OTC
Gold In 2016: "Economic Power Is Shifting"
Submitted by Tyler Durden on 01/09/2016 18:15 -0500An unseen bubble at the heart of the financial system is deflating with unknown consequences. When bubbles deflate, and here we are talking about one in the hundreds of trillions, bad debts are usually exposed. Even though much of the reduction in outstanding OTC derivatives is due to consolidation of positions following the Frank Dodd Act, much of it is not. When free markets reassert themselves, and they always do, the disruption promises to be substantial. We appear to be in the early stages of this event. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.
The Big Short is a Great Movie, But...
Submitted by rcwhalen on 01/05/2016 11:00 -0500- Alan Greenspan
- Apple
- Arthur Levitt
- Bear Stearns
- Bond
- CDS
- Commodity Futures Trading Commission
- Corruption
- Countrywide
- Credit Default Swaps
- default
- Federal Reserve
- Gretchen Morgenson
- Housing Market
- Institutional Investors
- Lehman
- Lehman Brothers
- Market Share
- Meltdown
- Michael Lewis
- Morgan Stanley
- Mortgage Loans
- NASDAQ
- New Century
- New York Stock Exchange
- None
- OTC
- OTC Derivatives
- program trading
- Program Trading
- Subprime Mortgages
- Wachovia
- Washington Mutual
Derivatives like credit default swaps turned a mere bubble in the US housing market into a global financial catastrophe...
Grey Swans Rising - All 6 Of Goldman's Global Risk Indices Are Worsening
Submitted by Tyler Durden on 12/22/2015 09:07 -0500Despite every effort by The Fed to convince the world that everything is awesome, it's not. From China growth risks to concerns about tightening financial conditions, Goldman warns so-called 'grey swan' fears are rising with Brexit, Trumpe elected, widening terrorist threats, and increased protectionism the most impactful.
“We Don’t Remember How To Raise Interest Rates. None Of Us Worked Here The Last Time We Did It”
Submitted by Tyler Durden on 12/16/2015 10:46 -0500... I found myself seeking refuge in the tiramisu staring back at me, a bit uncomfortable that I was only hearing the wah wahs of Charlie Brown’s adult voices. Until this, during the back and forth of Q&A: (Laughter around the room…) “We don’t remember how to raise interest rates. None of us worked here the last time we did it.”
China's Gold Army
Submitted by Tyler Durden on 12/12/2015 19:50 -0500
Meet 'The Gold Armed Police' - China's special army unit dedicated to acquiring and protecting the nation's precious metals.
On Credit Default Swaps
Submitted by rcwhalen on 11/25/2015 08:58 -0500"This is legal?" Stephanie Ruhle on CDS after watching "The Big Short" (Bloomberg TV)
London and World Gold Council look to regulate OTC Gold market
Submitted by GoldCore on 10/19/2015 07:57 -0500The LBMA wants to boost transparency and invited the market to suggest improvements including considering a new electronic platform that may lower trading costs and improve efficiency.
Every SINGLE Big Wall Street Bank Got Stocks AND Rates Horribly Wrong, Except for... Here's Why It Will Always Happen!
Submitted by Reggie Middleton on 09/30/2015 09:44 -0500This is a damn shame. You can't be upset if your banker calls you a muppet if you hand him the marrionette strings... The tools to cut the strings are just around the corner. Let's see if regulators do the right thing, or if will they stilfe innovation to protect status quo.
Enough Already! Raise The Rate To 3 Percent
Submitted by Tyler Durden on 09/14/2015 16:04 -0500Everything is so wonderful that a rate hike would equate to saying the Fed has won. Seven years of ZIRP and a few selling periods when the Fed stopped POMO’s and QE injections, we can easily say with extreme confidence that the Fed won. And by won we mean didn’t ruin the system entirely. Except they did.
Two Clear Signs That the Political/ Financial Elite Know Another Crisis is Coming
Submitted by Phoenix Capital Research on 09/12/2015 10:30 -0500Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political and financial elite have begun implementing moves to prepare for the next Crisis.
Rigor Mortis Of The Robo-Machines
Submitted by Tyler Durden on 09/01/2015 13:30 -0500Call it the rigor mortis of the robo-machines. About 430 days ago the S&P 500 crossed the 1973 mark for the first time - the same point where it settled today. In between there has been endless reflexive thrashing in the trading range highlighted below. As is evident, the stock averages have not “climbed” the proverbial wall of worry; they have jerked and twitched to a series of short-lived new highs, which have now been abandoned. Surely most thinking investors have left the casino by now. So what remains is chart driven trading programs, racing madly up, then down, then back up again - rinsing and repeating with ever more furious intensity.
Guest Post: Stanley Fischer Speaks - More Drivel From A Dangerous Academic Fool
Submitted by Tyler Durden on 08/31/2015 14:51 -0500With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling toward main street America intensifies. When the next financial bubble crashes it can only be hoped that this time the people will grab their torches and pitchforks. Stanley Fischer ought to be among the first tarred and feathered for the calamity that he has so arrogantly helped enable.
No CNBC, It's Not Priced In
Submitted by CalibratedConfidence on 08/30/2015 07:34 -0500Luckily we didn't hear anything more about Vomiting Camel formations but there was certainly an ample amount of "it's priced in" blaring in the background.
This Fraud Of A Company Is Trying To Sell Stock, But Who Cares: Here Are Semi-Naked Women In Bikinis
Submitted by Tyler Durden on 08/20/2015 17:14 -0500
Which Are The Most Illiquid Assets In The Market Right Now
Submitted by Tyler Durden on 08/17/2015 18:34 -0500As the chart below shows, from oil to bunds, to US HG and Convertible debt, to USTs and even to Developed Market stocks, turnovers are virtually non-existant, while the only place where there has been a transitory surge in turnover has something to do with Chinese stocks, where volume however has been quite muted in recent months ever since the bubble died.







