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Tyler Durden's picture

Wall Street's Next Bonanza: Subprime Marriage-Backed Securities





If marriage insurance sales take off, it's only a matter of time before Wall Street repackages it and sells it to investors via subprime marriage-backed securities. A boom in marriage speculation would ensue. Did you see your neighbor with his mistress last night? Buy some MBS credit default swaps on him and tell his wife what you saw.

 
Tyler Durden's picture

A "No" Victory Appears Probable: What Happens Next According To Deutsche Bank





  • N1 – Soft deal: The most unlikely scenario is that the euro-area partners offer a much softer programme to Greece.
  • N2 – Default-and-stay: Moderately less unlikely is a scenario where Greece defaults but stays in the euro thanks to a direct recapitalisation of Greek banks by the euro-area partners, with the Greek government using only domestic resources for the country’s fiscal needs.
  • N3 – New deal: The third scenario is one in which the rising economic and political cost of a closed banking system results in the Syriza government being replaced by a new government of national unity and a new deal with creditors being reached.
  • N4 – Grexit: In our view, Grexit and Scenario N3 are the most likely – with about equal probabilities.
 
Tyler Durden's picture

Greece, China, & Russia – A Plan B For Tsipras





"Greece would survive, have new powerful friends, have bargaining chips that neither Europe nor America could ignore; China would have projected the use of the Yuan right in to Europe, and Russia would have more than a toe-hold for military power right inside NATO. If I was Tsipras or Varoufakis I would be on the phone right now."

 
Tyler Durden's picture

What It All Comes Down To On Sunday





"Do you think Europe should forgive your debt, check box 'Yes' or 'No'." "No" means a lot of pain now and recovery later. "Yes" means less pain now but no hope of recovery ever. Choose wisely...

 
Phoenix Capital Research's picture

The $100 Trillion Bond Bubble Just Burst





Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in  the coming months.

 
 
Tyler Durden's picture

Greeks Split On Greferendum As Credit Suisse Says "No" Vote Defies "Rationality"





"Introducing a new currency is a pipe dream and the likely result is a broken financial system reliant on a neighbor’s currency (the euro) and banking system. The choice is not 'do you accept the core’s terms your government has rejected?' Rather, it is 'do you want Greek banks to function independently?' and, de facto, do you want to be able to use the cash machine tomorrow?"

 
Tyler Durden's picture

Good On You, Greece - But Don’t Waver Now (Part 2)





Earlier this week the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis Tsipras and his band of political outlaws have shattered a giant illusion.

 
Tyler Durden's picture

Did The IMF Just Open Pandora's Box?





... at this very moment, politicians from Spain's Podemos to Italy Five Star movement are drafting memos demanding that the IMF evaluate their own debt sustainability. Or rather unsustainability.

 
Sprott Money's picture

The Perversion of Capitalism: A Credit-Based Versus Capital-Based System





We don’t have a “capitalist” economic system. What we have, instead, is a perversion of capitalism. This pseudo-capitalism is a suicidal model of pure, economic exploitation, combined with a plethora of nonsensical dogma and policies.

 
Tyler Durden's picture

NSA Leak Reveals Both Merkel And Schauble Saw Greek Debt As Unsustainable Even After Haircut





"Merkel's fear was that Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt... Within the German cabinet, Finance Minister Wolfgang Schnaeuble alone continued to strongly back another haircut... with IMF Managing Director Christine Lagarde described as undecided on the issue."

 
Tyler Durden's picture

Shale Drillers About To Be "Zero Hedged" As Loss Protection Expires





Hedges accounted for 15% of Q1 revenue for nearly half of North American E&P companies, Bloomberg reports. "Now the safety net is going away."

 
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