• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

China

China
Tyler Durden's picture

Election 2016: Alien Vs Predator





"To those who abandon the Republican Party in this hour of crisis, I say: Good riddance! Go now, and never come back. Your bad advice and dogmatic arrogance brought America from a lone pinnacle of greatness in 2001 to second-rate status in 2016, the fastest decline of a dominant power since Napoleon invaded Russia. Go pester the Democrats, and do as much damage to them as you did to us Republicans... There's a war on... three different wars, in fact. To remain neutral is moral cowardice; to choose the wrong side would be downright wicked."

 
Tyler Durden's picture

New KFC Restaurant Is Run Entirely By Robots





Colonel Sanders is raising a robot army to serve fried chicken at a restaurant near you. KFC’s first automated restaurant, called Original+, went live in Shanghai on April 25th, complete with an artificially intelligent robot manager named “Du Mi” who works at the front counter.

 
Tyler Durden's picture

US Army Shrinks To Smallest Since 1940 As Chinese Military Recruiting Accelerates





The Army’s latest headcount shows that nearly 2,600 soldiers departed active service in March without being replaced, an action that plunges manning to its lowest level since before World War II, according to ArmyTimes.com. This is occurring as The People's Liberation Army (incidentally the world's largest military force, with a strength of approximately 2,285,000 personnel, or 0.18% of China's population) has begun aggressively recruiting, and rattling its sabre increasingly loudly over US interference in the South China Sea island dispute and most recently in Hong Kong.

 
Tyler Durden's picture

Six Reasons Why Goldman Is Suddenly Warning About A "Large Drop" In The Market





After recent (and in some cases very dramatic) bearish conversions by the likes of JPM, BofA, Citi and UBS, the only bank that steadfastly held a bullish view on stocks during the recent market squeeze higher was Goldman Sachs. Not any more.

 
Tyler Durden's picture

Meet Donald Trump's Chinese Fan Club





"I think Donald Trump has the guts to say things that normal people in the rest of society fear to say," said China's Gu Yu. He says he is 100% supportive of Trump, and even though he can't cast a ballot, he says the Americans that can should trust Trump. Meanwhile, despite her vocal support for China, Hillary Clinton just can't seem to catch a break: ""If she can't manage her husband, how can she manage America?" And Sima Nan, a television pundit sometimes described as China's Bill O'Reilly, openly calls her a "crazy old woman."

 
Tyler Durden's picture

Why Are We So Bad At Solving Problems?





While our problems tend to evolve in exponential ways, our attempts at solving them move in linear fashion. That is true as much for the problems we ourselves create as it is for those that – seem to – 'simply happen'. "...we are going to evolve through crisis, not through proactive change..."

 
Tyler Durden's picture

Total US Debt Is Back To Its Great Depression Peak





The following chart from Citi shows the last century of US non-financial leverage in context. As of this moment, consolidated US non-fin debt/GDP is about 275%, or roughly where it was US when the great depression stuck. For those curious about the "tipping point" threshold levels, keep an eye on 300% - that's when the system collapsed last time leading to a devastated economy.

 
Tyler Durden's picture

China Warns US: "Don't Disturb" Hong Kong Social Order; Threatens "Bad Reaction"





"We also remind the United States that certain people on the U.S. side have always wanted to disturb Hong Kong, disturb its socio-economic development, disturb the normal order of its residents' lives, and even use the Hong Kong issue to interfere in China's internal affairs... This can only be futile. The only effect it will have is to cause Chinese people to go on alert and have a bad reaction."

 
Tyler Durden's picture

"Making The Chicken Run" To Escape The Looming Greater Depression





What we’re looking at is going to be much more serious than any past crisis, partly because America has already evaporated, like the morning haze on a hot summer's day. You're not in Kansas anymore. Kansas isn't in Kansas anymore.

 
Tyler Durden's picture

Satyajit Das Is "Astonished Investors Haven't Raised Pitchforks At Policy-Makers"





"They’re going to have to stop people from taking out cash... I would argue that it’s not going to be able to be dealt with, and it creates enormous social and political pressures… What we’re going to see is a period of financial repression, which is very, very dangerous... I honestly don’t know how it’s going to end. In the 1920s and 1930 when similar pressures built up, it didn’t actually have a very good ending."

 
Tyler Durden's picture

Even Bill Gross Misunderstands "Free-Market Capitalism"





We have deviated so far from free markets at this point that even the top financial minds no longer have any understanding of what is meant by capitalism. It must be true, for anyone who understands capitalism could never have published such a letter. The logic in Mr. Gross’s argument is beyond invalid, in fact, it is so ludicrous it borders on insane. We mean this quite literally...

 
Tyler Durden's picture

Iran Hits Saudis Where It Hurts, Offers Biggest Discount On Asian Crude Since 2007





Iran’s heavy crude, as Reuters points out, will now trade at a $0.30 discount to the Saudi Arab Medium, the widest gap since 2007. Refineries generally prefer light crude because it’s easier to process, but China’s teapots have made do with whatever crude comes their way, so they are very flexible in this respect, which is good news for Iran.

 
Tyler Durden's picture

China's Credit Growth Grinds To A Screeching Halt: Why This Is Very Important





The biggest concern for China, and the world, is that now that China's credit impulse is gone, it means that the it is only a matter of time before the impetus behind Chinese, and global growth, evaporates as per the timeline persented in the following Goldman chart, which explained the surge in Q1 economic activity, and which now anticipates a steep slowdown in the second and subsequent quarters unless China manages to stoke its unsustainable credit growth once again.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!