Merrill

Merrill
Tyler Durden's picture

Frontrunning: May 27





  • Vietnam, China trade accusations after Vietnamese fishing boat sinks (Reuters)
  • SEC Set to Spur Exchange Trading (WSJ)
  • Bank of Japan quietly eyes stimulus exit (Reuters)
  • Japan Risks Low Growth Even as Easing Spurs Inflation (BBG)
  • Hello Japan: Bond Market Message to Fed: Your 4% Rate Outlook Is Too High (BBG)
  • Malaysia, UK firm release satellite data on missing MH370 flight (Reuters)
  • Fighting rages in eastern Ukraine city, dozens dead (Reuters)
  • Bad Credit No Problem as Balance-Sheet Bombs Rally 94%  (BBG)
  • Draghi’s Asset-Backed Drive Rouses Academic Skeptics (BBG)
  • For-Profit Colleges Face Test From State, Federal Officials (WSJ)
 
Tyler Durden's picture

The (Other) Truth About The Financial Crisis: 10 "Geithner-Sized" Myths Exposed





After the crisis, many expected that the blameworthy would be punished or at the least be required to return their ill-gotten gains—but they weren’t, and they didn’t. Many thought that those who were injured would be made whole, but most weren’t. And many hoped that there would be a restoration of the financial safety rules to ensure that industry leaders could no longer gamble the equity of their firms to the point of ruin. This didn’t happen, but it’s not too late. It is useful, then, to identify the persistent myths about the causes of the financial crisis and the resulting Dodd-Frank reform legislation and related implementation...."Plenty of people saw it coming, and said so. The problem wasn’t seeing, it was listening."

 
Tyler Durden's picture

Frontrunning: May 22





  • McDonald’s Workers Arrested at Protest Near Headquarters (BBG)
  • U.S. Sends Troops to Chad to Hunt for Abducted Nigeria Girls (BBG)
  • BofA Scrapping Market-Making Unit Amid Trading Scrutiny (BBG)
  • Biggest attack in years kills 31 in China's troubled Xinjiang (Reuters)
  • Intense Fighting Flares in Eastern Ukraine (WSJ)
  • Fed Officials Tussle Over Labor Market Slack (Hilsenrath)
  • Ikea Economics Lure Central Bankers Seeking New Tools (BBG)
  • When Putin ordered up new hospitals, his associates botched the operation (Reuters)
  • Norway’s $33 Billion Man Steps Up Search in Asia Real Estate Bet (BBG)
 
Tyler Durden's picture

Credit Mania Update – The Chase for CCC-Rated Bonds





Despite the plethora of talking heads proclaiming credit markets as awesomely supportive of stocks - High-Yield bond spreads are flashing red... But that's not stopping investors piling into the worst of the worst. As Liberty Blitzkrieg's Mike Krieger notes, in an all too reminiscent scene from 2007 (MBIA CDS traded 11bps at one point then remember), investors have been buying up bonds with a triple-C-rating en masse.

 
Tyler Durden's picture

Frontrunning: May 20





  • "May?" New Cold War May Emerge in Ukraine Crisis, Medvedev Says (BBG)
  • Wristslaps will be fast and furious: EU Commission charges HSBC, JPMorgan, Credit Agricole with rigging (Reuters)
  • Credit Suisse Rises as U.S. Guilty Plea Ends 3-Year Probe (BBG)
  • After Martial Law Declaration, Thailand Waits for General's Next Move (WSJ)
  • China property slowdown spells trouble for Asia bonds (FT)
  • Russia Close to $400 Billion Gas Pipeline Deal in Pivot to China (BBG)
  • Dimon-by-the-Sea Shows London Banking’s Engine of Growth (BBG)
  • Modi Faces Greece-Sized Snag to Economic Revival (FT)
  • U.K. Inflation Accelerates on Airfare Surge (BBG)
 
