Tyler Durden's picture

"Central Banks Are Out Of Dry Powder" Stockman Warns "Another Financial Crisis Is Unavoidable"

"This is the final spasm of a dying bull market that has been entirely fueled by central bank money printing. But if you look at the underlying trends both in the domestic and in the global economy and the outlook for earnings, everything that matters is heading south and the real global recessionary forces are just getting started."

Tyler Durden's picture

Swiss Bank "Goes There", Applies Negative Rates To Retail Deposits

"We have determined that applying a negative rate was a more transparent and fairer solution for our clientele. This decision on negative rates is costing us a lot of money -- pretty much the equivalent of our entire annual profit last year."

Tyler Durden's picture

The US Has 'Boundary' Problems

A reasonable argument can be made that the temperament of the USA is worse than that of Germany in 1932. We’re more foolish, feckless, and savage, our politics more ridiculous, and the wave we’re riding is much more dangerous.

Tyler Durden's picture

Who Should Pay For The Syrian Refugees?

The American people have been forced to pay untold millions for a ten-year CIA and Pentagon program to undermine and overthrow the Syrian government, and now we are supposed to pay millions more to provide welfare for the refugees Obama created. If Obama wants to take in refugees from the chaos in Syria, there are probably plenty of vacant rooms in the White House.

Tyler Durden's picture

Valeant Dead-Cat-Bounce Dies As Stock Plunges 10% Off Morning Highs

From an intraday high of $97.64, Valeant shares are down 10% this morning as the last few days' short squeeze and hope-fueled stability in the hedge fund hotel has given way to more 'first mover advantage' across the levered trading community. As we noted here, this is what hedge fund panic looks like.

Tyler Durden's picture

"How Is This Possible" Deutsche Bank Asks, Looking At The Canary In The Junk Bond Mine

"The hardest questions we are trying to reconcile here are how is that possible to see all these signs of weakness under the surface being balanced by very strong equity markets and upbeat employment picture. One of these sides has to be wrong..."

Tyler Durden's picture

Argentina Throws Out The Peronists In "Historic" Presidential Election

"Today is a historic day. It’s the changing of an era. We can live in an Argentina without poverty, where we can all aspire to have our own homes with running water and a sewage system." 

"The question is whether this is going to be something like the rebirth of Argentina or another failed dream that people get excited about, but then they can’t overcome the challenges.”

Tyler Durden's picture

El-Erian Says "The Market Believes Central Banks Are Our Best Friends Forever", Just Don't Show It "Figure 4"

Liquidity in the junk (and all other markets) is evaporating, and according to Citi the spread between an illiquid and liquid junk bond portfolio just hit 100 bps, the most in the history of the series. Meanwhile according to Mohamed El-Erian "The market is comfortable that whenever we hit a hiccup, the Fed is going to come back in," he said. "It's very deeply embedded that central banks are our best friends forever."

Tyler Durden's picture

What Hedge Fund Panic Looks Like

"From July through October, hedge fund favorite stocks posted their worst relative returns outside of 2008."

Tyler Durden's picture

No Joke! The Onion Predicted All Of This Back In 2003

“George W. Bush may think that a war against Iraq is the solution to our problems, but the reality is, it will only serve to create far more,” read a 2003 article on The Onion a week after then-President George Bush launched the Iraq War. While a wide variety of organizations and individuals also rebuked that invasion, the satirical newspaper offered one of the most accurate assessments to date. So accurate, in fact, it all but predicted the rise of the Islamic State.

George Washington's picture

5 Myths Regarding the Paris Terror Attacks

Instead of Listening to Idiots Talking Their Book ... Let's Fact-Check the Myths

Tyler Durden's picture

The Most Important Question About ISIS That Nobody Is Asking

We wonder how long until someone finally asks the all important question regarding the Islamic State: who is the commodity trader breaching every known law of funding terrorism when buying ISIS crude, almost certainly with the tacit approval by various "western alliance" governments, and why is it that these governments have allowed said middleman to continue funding ISIS for as long as it has?

Tyler Durden's picture

The Beginning Of The End For The Affordable Care Act? Largest US Health Insurer May Exit ObamaCare

Today we got confirmation that the spinning plates of the Affordable Care Act are finally falling down, when none other than the U.S.’s biggest health insurer, UnitedHealth, cut its 2015 earnings forecast with a warning that it was considering pulling out of Obamacare, just one month after saying it would expand its presence in the program. 

Tyler Durden's picture

Permabulls Whistling Past The Grave

The Fed was out in force yesterday peddling some pretty heavy-duty malarkey about the up-coming rate liftoff at the December meeting..."If we begin to raise interest rates, that’s a good thing." That’s not a bad thing." Goldman is putting out the final mullet call for this Bubble Cycle because it knows that this bull is dying; that insiders still have massive amounts of stock winnings to unload; and that the clock is fast running out. The expiring clock is evident in the S&P 500’s one-year round trip to nowhere. Despite the fact that the Fed has ponied-up a stick save at every single meeting this year, the market’s 27 separate efforts to rally have all failed for the simple reason that the jig is up.

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