• Tim Knight from...
    10/06/2015 - 17:03
    As we head into another earnings season, the bulls better pray to whatever pagan gods they worship that company after company magically defy the downturn that the economy is quite obviously entering.

Tyler Durden's picture

Saudi Petrodollar Reserves Fall To 32 Month Low Amid Crude Carnage, Proxy Wars, Budget Bleed

The demise of the petrodollar continues unabated in the face of depressed crude, regional proxy wars, and a budget bleed, as the Saudis burn through the SAMA piggy bank in a desperate attempt to keep the ship afloat.

Tyler Durden's picture

Bulls Beware: Days After Calling For Bear Market, Gartman Declares The "Bearish Run In Global Stocks Is Over"

" we are this morning making the bold… indeed, for us, the very bold … statement that the bearish run in global stocks is over; that the bearish run to the downside in US shares is over and that we are henceforth to err bullishly of shares, diametrically opposed to the position we have had for the past several months wherein we erred steadily… almost relentlessly… bearishly.... we are now finishing the trifecta as we turn bullish of stocks."

Tyler Durden's picture

Welcome To The Future: Downward Mobility & Social Depression

The mainstream is finally waking up to the future of the American Dream: downward mobility for all but the top 10% of households. A recent Atlantic article fleshed out the zeitgeist with survey data that suggests the Great Middle Class/Nouveau Proletariat is also waking up to a future of downward mobility: The Downsizing of the American Dream: People used to believe they would someday move on up in the world. Now they’re more concerned with just holding on to what they have.

RANSquawk Video's picture

RANSQUAWK WEEK AHEAD - 5th October: BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the minutes from their September meeting, while Alcoa unofficially kick off earning season on Wall St.


· BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the minutes from their September meeting

· Alcoa unofficially kick off earning season on Wall St., with analysts forecasting the first Y/Y EPS decline since 2009

Tyler Durden's picture

Tanker Rates Soar As China Hoards Saudi's "Cheap" Oil Amid Biggest Price Cut Since 2012

The oil patch is full of conundra currently... crude price declines globally to near 2009 lows but supertanker day-rates (demand) soaring over $100,000 for the first time since 2008. However, today's news that Saudi Arabia is slashing its price (to a $3.20 discount to the bechmark with the largest price cut since 2012) suggests in an effort to shore up tumbling reserves and capture more market share amid dwindling demand (and excess supply) - a price war has begun led by US ally Saudi Arabia... and China is hording crude at these low-low prices.

Tyler Durden's picture

Frontrunning: October 5

  • MOAR: Euro-Area Growth Seen Slowing in Sign More Stimulus May Be Ahead (BBG)
  • MOAR: Japan's wage growth slows in August, keeping pressure on BOJ for more stimulus (Reuters)
  • MOAR: Stocks, Copper, Emerging Markets Jump as Fed Delay on Rates Seen (BBG)
  • And yet... Central Banks Lose Bond-Market Credibility as Woes Mount (BBG)
  • World Bank cuts Asia growth forecast on China and US rates (BBC)
GoldCore's picture

BIS Warns of ‘Major Faultlines’ In Global Debt Bubble

BIS Warns of ‘Major Faultlines' In Global Debt Bubble - "Unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills"

Tyler Durden's picture

Global Stocks, Futures Jump On Barrage Of Bad Economic News; Glencore Surges, Volkswagen Slumps

Following Friday's disastrous payrolls report, which confirmed all the pre-recessionary economic data and signaled that instead of approaching "lift-off" and decoupling from the rest of the world, the US economy is following the emerging markets into a slowdown in what may be the first global, synchronized recession since 2008, the market saw its biggest intraday surge since 2011 and the sharpest short covering squeeze in history, we are happy to announce that the "market" is now solidly back in "bad news is good news" mode.

Tyler Durden's picture

Draghi Dud: Investor Confidence Collapses As PMIs Plunge Across EU

When "whatever it takes" is not enough... Despite Draghi's promises and EU leaders' exuberance, European Investor Confidence tumbled to its lowest since January as the Q€ bounce has now well and truly died. While volatility has picked up over the last month and reassuring tones have been uttered by every central banker in the world, it is the real economy that appears to be weighing on confidence as Eurozone Composite PMI prints at 53.6 - its lowest since February.

Tyler Durden's picture

Lawrence Wilkerson: "The American 'Empire' Is In Deep, Deep Trouble"

Former US army colonel and Chief of Staff for Colin Powell, Lawrence Wilkerson unleashed a most prescient speech on the demise of the United States Empire. Wilkerson describes the path of empires in decline, shows how the US is following the classic trajectory, and needs to make a transition to being one of many powers and focus more on strategies of international cooperation... "History tells us we’re probably finished... The rest of of the world is awakening to the fact that the United States is 1) strategically inept and 2) not the power it used to be. And that the trend is to increase that."

Tyler Durden's picture

The American 'Recovery' In 1 Chart

If this is the 'recovery' just what will the next recession look like?

Tyler Durden's picture

Gundlach Explains Why The Market Hasn't Crashed Yet: "People Are Holding And Hoping"

 "The reason the markets aren't going lower is people are holding and hoping." Incidentally, there is a reason why hope is not a strategy: in the end, it always fails.

Tyler Durden's picture

Emerging Market Meltdown May Plunge Global Economy Into Recession

"The impotence of monetary policy in boosting growth and staving off deflationary pressures has become painfully apparent, especially when it is acting in isolation and when a large number of countries are resorting to the same limited playbook."

Tyler Durden's picture

And Scene: Ben Bernanke Says More People Should Have Gone To Jail For Causing The Great Recession

Q. Should somebody have gone to jail.

Bernanke: Yeah, yeah I think so. It would have been my preference to have more investigation of individual actions as obviously everything that went wrong, or was illegal, was done by some individial not by an abstract firm.

Tyler Durden's picture

Saudis Mull Launch Of Regional War As Russia Pounds Targets In Syria For Fourth Day

"The Russian intervention is a massive setback for those states backing the opposition, particularly within the region – Qatar, Saudi Arabia and Turkey – and is likely to elicit a strong response in terms of a counter-escalation."

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