• Bruce Krasting
    12/18/2014 - 21:42
      The one thing that Jordan can't do in this war is appear to be weak.

Apple

Tyler Durden's picture

Frontrunning: October 15





  • M&A Bubble is bursting: AbbVie Says It Reconsiders Merger Pact With Shire (WSJ)
  • Winner of bad headline timing award: Spinoffs Could Set Stage for Next Merger Wave (BBG) - and now wait for the spinoffs getting pulled
  • Record mortgage settlement pushes Bank of America into third-quarter loss (Reuters)
  • Korea joins the Japan currency war: Bank of Korea Cuts Base Rate (WSJ)
  • Double Irish’s Slow Death Leaves Google Executives Calm (BBG)
  • Global Oil Glut Sends Prices Plunging (WSJ)
  • Slow Rise in Prices Shows China’s Economy Is Still Struggling (WSJ)
 
Tyler Durden's picture

Frontrunning: October 14





  • No Happy Ending for Investors in Central Bank Fairy Tale (BBG)
  • Ebola Response Strains Hospitals (WSJ)
  • Obama, foreign military chiefs, to thrash out Islamic State plans (Reuters)
  • Draghi’s ‘Whatever It Takes’ Plan on Trial at EU Court (BBG)
  • Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap (BBG)
  • Iran’s Message to World: You Need Us to Fight Islamists (BBG)
  • Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide (Reuters)
  • Ukraine Grannies Outprice Banks on Hryvnia Black Market (BBG)
  • HK police use sledgehammers, chainsaws to clear protest barriers, open road (Reuters)
  • Gazprom Quarterly Net Rises 13%, Misses Estimate on Ukraine Debt (BBG)
 
Tyler Durden's picture

The Fed's 2% Inflation Target: The Ultimate Keynesian Con Job





The old adage that if something is repeated often enough it is soon assumed to be true couldn’t be more apt with respect to the Fed’s 2% inflation target.  That Keynesian central bankers peddle this nostrum with a straight face is amazing in itself, but it is at least understandable because it gives them a reason to keep the printing presses humming. That journalists repeat it with no questions asked is even more remarkable. It proves that the impending replacement of financial journalists with robo-writers may not be so bad after all. It won’t make any real difference.

 
Tyler Durden's picture

Frontrunning: October 13





  • Privately, Saudis tell oil market: get used to lower prices (Reuters)
  • OPEC Members’ Rift Deepens Amid Falling Oil Prices (WSJ)
  • Russia Spending $6 Billion Not Enough to Stop Ruble Rout on Oil (BBG)
  • Deutsche clampdown on bad behaviour prompts exodus of traders (FT)
  • Can't beat the spin: China trade data eases slowdown fears, more stimulus may still be needed (Reuters)
  • China’s Exports Buoy Growth as IPhone Inflates Imports (BBG)
  • Italy on Sale to Chinese Investors as Recession Bites (BBG)
  • Hong Kong Protesters, Antiprotest Activists Clash (WSJ)
  • Turkey Offers Military Bases to U.S.-Led Coalition (BBG) ... and the price is a small piece of post-Assad Syria
  • Passenger With Flu-Like Symptoms Causes Ebola Scare At LAX (CBS)
  • Boston patient deemed unlikely to have Ebola virus (Boston Globe)
 
Tyler Durden's picture

The Stronger Dollar = Stealth QE





Whether this trend will hold or reverse is unknown, but it does suggest that there are advantages to being the cleanest shirt in the dirty laundry.

 
Tyler Durden's picture

Frontrunning: October 10





  • It wasn't Obama this time: Pakistani teen, Indian activist win Nobel Peace Prize (Reuters)
  • Surging VIX Shakes Bulls as S&P 500 Charts Go Haywire (BBG)
  • Global shares hit six-month low as growth worries mount (Reuters)
  • Police, protesters clash in St. Louis ahead of weekend of rallies (Reuters)
  • We're Sitting on 10 Billion Barrels of Oil! OK, Two (BBG)
  • Spain seeks answers as seven more enter Ebola isolation (Reuters)
  • Iran will sell its oil to Asia in November at the biggest discount (BBG)
  • Redefining honeypot: U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms (Reuters)
  • UKIP Wins First Commons District With Conservative Defector (BBG)
  • Fake Ebola Patients Help Hospitals Prepare for Next Case (BBG)
 
Tyler Durden's picture

Global Alert From Chongqing: Foxconn Strike Is An Epochal Inflection Point





Foxconn workers are striking again - this time in Chongqing. But you have to look at the map to see why this is an event of extraordinary significance. In a word, these strikes mean that the rice paddies of China have been nearly drained of cheap, docile labor.

