goldman sachs
Bernie Sanders: We Need A "Full And Independent Audit" Of The Federal Reserve
Submitted by Tyler Durden on 12/24/2015 16:20 -0500"Unfortunately, an institution that was created to serve all Americans has been hijacked by the very bankers it regulates.” 2016 Democratic presidential candidate and Senator from Vermont Bernie Sanders said in an op-ed on Wednesday that a full independent audit of the Federal Reserve is necessary “to reign in Wall Street."
Someone Bets Big On $15 Crude As OPEC Forecasts Oil Demand Slumping Until 2020
Submitted by Tyler Durden on 12/23/2015 08:04 -0500Investors have bought increasing volumes of put options that will pay out if the price of WTI drops to $20 to $30 a barrel next year. The largest open interest across options contracts - both bullish and bearish - for December 2016 is for puts at $30 a barrel. The open interest for June 2016 put options at $25 a barrel has nearly doubled over the last week. Investors have even bought put options that will pay if WTI drops below $15 a barrel by December next year. The volume of financial bets at that level is tiny - 640,000 barrels in total.
Slammed By Redemption Requests, These Hedge Funds Raise "Gates" To Avoid Firesale Liquidations
Submitted by Tyler Durden on 12/22/2015 14:47 -0500Needless to say, these names are just the beginning: once the redemptions - and gating - genie is out of the bottle, there is no putting it back.
Grey Swans Rising - All 6 Of Goldman's Global Risk Indices Are Worsening
Submitted by Tyler Durden on 12/22/2015 09:07 -0500Despite every effort by The Fed to convince the world that everything is awesome, it's not. From China growth risks to concerns about tightening financial conditions, Goldman warns so-called 'grey swan' fears are rising with Brexit, Trumpe elected, widening terrorist threats, and increased protectionism the most impactful.
Futures Rise, Drop, Then Rise Again In Illiquid Session After China Promises More Stimulus
Submitted by Tyler Durden on 12/22/2015 06:55 -0500- Apple
- Australia
- Bond
- Carry Trade
- China
- Citigroup
- Copper
- Credit Suisse
- Crude
- Crude Oil
- Deutsche Bank
- Falcon
- FINRA
- fixed
- Ford
- France
- goldman sachs
- Goldman Sachs
- High Yield
- Hong Kong
- Housing Market
- Japan
- Monetary Policy
- national security
- Netherlands
- Newspaper
- Nikkei
- Personal Consumption
- Price Action
- Redstone
- Richmond Fed
- Unemployment
- Yuan
It has been a seesaw session with U.S. stock index futures following their dramatic buying burst in the last half hour of market trading yesterday by first rising, then falling, then rising again alongside European equities both driven almost tick for tick with even the smallest move in the carry trade of choice, the USDJPY, even as Asian shares trade near intraday highs after China’s leaders signaled they will take further steps to support growth.
Peak "Office Space"
Submitted by Tyler Durden on 12/20/2015 16:20 -0500With the unprecedented surge in unicorns and incessant faith in the ever-increasing productivity of a globalization-crushed American worker, it is perhaps a surprise that the "office space" provided to the intellectual capital-providing, wage-stagnating middle-American, has never been smaller...
Repo Experts Stumped: How Could Fed Hike Without Draining ANY Liquidity: "This Is A Market By Decree"
Submitted by Tyler Durden on 12/19/2015 12:04 -0500"The Fed didn't really drain any liquidity yesterday. They moved the IOER up to .50%, moved the RRP rate up to .25%, and the RRP volume came in at $105 billion, only $3 billion more than the day before. Where was the draining? But interest rates moved up anyway to reflect the tightening, without any fundamental change. Basically, the Fed decreed a rate tightening and the market moved rates higher.... I wonder how many economic interest rate models include "by decree" as a factor?"
5 Key Charts Show Rising Interest Rates Good For Gold Bullion
Submitted by GoldCore on 12/19/2015 11:57 -0500In the short term, increases in interest rates can be negative for gold. But, in the medium to long term rising interest rates are positive for gold as they were in the 1970s and the 2003 to 2006 period.
House Passes $1.15 Trillion Spending Bill: Here Is What's In It
Submitted by Tyler Durden on 12/18/2015 11:53 -0500Moments ago, the House of Representatives just passed the $1.15 trillion spending bill that includes a $680 billion package of tax-break extensions, in a 316 to 113 vote, and will now move to the Senate, where its passage is likewise assured and will be signed by the president over the next few days. For those wondering what are the main components of the spending bill, here is a quick summary.
Goldman Warns IG Credit Collapse Signals S&P 500 Notably Overvalued
Submitted by Tyler Durden on 12/15/2015 14:40 -0500The sell-off in credit over the past week has led many investors to ask what it means for equities. Credit spread widening usually has negative implications for equity but as Goldman notes, it is critical to estimate the degree to which the equity market has already priced the weakness to determine the potential risks to equity going forward. Interestingly, Goldman finds the weakness in high yield credit was foreshadowed by weakness in the equities of high yield companies (like for like), but the weakness in Investment Grade credit spreads relative to their corresponding equities represents a new divergence suggesting meaningful downside for S&P 500 investors.
"Nobody Could Have Possibly Seen This Coming"
Submitted by Tyler Durden on 12/14/2015 22:27 -0500- Bank of England
- Bank of New York
- Bear Stearns
- Bill Gross
- Bond
- Borrowing Costs
- Capital Markets
- Carl Icahn
- Deutsche Bank
- Federal Reserve
- Federal Reserve Bank
- Federal Reserve Bank of New York
- fixed
- goldman sachs
- Goldman Sachs
- Gundlach
- High Yield
- Housing Market
- Howard Marks
- Insurance Companies
- Meltdown
- Shadow Banking
- Volatility
- Wilbur Ross
Because when your year-end bonus depends on you not seeing it coming, you don't.
This Is How The Credit Crisis Spreads To Stocks
Submitted by Tyler Durden on 12/14/2015 21:50 -0500"Yeah but it's junk credit... who cares! I am invested in solid megacaps and even solider FANGs - what can go wrong?" Well, this...
Prominent Tennessee Senator Fails To Disclose Millions In Hedge Fund, Real Estate Investments
Submitted by Tyler Durden on 12/14/2015 17:30 -0500Tennessee Senator Bob Corker may have forgotten to disclose a few things. Like millions in hedge fund investments. And millions in real estate investments. And millions in "other" investments. He's "extremely disappointed" in someone, although it wasn't immediately clear if it was himself.
Fed-pocalypse Now?
Submitted by Tyler Durden on 12/14/2015 17:00 -0500Everybody can see Janet Yellen standing naked in that corner - more like a box canyon - and it’s not a pretty sight. But the mundane truth probably is that events have finally caught up with the structural distortions of a financial world running on illusion. To everything there is a season, turn, turn, turn, and economic winter is finally upon us. All the world ‘round, people borrowed too much to buy stuff and now they’re all borrowed out and stuffed up. Welcome to the successor to the global economy: the yard sale economy, with all the previously-bought stuff going back into circulation on its way to the dump.




