Tyler Durden's picture

Look Out Troika, Portugal Names Socialist Antonio Costa Prime Minister

In a move that ends a weeks-long political stalemate, Portugal's President Anibal Cavaco Silva has named Socialist leader Antonio Costa PM. Due to Costa's alliance with the Left Bloc and the Communists, many worry the stage is now set for a showdown with Brussels, the IMF, and Berlin.

Phoenix Capital Research's picture

The Fed Has Set the Stage For a Stock Market Crash

The Fed has conditioned investors to ignore fundamentals, valuations, and the business cycle. As a result, we are in another bubble that will burst as all bubbles do.

Tyler Durden's picture

Goldman Releases Its Top 6 Trades For 2016... And The Three Biggest Risks

  1. Top Trade #1: Long USD vs short EUR and JPY
  2. Top Trade #2: Long US 10-year ‘Breakeven’ Inflation
  3. Top Trade #3: Long MXN and RUB versus short ZAR and CLP.
  4. Top Trade #4: Long EM ‘External Demand’ vs. Banks stocks
  5. Top Trade #5: Tighter Spread between Italy and Germany Long Rates
  6. Top Trade #6: Long large-cap US Banks relative to the overall S&P500
Tyler Durden's picture

Global Markets Surge Overnight On Fed Minutes Optimism; ECB Minutes Set To Keep Rally Going

While it is still unclear just why the FOMC Minutes which are said to have made a December liftoff "more likely" unleashed a dramatic market rally, one which sent both stocks and TSYs higher, the sentiment continued overnight, with both Asian stocks surging on the US momentum, as well as Europe, where the DAX gapped solidly above the 200 DMA as most European shares advanced, led by resources, travel stocks. U.S. futures continue their ramp higher, and at last check were another 8 points, or 0.4%, in the green.  But if the Fed Minutes were enough to unleash the latest leg in this rally, than the ECB's own minutes due also today, should send futures back over 2100 without much difficult, regardless of their actual content.

Tyler Durden's picture

European Union Challenged From Right And Left, "Maybe Too Much To Endure"

The heinous ISIS attack in Paris is a game changer in Europe. In addition to the horrific amount of individual casualties, the attack has also threatened severe damage to the long term survivability of the European Union as a political entity. Based on the unpopularity and unfeasibility of immigration controls under the EU's Schengen Plan, the events have opened up the Union to renewed attacks from the right, just as its support from the left is crumbling as a result of opposition to EU-mandated fiscal austerity. This two-front onslaught may be too much for the Union to endure.
Tyler Durden's picture

Austerity And Anarchy: Tying Budget Cuts To Riots, Assassinations, And Attempted Revolutions

As Europe grapples with political turmoil in the periphery stemming partly from voters' collective frustration with years of austerity, RBS takes a look at the history of European expenditure cuts and how they correlate to anti-government demonstrations, riots, assassinations, general strikes, and attempted revolutions. 

Tyler Durden's picture

There Are No Safe Spaces

We're not persuaded that world opinion will ever “make sense” of the Paris attacks. The non-linear rules the day. One thing seems assured: hard-line governments are coming soon. Politically, the West had boundary problems that go way beyond the question of national borders to the core psychology of modern liberalism. When is enough of anything enough? And then, what are you really willing to do about it? The answer lately among the Western societies is to do little and do it slowly. The behavior of college administrators and faculties in the USA these days is emblematic of this cowardly dithering.

Tyler Durden's picture

A Storm Of Bad "Incoming Data" Strikes As The World Economy Rolls Over

Brutal news is pouring in from pretty much everywhere. The world, in short, is rolling over. Debt monetization on the scale so far attempted has failed to stop the implosion of tens of trillions of dollars of bad paper, growth has stalled and geopolitics has begun to turmoil. And none of this is a surprise. It’s just what you get when you put monetary printing presses in the hands of governments and/or big banks.

Tyler Durden's picture

ECB Had 3 Accused Rate Manipulators In Crisis Focus Group

"They helped us understand what was going on beyond what you see on the screens."

GoldCore's picture

Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties"

In the next financial crisis, physical gold held outside the banking system in safe vaults in safe jurisdictions will prove to be a “financial cushion” to individuals, companies, pension funds, family offices,  and indeed nations.

Tyler Durden's picture

Futures Extend Slide; Europe Has Biggest Weekly Drop In 2 Months; Commodities At 16 Year Lows

For once, the overnight session was not dominated by weak Chinese economic data (which probably explains why the Shanghai Composite dropped for the second day in a row, declining 1.4%, and ending an impressive run since the beginning of November) and instead Europe took the spotlight with its own poor data in the form of Q3 GDP which printed below expectations at 0.3% Q/Q, down also from the 0.4% increase in Q2, with several key economies rolling over including Germany, Italy, and Spain while Europe's poster child of "successful austerity" saw Q3 GDP stagnate, far worse than the 0.5% growth consensus expected.

Tyler Durden's picture

Incumbents Are Being Swept From Office Around The World

Evidently, voters are in a very bad mood just about everywhere. Unfortunately, they are bereft of good choices in most places. Usually one essentially gets to exchange one bunch of psychopathic looters for another – so it is like jumping from the frying pan into the fire. Very often, things will simply go from bad to worse, as the underlying basic problems are usually misdiagnosed, resp. there is no-one willing to actually tackle them. Investors should pay very close attention to this trend...When the performance of financial markets diverges from underlying social mood trends, it is usually time to be very careful.

GoldCore's picture

Gold Bullion Demand Surges 27% In Q3 - New Chinese “Buying Spree”

Gold bullion coin and bar demand surged in Q3 as gold’s continuing COMEX driven price weakness in July and sharp falls in stock markets in China and globally in August saw store of wealth buyers internationally again accumulate bullion.

Tyler Durden's picture

Spain's Black Swan In Muddied Waters As Court Ruling, Political Turmoil Threaten Catalan Secession Bid

Spain's Constitutional Court has ordered the suspension of Catalonia's independence bid and threatened to arrest its leader Artur Mas. Separately, Mas lost a bid for re-election as the same lawmakers who support his push for independence are unwilling to support him as President citing corruption.

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