Germany

Tyler Durden's picture

US CEO-Worker Pay Gap Is Widest In Developed World





Further proof that the disparity between America's bosses and the country's non-supervisory workforce is widening at an alarming rate...

 
Tyler Durden's picture

The 10 Things Germany Needs To Do To Save The Eurozone (And Itself)





The political pressure on Germany is rising in Europe. The country faces a choice: Continue business as usual or change the strategy? Only the latter option may give it real influence on shaping the future course of economic and political affairs in Europe. Playing defense is the comfortable choice, but it may be the wrong strategy. What needs to be done? Below is a proposal for saving the Eurozone in a way that would safeguard Germany’s interests, too

 
Tyler Durden's picture

Futures Tumble As Yemen War Starts; Oil, Gold Surges





In a somewhat surprising turn of events, this morning's futures reaction to last night's shocking start of a completely unexpected Yemen proxy war, which has seen an alliance of Gulf State launch an air, and soon land, war against Yemen's Houthi rebels, is what one would expect: down, and down big. This is surprising, because on previous occasions one would expect the NY Fed, or its pet hedge fund, Citadel, or the BOJ or ECB (via the CME's "Central Bank Incentive Program") to aggressively buy ES to prevent a slide, something has changed, and for the BTFDers, that something may be very fatal with the e-Mini rapidly approaching a 1-handle yet again. The offset to tumbling stocks, as previously observed, is oil, with WTI soaring over 6% in a delayed algo response to the Qatar headlines.

 
Tyler Durden's picture

33 Strange Facts About America That Most Americans Would Be Shocked To Learn





Did you know that about one-fourth of the entire global prison population is in the United States?  Did you know that Apple has more money than the U.S. Treasury?  Did you know that if you have no debt and also have 10 dollars in your wallet that you are wealthier than 25 percent of all Americans?  Did you know that by the time an American child reaches the age of 18, that child will have seen approximately 40,000 murders on television?  There are some things that are great about the United States, and there are definitely some things that are not so great.  Once upon a time we were the most loved and most respected nation on the entire planet, but those days are long gone.

 
Tyler Durden's picture

Montreal Students Clash With Riot Police In Austerity Protests





"The Revolutionary Student Movement organized the Tuesday’s evening march. The group has claimed it is 'an association of young Communists and revolutionary anti-capitalists,'" RT reports. Police used rubber bullets, sound bombs, and tear gas to disperse the crowd with made the always dangerous mistake of not providing law enforcement with a protest itinerary.

 
Tyler Durden's picture

Lessons From The German Hyperinflation Of The 1920s





The German hyperinflation episode in the early 1920s is often quoted as an example of the dire consequences of excessive money printing – a leading industrial economy succumbing to the dangers of currency debasement promoted by incompetent central bankers. Alas, the reality is more complex than that, particularly when certain geopolitical and economic constraints of that time are taken into consideration. And as we shall see, we can draw some important lessons from that episode that can help us gauge the effectiveness of our very own currency debasement in the 21st century.

 
Tyler Durden's picture

US Hegemony, Dollar Dominance Are Officially Dead As China Scores Overwhelming Victory In Bank Battle





The China-led development bank essentially marks an epochal shift away from traditionally US-dominated multinational institutions like the IMF and the ADB. Meanwhile, it also represents an implicit attempt by the Chinese to usher in a kind of sino-Monroe Doctrine. The more isolated the US becomes as it relates to the new venture, the more transparent its motives seem. This was never about “standards” (the original excuse for Washington’s opposition to the bank), but rather about stifling Chinese ambition. "America seems to be confirming China’s darkest fears: it has adopted a policy of containment that is wrong in principle and has failed in practice," notes The Economist.