Tyler Durden's picture

Frontrunning: May 19





  • Qatar Bank: Deutsche Bank to raise $11 bln with help from Qatar (Reuters)
  • AstraZeneca rejects Pfizer's take-it-or-leave-it offer (Reuters)
  • China Home-Price Growth Slowdown Spreads as Sellers Discount (BBG)
  • The new face of NSA: Mike Rogers (Reuters)
  • Putin orders troops near Ukraine to return home (AP)
  • Wall of Worry Rebuilt as Nasdaq Rout Sends Cash to High (Nasdaq)
  • Bank of England's Mark Carney highlights housing market's risk to UK economy (Guardian)
  • Greek Selloff Shows Rush for Exit Recalling Crisis (BBG)
  • Anti-austerity Greek radicals ahead in Athens local election (AFP)
 
Tyler Durden's picture

Frontrunning: May 16





  • Bank of England sees 'no housing bubble' (Independent)
  • ‘If the euro falls, Europe falls’ (FT)
  • India's pro-business Modi storms to historic election win (Reuters)
  • Global Growth Worries Climb (WSJ)
  • Bitcoin Foundation hit by resignations over new director (Reuters)
  • Blackstone Goes All In After the Flop (WSJ)
  • SAC's Steinberg loses bid for insider trading acquittal (Reuters)
  • Beats Satan: Republicans Paint Reid as Bogeyman in 2014 Senate Races (BBG)
  • Tech Firms, Small Startups Object to Paying for Internet 'Fast Lanes' (WSJ) - but they just provide liquidity
  • U.S. Warns Russia of Sanctions as Ukraine Troops Advance (BBG)
  • Major U.S. hedge funds sold 'momentum' Internet names in first-quarter (Reuters)
 
Tyler Durden's picture

Frontrunning: May 15





  • More than 20 dead, doctor says, as anti-China riots spread in Vietnam (Reuters)
  • Russia's Gazprom plans Singapore stock exchange listing (Reuters)
  • Inside Europe’s Plan Z (FT)
  • Ukraine slides deeper toward war as Russia warns to vote (BBG)
  • Fast-Food Protests Spread Overseas (NYT)
  • BOJ Beat, Officials Could Upgrade Outlook for Capex (WSJ)
  • Euro-Zone Economy Shows Weaker-Than -Expected Expansion (WSJ)
  • Yahoo to YouTube Ads Spreading Viruses Rile Lawmakers (BBG)
  • New York Times Ousts Jill Abramson as Executive Editor, Names Dean Baquet (BBG)
  • NYT Publisher Said to Always Have Clashed With Abramson (BBG)
  • Google gets take-down requests after European court ruling - source (Reuters)
 
Tyler Durden's picture

Ukraine Just Issued $1 Billion Bonds Backed By The US Taxpayer





The bailout floodgates are open and the US taxpayer is footing the bill once again - whether through IMF loans or more directly. Today saw Ukraine issue $1 Billion 5-Year Notes at a stunningly low risk of only 28bps above US Treasuries and dramatically cheaper than the cost of capital in the public markets (and from the IMF) which yield over 10%. The reason for the 1) low cost, and 2) actual ability to raise debt... the bond is guaranteed by the US Agency for International Development and "assures full repayment of principal and interest" based on the full faith and credit of the US (Taxpayer). We assume Gazprom will be happy...

 
Tyler Durden's picture

Frontrunning: May 14





  • Vietnam mobs set fire to foreign factories in anti-China riots (Reuters)
  • Recession-Baby Millennials Scarred by U.S. Downturn Spurn Stocks (BBG)
  • U.S. Agents Start Hunting for Sanctioned Russians’ ‘Shiny Toys’ (BBG)
  • Russia moves to oust US from International Space Station (FT)
  • China Central Bank Calls for Faster Home Lending in Slump (BBG)
  • Geithner Must Give S&P Documents in U.S. Fraud Suit (BBG)
  • Samsung's 'crown prince' in focus as father hospitalized (Reuters)
  • Yahoo buys mobile 'self-destruct' messaging app Blink only to shut it down (Reuters)
  • Goldman’s Twitter banker joins hedge fund (FT)
  • Keyword being "unexpectedly": Sony Unexpectedly Forecasts Loss Amid PC Restructuring Costs (BBG)
 