 
Tyler Durden's picture

Curious Why You Lost All Your Money On GTAT? Sorry, The Bankrupt Company Won't Tell You





Earlier today, in addition to insult and injury, what everyone - and especially GTAT's shareholders - got was nothing short of a slap in the face, when the company argued it could not reveal why it filed for bankruptcy and asked a court to keep crucial documents sealed, something even Reuters dubbed a highly unusual move that may keep investors in the dark about its unexpected, and very spectacular implosion. 

 
Tyler Durden's picture

Dow At 8,000





On Tuesday, the Dow fell 272 points. No big deal, of course - we rebounded the most in 3 years yesterday. But what if it continued? Just six years ago it fell 51%. It could easily do so again – back down to, say, 8,000. There would be nothing unusual about it. 50% corrections are normal. You know what would happen, don’t you? Ever since the "Black Monday" stock market crash in 1987 it has been standard procedure for the Fed to react quickly. But what if Yellen & Co. got out the party favors... set up the booze on the counter... laid out some dishes with pretzels and olives... and nobody came? What if the stock market stayed down for 30 years, as it has in Japan?

 
Tyler Durden's picture

Carl Icahn Tells Apple To "Repurchase A Lot More Stock And Sooner" To Hit $1.2 Trillion Market Cap





Another day, another demand by "activist" (which as we have explained patiently before simply means someone who demands companies use moar debt to fund buybacks and/or dividends) Carl Icahn for Apple to buyback it shares. Uncle Carl's bottom line: AAPL stock would be worth a ridiculous $203 (or a $1.2 trillion market cap), if only the board were to "repurchase a lot more" stock "and sooner." Icahn's insight in a nutshell: "the more shares repurchased now, the more each remaining shareholder will benefit from that earnings growth." That's great, but we don't get why waste his precious repeating what he has said so many times before: instead Icahn should just pitch the Fed to monetize AAPL stock in QE 5. Value added Q.E. and well D.

 
Tyler Durden's picture

Frontrunning: October 9





  • Five U.S. airports to screen for fever (Reuters)
  • Danger, central banks trading with each other: Bipolar U.S. Stocks See Biggest Mood Swing in Three Years  (BBG)
  • Draghi Policies Blunted in Berlin as German Protests Grow (BBG)
  • White policeman kills black teen in St Louis, triggering fresh protests (Reuters)
  • Au Revoir to France’s Welfare Model as Socialists Cut Spending (BBG)
  • Here comes Roberto Cavalski (Reuters)
  • There are 49 U.S. venture-capital-backed companies with a valuation of $1 billion or more—the highest number on record (WSJ)
  • Pressure mounts on Hong Kong leader over payout amid crisis (Reuters)
 
EconMatters's picture

The Fed Can`t Raise Rates Because the Sky Is Blue





There is something seriously wrong if the Federal Reserve cannot raise the Fed Fund`s Rate a measly 100 basis points after 7 longs years of ZIRP.  Seven years is an entire business and economic cycle!

 
Tyler Durden's picture

Welcome To A 'New' New Normal Earnings Season





It’s not supposed to be like this. We’ve all been told earnings are great, corporate profits are great, analysts estimates have been rising. As a matter of fact, if one dared to question any of these metrics we were referred to as “idiots.” (And that is an actual quote.) Today as we enter this earnings cycle we have a new phrase that I’m sure will enter the lexicon of the lay person in reference to stocks, but will send shivers down actual Wall Street’ers as they have to defend, argue, or give a smoke and mirrors story that will have a chance of being believed. That phrase will be “a trap door event.”

 
Tyler Durden's picture

Frontrunning: October 7





  • Liberian Rubber Farm Becomes Sanctuary Against Ebola (WSJ)
  • The World’s Most Powerful Central Banker: Janet Who? (BBG)
  • Islamic State moves into south west of Syrian Kurdish town (Reuters)
  • Waldorf to Be Biggest Chinese Property Purchase in U.S. (BBG)
  • Spain Seeks People in Contact With Ebola-Infected Nurse (BBG)
  • Hong Kong protests at crossroads as traffic, frustration pile up (Reuters)
  • Immigration: Grim Caseload at the Border (WSJ)
  • China Cuts Thousands of ‘Phantom’ Workers From State Payroll (BBG)
  • U.S., U.K. Regulators Push to Settle Deutsche Bank Libor Case This Year (WSJ)
  • Wall Street Moles Go to NY’s Top Cop, Spurning SEC Cash (BBG)
  • Pimco's outflow headaches only just beginning (Reuters)
  • Japan Lawmakers Flag Need for Exit Strategy as Yen Falls (BBG)
 
Tyler Durden's picture

The Reason For GT Advanced Technologies Shocking Bankruptcy: "Severe Liquidity Crisis"





EVENTS LEADING TO CHAPTER 11

GTAT is facing a severe liquidity crisis due to circumstances that will be more fully described at the hearing on the First Day Pleadings.

 
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