annual GDP growth of $200–$300 billion in recent years—in other words, the economy would have continued in recession if it were not for the unplanned expansion of the oil & gas sector."

 
Tyler Durden's picture

Saxo Bank CIO:"Writing Off Russia Would Be Unwise"





Russia’s years of neglecting to invest and reform pointed to an inevitable crisis. In 2014, that crisis came on two fronts, first in the confrontation over Ukraine from early this year and the resulting sanctions, and then followed by the incredible collapse in oil prices over the last few months. Russia and its citizens have been here before and know the drill. Everything looks terrible at the moment, but as the old saying goes, times of crisis are also times of maximum opportunity to chart a new course. So the positive spin from all of this is that we could see a new start from Russia in 2015. Writing off Russia would be unwise.
 
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