Porsche

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Hookers Embrace 'War On Cash' - "Transactional Sex" Goes Digital





On the corners of Lagos' Sin Street, the purveyors of the oldest profession in the world have embraced the digital age. Amid the escalating 'war on cash', Nigerian hookers have turned to 'cashless sex' with point-of-sale machines...“I have had issues with men complaining that they wanted to have fun, but no cash at hand. But since the introduction of the PoS machine, once you have your MasterCard, you are in for fun. Fun unlimited.”

 
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On Opex Day, It's All About The Dollar: Futures, Oil Levitate As USD Weakness Persists





It may be option expiration day (always leading to abnormal market activity) but it remains all about the weak dollar, which after crashing in the two days after the Fed's surprisingly dovish statement has put both the ECB and the BOJ in the very awkward position that shortly after both banks have drastically eased, the Euro and the Yen are now trading stronger relative to the dollar versus prior. As DB puts it, "the US Dollar has tumbled in a fairly impressive fashion since the FOMC on Wednesday with the Dollar spot index now down the most over a two-day period since 2009" which naturally hurts those countries who have been rushing to debase their own currencies against the USD.

 
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Global Markets Surge After Traders "Reassess" ECB Stimulus





Less than 24 hours after European stocks tumbled on initial disappointment by Draghi's announcement that rates will not be cut further, mood has changed dramatically and the result has been that after "reassessing" the ECB kitchen sink stimulus, risk has soared overnight with both Asian and European stocks surging. As of this moment European bourses are all broadly higher led by banks, with the DAX and FTSE both up over 2.7%, while the Stoxx 600 is higher by 2.3% as of this writing.

 
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Frontrunning: February 15





  • China’s Yuan Makes Largest Gain Since 2005 on PBOC Cue (WSJ)
  • Japan's Nikkei soars over 7%, for its biggest gain since 2008 (BBG)
  • Global shares rise as firmer Chinese yuan eases deflation fears (Reuters)
  • Banks' Surge Takes Europe's Stock Rally Into 2nd Day; HSBC Rises (BBG)
  • Oil extends rally on prospects OPEC could act to counter low prices (Reuters)
  • Europe's Higher-Yielding Bonds Benefit as Global Turmoil Eases (BBG)
 
Capitalist Exploits's picture

What The Big Short Can Teach You About Investing





"Truth is like poetry. And most people f**king hate poetry." - From the Big Short movie (overheard at a Washington D.C. bar)

 
Tyler Durden's picture

The Increasingly Fragile Upper-Middle Class





The upper-middle class that's supported the "recovery" with massive discretionary spending is far more vulnerable to implosion/insolvency than is generally appreciated.

 
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Germany Shuts Down Canadian Bank Tied To Money Laundering





For the first time since 2012, Bafin - Germany’s banking regulator, which for a minute looked like it might actually accuse Anshu Jain of lying about LIBOR - has closed a bank. All financial transactions by Maple Bank of Canada’s German subsidiary have been halted due to "imminent over indebtedness."

 
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Frontrunning: February 8





  • European stocks plunge as Lunar New Year offers no cheer (Reuters)
  • European Stocks Fall, Credit Weakens as Signs of Distress Abound (BBG)
  • Management trouble at world's biggest hedge fund: Bridgewater succession plan in flux as heir Greg Jensen steps back (FT)
  • U.S. athletes should consider not attending Olympics if fear Zika - officials (Reuters)
  • Geithner Gets JPMorgan Credit Line to Invest With Warburg Pincus (BBG)
  • Top Clinton Donor Wants a Law Against $1 Million Gifts Like His (BBG)
 
Tyler Durden's picture

Unintended Consequences





Actions – including the state’s best-intentioned ones (giving them the benefit of the doubt) - have consequences, not all of them foreseen and some of them contrary to what was (we assume) intended.

 
Capitalist Exploits's picture

Do You Really Want to Raise Money From a Venture Capitalist?





Right NOW may very well be THE best time to raise money! But make sure you know what you're getting yourself into...

 
Tyler Durden's picture

Volkswagen To Offer Cash To Diesel Car Owners After Engineers Admit To Emissions Manipulation





In the aftermath of the Volkswagen emissions manipulation scandal, things for the giant German car maker appear to be going from bad to worse with every passing week.

 
Tyler Durden's picture

Volkswagen And China: A Perfect Fit





If Angela Merkel wants to get rid of one of her major headaches, we suggest she should tell Volkswagen to move its operations from Wolfsburg to China. It may seem a strange thing to do at first blush, with 750,000 German jobs on the line, but bear with us here, because this could well be the only way to preserve at least some value for VW’s stock- and bondholders.

 
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Frontrunning: November 6





  • Dollar at three-month high as payrolls paralysis sets in (Reuters)
  • 5 Things to Watch in the October Jobs Report (WSJ)
  • China to Lift Ban on IPOs (WSJ)
  • ArcelorMittal Is Latest Victim of China's Steel-Export Glut (BBG)
  • 'Hope to see you again': China warship to U.S. destroyer after South China Sea patrol (Reuters)
  • Giants Tighten Grip on Internet Economy (WSJ)
  • Questions Surround Valeant CEO Pearson (WSJ)
 
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