• Bruce Krasting
    12/18/2014 - 21:42
      The one thing that Jordan can't do in this war is appear to be weak.
  • Capitalist Exploits
    12/18/2014 - 19:25
    The oil price drop is a big problem - not just for Russia, or for the other over-levered emerging market currencies that stand to be traumatized by a rising dollar, but ultimately even for the US...

Credit Suisse

GoldCore's picture

Swiss Yes Vote Possible - First “Gold Rush” Of 21st Century?





In the case of a "yes" vote, gold prices are likely to surge. Analysts do not believe a yes vote is possible. However, analysts have got the mood of the people wrong in many referendums both in Switzerland and throughout Europe in recent years.

 
Tyler Durden's picture

Frontrunning: November 24





  • Grand jury expected to resume Ferguson police shooting deliberations (Reuters)
  • PBOC Bounce Seen Short Lived as History Defies Bulls (BBG)
  • Home prices dropped in September for the first time since January (HousingWire)
  • UPS Teaches Holiday Recruits to Fend Off Dogs, Dodge NYC Taxis (BBG)
  • US oil imports from Opec at 30-year low (FT)
  • Hedge Funds Bet on Coal-Mining Failures (WSJ)
  • Putin Woos Pakistan as Cold War Friend India Buys U.S. Arms (BBG)
  • How the EU Plans to Turn $26 Billion Into $390 Billion (BBG)
  • The $31 Billion Bet Against Brazil’s New Finance Minister (BBG)
 
Gold Standard Institute's picture

Swiss Gold Initiative: Good Idea with Unintended Consequences





There's an interesting initiative on the Swiss ballot, which imposes a barrier to currency debasement. It's a heroic measure, but there's a flaw.

 
Tyler Durden's picture

Frontrunning: November 20





  • Banks Had Unfair Advantage From Commodity Units (Bloomberg)
  • Report Notes Deals Between Goldman, Deutsche and Others Drove Up Aluminum Prices (WSJ)
  • Goldman, Morgan Stanley Commodity Heyday Gone as Units Faulted (BBG) - because when you can no longer manipulate, you move on...
  • Lenders Shift to Help Struggling Student Borrowers (WSJ)
  • Immigrants face major hurdles in signing up to new Obama plan (Reuters)
  • Distressed Debt in China? Ain’t Seen Nothing Yet, Buyers Say (BBG)
  • Banking culture breeds dishonesty, scientific study finds (Reuters)
  • Amazon Robots Get Ready for Christmas (WSJ)
 
Tyler Durden's picture

Bank Of Japan Warns Abe Over "Fiscal Responsibility" While Monetizing All Its Debt





If one were to look up the definition of hypocrisy, the image of BoJ head Kuroda should be front-and-center. Having tripled-down on his money-printing and ETF-buying largesse just last week, he came out swinging last night at the government's fiscal irresponsibility blasting Abe's policies by saying Japan's fiscal health "is the responsibility of parliament and the government, not an issue for the central bank to be held responsible for." Aside from the fact that he is directly monetizing all JGB issuance - thus enabling Abe's arrogant fiscal stimulus plan (by issuing 30Y and 40Y debt), Bloomberg notes that "Kuroda is making it crystal clear the government has to tackle the debt problem and if fiscal trust is lost that’s not going to be on the BOJ." The world has truly gone mad.

 
Tyler Durden's picture

Frontrunning: November 19





  • Yellen Inherits Greenspan’s Conundrum as Long Rates Sink (BBG)
  • West African Mining Projects Take Hit From Ebola Crisis (WSJ)
  • Saudi oil policy uncertainty unleashes the conspiracy theorists (Reuters)
  • Senate Rejection of Keystone XL Measure Sets Up 2015 Showdown (BBG)
  • Ferguson, Missouri, remains on edge ahead of grand jury report (Reuters)
  • Putin Said to Stun Advisers by Backing Corruption Crackdown (BBG)
  • Italian ‘Invasion’ Has Swiss Fuming as Immigration Vote Looms (BBG)
  • Apple and Others Encrypt Phones, Fueling Government Standoff (WSJ)
 
