Chrysler

Tyler Durden's picture

Frontrunning: July 23





  • Here come the gates which we predicted in 2010: SEC Is Set to Approve Money-Fund Rules (WSJ)
  • Dick's cuts 400 jobs as golf now less popular (MW)
  • Kerry arrives in Israel, pushes for peace (Reuters)
  • Pay Penalty Haunts Recession Grads as U.S. Economy Mends (BBG)
  • Appeals Courts Issue Conflicting Rulings on Health-Law Subsidies (WSJ)
  • Rebel Stronghold Donetsk Holds Breath as Shellfire Mounts (BBG)
  • Business executive wins Georgia Republican runoff in U.S. Senate race (Reuters)
  • Five held in China food scandal probe, including head of Shanghai Husi Food (Reuters)
  • Jobs Hold Sway Over Yellen-Carney as Central Banks Splinter (BBG)
 
Tyler Durden's picture

Venezuela's Transformation To Socialist Utopia Is Nearly Complete As Its Factories Grind To A Halt





The good news about this particular banana republic: everything else may be imploding, but at least still has bananas.

 
Tyler Durden's picture

Frontrunning: July 22





  • EU Works to Punish Russia as MH17 Bodies Leave Rebel Area (BBG)
  • Bodies From Malaysia Airlines Flight Begin Long Trip to Netherlands (WSJ)
  • Israel pounds Gaza as Kerry arrives (Reuters)
  • U.S. judge dismisses Republican lawsuit over Obamacare subsidy for Congress (Reuters)
  • Israel Soldier Missing Amid Assault on Hamas in Gaza (WSJ)
  • Detroit Retirees Vote in Favor of Pension Cuts (WSJ)
  • Russia Axes 1st Bond Sale in 3 Months as Ukraine Drives Up Yield  (BBG)
  • Wall Street Cut From Guest List for Jackson Hole Fed Meeting (BBG)
  • Credit Suisse to Exit Commodities, Posts Big Quarter Loss (BBG)
  • Draghi Cedes Euro Control to Yellen on Fed Rate Wagers (BBG)
 
Phoenix Capital Research's picture

The Fed Has Killed the Capital Markets





The Fed and its policies have warped the culture of capitalism to the point that we now exist in a Centrally-Planned nightmare in which a handful of academics influence the economy and world reserve currency with every speech and verbal statement.

 
Tyler Durden's picture

Frontrunning: July 3





  • Obama Decries Big Bonuses at Bank Trading Desks as Risky  (BBG)
  • India central bank seeks to swap gold to improve reserves quality (Reuters)
  • There goes Q3 GDP: Arthur Strengthens to Become First Atlantic Hurricane (BBG)
  • Airports Serving U.S. Tighten Checks on Stealth-Bomb Threat (BBG)
  • Fear, cash shortages hinder fight against Ebola outbreak (Reuters)
  • Brent Declines as Libya Rebels Say Ports Are Open (BBG)
  • Shiites Train for Battle in Iraqi Holy City (WSJ)
  • Dimon’s Cancer Has 90% Cure Rate With Demanding Therapy (BBG)
  • Goldman says client data leaked, wants Google to delete email (Reuters)
  • ECB Watchers in the Dark Look to Draghi for Illumination (BBG)
 
Tyler Durden's picture

Futures Prepare To Take Out Dow Jones 17,000





We could focus on whatever events took place in the overnight session or the seasonally-adjusted economic data avalanche that will dominate US newsflow over the next two days (ADP, ISM New York, Factory Orders, Services ISM, Yellen Speaking, and of course Nonfarm payrolls tomorrow), or we could ignore all of that as it is absolutely meaningless and all very much bullish, and use a phrase from Standard Chartered which said that "the dollars Yellen is removing could be compensated for by cheap euros from the ECB; result may be enough cash sloshing around to underpin this year’s run-up in risk assets even if  the Fed begins mulling higher interest rates too." In other words, the bubble will go on, as the Fed passes the baton to the ECB, if not so much the BOJ which is drowning in its own imported inflation. Case in point: two of the three HY deals priced yesterday were PIK, and the $1 billion in proceeds was quickly used to pay back equity sponsors. The credit bubble has never been bigger.