 
Tyler Durden's picture

Frontrunning: March 25





  • ECB Tells Greek Banks Not to Boost Exposure to Athens Government’s Debt (WSJ)
  • Search teams probe wreckage of jet in French Alps (Reuters)
  • Flight Recorders Offer Best Hope of Explaining Jet’s Fatal Drop (BBG)
  • Yemen Houthi militia sweeps toward Aden in threat to president (Reuters)
  • In Nigeria, Oil Price’s Slide Deters Theft (WSJ)
  • Saudi Arabia building up military near Yemen border (Reuters)
  • Quant Who Shook the Financial World Tries More Humble Approach (BBG)
  • Executive Pensions Are Swelling at Top Companies (WSJ)
 
Tyler Durden's picture

Without Buyback Back Up, Futures Fail To Find Fizzle





After three days of unexpected market weakness without an apparent cause, especially since after 7 years of conditioning, the algos have been habituated to buy on both good and bad news, overnight futures are getting weary, and futures are barely up, at least before this morning's transitory FX-driven stop hunt higher. Whether this is due to the previously noted "blackout period" for stock buybacks which started a few days ago and continues until the first week of May is unclear, but should the recent "dramatic" stock weakness persist, expect Bullard to once again flip flop and suggesting it is clearly time to hike rates, as long as the S&P does not drop more than 5%. In that case, QE4 is clearly warranted.

 
Tyler Durden's picture

US House Votes 348-48 To Arm Ukraine, Russia Warns Lethal Aid Will "Explode The Whole Situation"





Yesterday, in a vote that largely slid under the radar, the House of Representatives passed a resolution urging Obama to send lethal aid to Ukraine, providing offensive, not just "defensive" weapons to the Ukraine army. The resolution passed with broad bipartisan support by a count of 348 to 48. Russia's response came promptly: Washington's decision to supply Ukraine with ammunition and weapons would “explode the whole situation” in eastern Ukraine and Russia would be forced to respond “appropriately,” Russia's Deputy Foreign Minister Sergey Ryabkov said at the end of February.“It would be a major blow to the Minsk agreements and would explode the whole situation,”

 
Tyler Durden's picture

Futures At Overnight Highs On China PMI Miss, Europe PMI Beat





It is a centrally-planned "market" and everyone is merely a bystander. Last night, following a dramatic China PMI miss, which as previously reported tumbled to the worst print since early 2014 and is flashing a "hard-landing" warning, the Shanghai Composite first dipped then spiked because all a "hard-landing" means is even more liquidity by the PBOC (which as we suggested a month ago will be the last entrant into the QE party before everyone falls apart). Then, this morning, a surprise beat by the German (and Eurozone) PMI was likewise interpreted by the algos as a catalyst to buy, and at this moment both European stock and US equity futures are their session highs. So, to summarize, for anyone confused: both good and bad data is a green light to buy stocks. In fact, all one needs is a flashing red headline to launch the momentum igniting algos into a buying spasm.

 
Tyler Durden's picture

Merkel/Tsipras "Get Rid Of Stereotypes" Press Conference - Live Feed





The future of Europe being decided?

*'WE WANT GREECE TO BE ECONOMICALLY STRONG,' MERKEL SAYS SHE IS SEEKING TRUSTFUL COOPERATION WITH TSIPRAS
*TSIPRAS: GREEK BAILOUT INCREASED SOCIAL INEQUALITY
*TSIPRAS: GREEK ECONOMY NEEDS BAILOUT DISBURSEMENT (please?)
*MERKEL SAYS SHE CAN'T 'OFFER ANY LIQUIDITY' ON HER OWN (nein!)

 
Phoenix Capital Research's picture

Could the US Dollar Crash Stocks?





The US Dollar took down Oil, commodities, even emerging market currencies. Stocks will be next. The first REAL sign that the 2008 Crash was coming occurred when the US Dollar began to skyrocket in the summer of 2008.

 
Tyler Durden's picture

Who Left the Crash Window Open?





Can stocks keep hitting new highs even as sales and profits fall?

 
Syndicate content
Do NOT follow this link or you will be banned from the site!