Tyler Durden's picture

Frontrunning: November 18





  • Japan Prime Minister Shinzo Abe Calls Snap Election (WSJ) - as repeatedly priced in...
  • Flash Boys Raising Volatility in Wild New Treasury Market (BBG)
  • Not Greece again: Greek Bailout Review Stalls as Troika Demands Final Steps (BBG)
  • Iran uses China bank to transfer funds to Quds-linked companies (Reuters)
  • Porn Mags With Free Madrid Theater Tickets in Tax Protest (BBG)
  • Hong Kong, China stocks ease on profit-taking after stock connect launch (Reuters) - Hang Seng down 500 points in past 2 days
  • Halliburton Mega-Deal Sealed by CEOs Over Coke and Coffee (BBG)
  • Wall Street to Reap $316 Million From Day of Mega Deals (BBG)
  • Mass murderer Charles Manson gets marriage license, state says (Reuters)
 
Tyler Durden's picture

Anti-HFT Revulsion Grows: IEX Ties For Fourth In Dark Pool Trading Thanks To World's Largest Wealth Fund





While Wall Street is certainly free to broken record that Michael Lewis' hugely popular story about HFT and market rigging did not impact the natural course of events, the reality is it did: the collapse in Barclays' dark pool LX (shown in the bolded red line on the chart below), in the aftermath of the NY AG case against the British bank, has been documented in the past, and is just one example. An even more vivid case study comes from the surge in popularity of upstart dark pool IEX (green dotted line below), the protagonist of Lewis' Flash Boys book, and which out of nowhere, has just tied with Lavaflow's dark pool for fourth spot in ATS trading with just over 200 million shares in the week ended October 27. The catalyst? Norway's sovereign wealth fund just said not to HFT parasites.

 
Tyler Durden's picture

Frontrunning: November 17





  • Scuttled deals worth $580 billion put hedge funds on back foot (Reuters)
  • Mounting Pressure on OPEC Spurs More Wagers on Oil Rally (BBG)
  • It's not just US real estate: Chinese Students at U.S. Universities Jump 75% in Three Years (BBG)
  • Frankfurt Open for Yuan Clearing as Liquidity Rises (BBG)
  • Obama defends healthcare law after adviser criticism (Reuters)
  • Michael Hasenstab Bets Big in Controversial Places (WSJ)
  • Facebook seeks foothold in your office (FT)
  • Russia Seen as Greatest Threat in Poll as Oil Erodes Putin Power (BBG)
  • Falling Oil Prices Test OPEC Unity (WSJ)
 
Tyler Durden's picture

Frontrunning: November 14





  • "The hate us for our..." Americans’ Cellphones Targeted in Secret U.S. Spy Program (WSJ)
  • Ukraine and Russia take center stage as leaders gather for G20 (Reuters)
  • Moscow and Kiev trade accusations; U.S. warns Russia against escalation (Reuters)
  • Heartland Central Banker Calls Asset Bubbles Top Concern (BBG)
  • U.S. Said to Give Banks December Deadline in FX Probe (BBG)
  • Series of Failures Enabled White House Breach, Report Finds (WSJ)
  • Yen plumbs seven-year trough on likely Japan sales tax delay (Reuters)
  • JPMorgan Chase Bankers Said to Lead Moscow Departure (BBG)
 
Tyler Durden's picture

"Most Important Chart For Investors" Updated: Edwards Sees USDJPY 145 Next And "A Tidal Wave Of Deflation Westward"





What happens next? Here, straight from the horse's mouth that got the first part of the rapid Yen devaluation so right, is the answer. As Edwards updates with a note from this morning, "the yen is set to follow the US dollar DXY trade-weighted index by crashing through multi-decade resistance - around ¥120. It seems entirely plausible to me that once we break ¥120, we could see a very quick ¥25 move to ¥145, forcing commensurate devaluations across the whole Asian region and sending a tidal wave of deflation westwards."

 
Tyler Durden's picture

Frontrunning: November 13





  • Moar central banks! Asian Stocks Rise Amid Stimulus Speculation; Topix Jumps (BBG)
  • Syria rebels in south emerge as West's last hope as moderates crushed elsewhere (Reuters)
  • Bufett's Berkshire to Buy Duracell Business From Procter & Gamble in $3B Deal (AP)
  • Weak Demand, Real-Estate Slump Signal Headwinds for China (WSJ)
  • China Slowdown Deepens as Leaders Said to Mull Cutting Target (BBG)
  • Saudis Reject Talk of OPEC Market Share War as Oil Slides (BBG)
  • Oil Tankers Stream Toward China as Price Drop Sparks Boom (BBG)
 
Tyler Durden's picture

Frontrunning: November 12





  • Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
  • Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
  • Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
  • Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
  • Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
  • Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
  • Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
  • Some unhappy Yahoo investors asking AOL for rescue (Reuters)
 
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