 
Tyler Durden's picture

Frontrunning: June 20





  • Must be an early winter: Housing Falters as Forecasters See U.S. Sales Dropping  (BBG)
  • China Property Failures Seen as $33 Billion in Trusts Due (BBG)
  • Polish Prime Minister Says Recording Scandal May Trigger Early Election (WSJ)
  • Iraqi forces ready push after Obama offers advisers (Reuters)
  • Priorities: U.S. cuts aid to Uganda, cancels military exercise over anti-gay law (Reuters)
  • Kurds' Takeover of Iraqi City of Kirkuk Strengthens Their Hand (WSJ)
  • U.S. says government lab workers possibly exposed to anthrax (Reuters)
  • Netflix Up 21% With Tesla: The best U.S. stocks this month are ones that just a few months ago were the biggest losers (BBG)
  • Architects of Iraq Invasion Return to Blame Obama (BBG)
  • Nato claims Moscow funding anti-fracking groups (FT)
  • Lawmakers Skeptical GM Bosses Were Unaware of Defect (WSJ)
  • Corinthian Colleges Warns of Possible Shutdown (WSJ)
  • Taiwan's Quanta to start mass production of Apple's smartwatch in July (Reuters)
 
Tyler Durden's picture

GM's Latest Flop: Dealers "Stuffed" With 725-Day Supply Of "Tesla Competitor" Cadillac ELR





Here is a verbal account of precisely what happens when domestic car-makers overestimate the purchasing power of the US, and clog channels to an epic extent. In this case, we refer to the recently launched GM Cadillac ELR, launched to much aplomb just five months ago as a competitor to the Tesla Model S for a $76,000 price point (above Tesla's $70,000), has been a complete disaster. And how is GM dealing with this latest sales disappointment (which struck even before all the recent recall scandals had hit)? Why by jamming dealers with an unprecedented 725-day supply, or exactly two years worth of cars!

 
Tyler Durden's picture

Martin Armstrong Warns Out Of Control Unions Are The Real Poison Pill Of Western Society





Unions have been the real plague of society. There is not much they have not really destroyed... The problem is that the only way to pay these unions is to raise taxes. This is the poison pill that will destroy Western Society. This hunt for taxes will destroy the economy and will not save the day in the end game. Just do the math.

 
Tyler Durden's picture

The Writing Is On The Wall... And We Should All Read It





The "Shiller P/E" is much in the news of late, and, as ConvergEx's Nick Colas suggests, with good reason. It shows that U.S. equity valuations are pushing towards crash-worthy levels. This measure of long term earnings power to current price is currently at 25.3x, or close to 2 standard deviations away from its long run median of 15.9x. As Colas concludes, the writing is on the wall and we must all read it. Future returns are likely going to be lower. Competition for investor capital will get even tougher. That’s what the Shiller P/E says, and it is worth listening.

 
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)
 
Tyler Durden's picture

Frontrunning: May 2





  • Ukraine attacks rebel city, helicopter shot down (Reuters)
  • Euro Unemployment Holds Near Record Amid Factory Gains (BBG)
  • Yellen’s Fed Resigned to Diminished Growth Expectations (BBG)
  • Junket Figure's Disappearance Shakes Macau's Gambling Industry (WSJ)
  • China tried to undermine economic report showing its ascendancy (WSJ)
  • Liquidity Trap Hitting AAA Bonds Has ATP CEO Sounding Alarm (BBG)
  • AstraZeneca Snubs Pfizer Approach That U.K. Won’t Block (BBG)
  • Missing Jet Recordings May Have Been 'Edited' (NBC)
  • RBS turns corner as first-quarter profit trebles (Reuters)
  • Japan household spending hits four-decade high, wages key to outlook (RTRS) while Real Incomes Drop 3.3% in March, 6th straight decline
 
Tyler Durden's picture

Frontrunning: April 14





  • Three dead in shootings at Kansas Jewish centers; man to face charges (WSJ)
  • Sanctions Blowback in Russia Targets Burgers to Movies (BBG)
  • Deadly Virus's Spread Raises Alarms in Mideast (WSJ)
  • China group buys $6bn Glencore Peru copper mine (BBG)
  • Iran lodges complaint against United States over U.N. envoy ban (Reuters)
  • Russian assets down sharply on Ukraine conflict fears (Reuters)
  • ECB comments knock euro, but not much (Reuters)
  • World-Leading $25 Hourly Wage Roils Swiss Businesses (BBG)
 
Tyler Durden's picture

Frontrunning: April 3





  • Russia says expects answers on NATO troops in eastern Europe (Reuters)
  • Dealers say GM customer anxiety rising, sales may take hit (Reuters)
  • China Unveils Mini-Stimulus Measure (WSJ)
  • Londoners Priced Out of Housing Blame Foreigners (BBG)
  • New earthquake in Chile prompts tsunami alerts (Reuters)
  • Ukrainian Billionaire Charged by U.S. With Bribe Scheme (BBG)
  • Chinese Investments in U.S. Commercial Real Estate Surges (BBG)
  • Old Math Casts Doubt on Accuracy of Oil Reserve Estimates (BBG)
  • US secretly created 'Cuban Twitter' to stir unrest (AP)
 
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