• Phoenix Capital...
    07/02/2015 - 11:09
    This process has already begun in Europe. It will be spreading elsewhere in the months to come. Smart investors are preparing now BEFORE it hits so they are in a position to profit from it...

Barclays

Tyler Durden's picture

Frontrunning: July 2





  • Chinese stocks tumble again, ignoring Beijing's blandishments (Reuters)
  • Plight of Greek pensioners heaps pressure on Tsipras (Reuters)
  • Cash Crunch Hits Everyday Life in Greece (WSJ)
  • Souvlakis Tell a Story Well Beyond Today's Greek Crisis (BBG)
  • Greek Referendum on Bailout Too Close to Call, Poll Shows (BBG)
  • Move Over Greece: For Treasuries Traders, Today Is About the Fed (BBG)
  • ECB adds corporate names to QE-eligible bonds (FT)
  • Special Report: How Greece went bust (Reuters)
  • Puerto Rico’s Pain Is Tied to U.S. Wages (WSJ)
 
Tyler Durden's picture

Next Steps For Greece: The Complete Post-Referendum Roadmap





As we await Tsipras' response to reports which indicate he is set to concede to creditors' proposals in exchange for a deal that rescues his country from the brink of economic oblivion, Barclays and Bloomberg are out with referendum roadmaps.

 
Tyler Durden's picture

With Market Closed, Trading Greek ETF Is Gamble, Guessing Game





Anyone trading the Global X FTSE Greece 20 ETF should take a cue from Howard Marks and ask themselves the following question: can an ETF be more liquid than the assets it references? 

 
Tyler Durden's picture

The Sell Side Reacts To Europe's "Lehman Weekend"





Global equities plunged on Monday as both carbon-based traders and HFTs tried in vain to keep their composure which watching in horror as Greece, the birthplace of Western civilization, quickly became Venezuela. With Europe’s “Lehman weekend” now in the books and as the currency union stares into an uncertain future, the sell side tries to make sense of it all.

 
Tyler Durden's picture

Frontrunning: June 29





  • China’s Stocks Enter Bear Market as Rate Cut Fails to Stop Rout (BBG)
  • Stocks Tumble Around the World on Greek Crisis (WSJ)
  • Some say back to the drachma for a Greek reboot (Reuters)
  • Greece Imposes Capital Controls as Fears of Grexit Grow (BBG)
  • Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece (NYT)
  • Euro off Greece-driven lows after SNB intervenes (Reuters)
  • Western Union to close in Greece for rest of week (Reuters)
  • European banks, bonds shaken by Greek turmoil (Reuters)
 
Tyler Durden's picture

Greek IMF Default May Trigger €131 Billion Payment On EFSF Lonas





"A possible Greek default on debt due to the International Monetary Fund next week would trigger cross- default clauses on 130.9 billion euros that Greece owes the euro area’s temporary rescue facility, a European Union official says."

 
Tyler Durden's picture

Greek Officials Warn "Some Banks May Not Open Monday"





Following Tsipras' surprise referendum decision (and subsequent pulling of proposals by Troika the institutions), Greece's bank jog has turned into a full sprint. ATM lines began to form at 2am, minutes after the announcement and now many ATMs are out of money and, as Bloomberg reports, some Greek banks are drastically limiting cash transactions. Despite all the reassurances that "banks will open Monday," two senior bank executives have warned that some lenders will not be able to open Monday (unless more emergency liquidity is released). Crucially, this is not just about banks being in trouble - drained of deposits electronically - this is running out of physical banknotes, there is literally no more 'real' money left in Greek banks.

 
Tyler Durden's picture

Frontrunning: June 25





  • This headline needs updating: Creditors set bailout ultimatum for defiant Greeks (Reuters)
  • Greece’s Fragile Banks Leave Alexis Tsipras Few Options in Bailout Talks (WSJ)
  • Dueling Greece Plans Presented as Ministers Race for Aid Deal (BBG)
  • Icahn Cashes In His Netflix Chips (WSJ)
  • Meet the Health-Law Holdouts: Americans Who Prefer to Go Uninsured (WSJ)
  • ECB holds Athens lifeline unchanged as Bundesbank protests (Reuters)
  • Supreme Court Guide: Six Big Decisions Remain (WSJ)
  • The Rise of the Compliance Guru—and Banker Ire (BBG)
 
GoldCore's picture

“They Can’t Print Money Forever” - Ron Paul





Ron Paul, former congressman for Texas, laid plain the absurdity of central policy towards the markets in a recent interview with Amanda Diaz on CNBC. He believes a day of reckoning is in the cards because the central banks “can’t print money forever.”

 
Tyler Durden's picture

Investors Sue Wall Street, Markit For Conspiring To Monopolize CDS Market





With a DoJ probe having predictably gone nowhere, a group of pensioners and retirement funds are suing Wall Street and Markit for colluding to monopolize the CDS market. Amusingly, Citadel has been subpoenaed to discuss how it was shut out of creating a CDS trading platform by the "oligopolistic" activities of TBTF banks, even as the firm looks set to dominate the market for IR swaps.

 
Tyler Durden's picture

Frontrunning: June 24





  • Greece Handed New Terms as Tsipras Approaches Decision Time (BBG)
  • As U.S. Probes $12.7 Trillion Treasury Market, Trader Talk Is a Good Place to Start (BBG)
  • Signs Swedish QE Backfiring as Liquidity Evaporates (BBG)
  • ECB approves ELA funding requested by Greece- banking source (Reuters)
  • Greek Millennials Can't Find Work But Actually Want to Keep the Euro (BBG)
  • Greek deal or not, the euro is now a different beast (Reuters)
  • Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge (BBG)
  • The World's Biggest Economies Are About to Feel the Impact of China's Slowdown (BBG)
  • Senate Clears Trade Bill’s Way to Passage (WSJ)
 
Tyler Durden's picture

$140 Billion Bond Fund Goes To Cash As It "Braces For Bond-Market Collapse"





“If you distort markets for long periods of time and then you remove those distortions, you’re subject to unanticipated volatility,” TCW's Jerry Cudzil tells Bloomberg, adding that the firm is "as defensive as [it's] been since pre-crisis.”

 
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