Tyler Durden's picture

Frontrunning: May 12





  • Hillary and Me: The 2008 campaign was a nightmare. Will 2016 be as bad?  (Politico)
  • What Timothy Geithner Really Thinks (NYT)
  • Rebels declare victory in east Ukraine self-rule vote (Reuters)
  • Race for AIG's Top Job Has Two Favorites (WSJ)
  • America on the Move Becomes Stay-at-Home Nation for Millennials (BBG)
  • Old, Fired at IBM: Trendsetter Offers Workers Arbitration (BBG)
  • Bad luck Jonathan: Pressure Mounts on Nigerian President (WSJ)
  • Iran leader slams West's 'stupid' missile stance before talks (Reuters)
  • Conchita Wurst of Austria Wins Eurovision Song Contest (WSJ)
  • Greek Finance Ministry expects Q1 GDP contraction of less than 1.5 pct (Kathimerini)
 
Tyler Durden's picture

Frontrunning: May 9





  • Omnicom, Publicis call off proposed $35 billion merger (Reuters)
  • Apple in talks for $3.2bn Beats deal (FT)
  • Alibaba IPO Grew Out of ’80s Chaos and Guy From Goldman (BBG)
  • Nigeria's president at WEF pledges to free kidnapped girls (Reuters)
  • JPMorgan Joins Wells Fargo in Rolling Out Jumbo Offerings (BBG)
  • It's 1999 all over again: Young Bankers Fed Up With 90-Hour Weeks Move to Startups (BBG)
  • ECB stimulus talk knocks euro, peripheral yields (Reuters)
  • Deutsche Bank Currency Crown Lost to Citigroup on Volatility (BBG)
  • London Taxis Plan 10,000-Car Protest Against Uber App Use (BBG)
  • Pfizer Holders Could Face Tax Hit in a Deal for AstraZeneca (WSJ)
 
Tyler Durden's picture

Frontrunning: May 8





  • China’s Trade Unexpectedly Rises (BBG)
  • 'We're already not in Ukraine' - rebel east readies secession vote (Reuters)
  • Pro-Russian Separatists in Ukraine Reject Putin's Call to Delay Vote (WSJ)
  • Vietnam’s Stocks Post Biggest Loss in Decade on China Tensions (BBG)
  • Hedge Funds Extend Their Slide (WSJ)
  • Carney Looks to Untested Tools as House Prices Boom (BBG)
  • New Draghi Era Seen on Hold at ECB as Euro Area Recovers (BBG)
  • Woman With Printer Shows the Digital Ease of Bogus Cash (BBG)
  • Regulators See Growing Financial Risks Outside Traditional Banks (WSJ)
 
Tyler Durden's picture

Frontrunning: May 7





  • Alibaba files for what may be biggest tech IPO (Reuters)
  • Early Tap of 401(k) Replaces Homes as American Piggy Bank (BBG)
  • Developers Turn Former Office Buildings Into High-End Apartments (WSJ)
  • Thai court orders Yingluck Shinawatra to step down as PM (Guardian)
  • German industry orders fell 2.8% in March, the biggest drop in one and a half years (RTE)
  • Ukraine Bulls Scatter as Death Toll Mounts (BBG)
  • China Property Slump Adds Danger to Local Finances (BBG)
  • Stein Says Fed May See Bouts of Volatility as It Approaches Exit (BBG)
 
Tyler Durden's picture

Frontrunning: May 6





  • Both sides bury dead as Ukraine slides towards war (Reuters)
  • Dollar wilts to 6 1/2-month low; shares drift (Reuters)
  • Draghi Grapples With Money Markets Signaling Recovery Too Early (BBG)
  • Foreign wristslaps: Credit Suisse Nears Record Tax Plea: Credit Suisse Settlement Expected to Exceed $1 Billion (WSJ)
  • OECD joins IMF in cutting global growth forecast, demanding moar QE from ECB  (WSJ)
  • Three Bankers Bolster Blankfein as Goldman Trading Sinks (BBG)
  • Strong performance from eurozone services sector (FT)
  • OECD Cuts Forecast for 2014 Global Growth; Urges ECB Action (WSJ)
  • Elite Colleges Don't Buy Happiness for Graduates (WSJ)
  • How Russia Inc. Moves Billions Offshore -- and a Handful of Tax Havens May Hold Key to Sanctions (BBG)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!