• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Sears

Tyler Durden's picture

Frontrunning: February 1





  • 'London Whale' Sounded an Alarm on Risky Bets (WSJ)
  • Deadly Blast Strikes U.S. Embassy in Turkey (WSJ)
  • Abe Shortens List for BOJ Chief as Japan Faces Monetary Overhaul (BBG)
  • Endowment Returns Fail to Keep Pace with College Spending (BBG) - More student loans
  • Mexico rescue workers search for survivors after Pemex blast kills 25 (Reuters)
  • Lingering Bad Debts Stifle Europe Recovery (WSJ)
  • Peregrine Founder Hit With 50 Years (WSJ) - there is hope Corzine will get pardoned yet
  • Deutsche Bank to Limit Immediate Bonuses to 300,000 Euros
  • France's Hollande to visit Mali Saturday (Reuters)
  • France, Africa face tough Sahara phase of Mali war (Reuters)
  • Barclays CEO refuses bonus (Barclays)
  • Edward Koch, Brash New York Mayor During 1980s Boom, Dies at 88 (BBG)
  • Samsung Doubles Tablet PC Market Share Amid Apple’s Lead (BBG)
 


CalibratedConfidence's picture

HFT Infographic





You know how we feel about special order-types and expert networks.  I'll save you the long-winded paragraph so you can keep selling AMZN.  Here is an HFT infographic

 


Tyler Durden's picture

Guest Post: Apparitions In The Fog





After digesting the opinions of the shills, shysters and scam artists, I am ready to predict that I have no clue what will happen during 2013. The fog of uncertainty is engulfing the nation, making consumers hesitant to spend and businesses reluctant to hire or invest. Virtually all of the mainstream media, Wall Street banks and paid shill economists are in agreement that 2013 will see improvement in employment, housing, retail spending and, of course the only thing that matters to the ruling class, the stock market. Even among the alternative media, there seems to be a consensus that we will continue to muddle through and the day of reckoning is still a few years off. Those who are predicting improvements are either ignorant of history or are being paid to predict improvement, despite the overwhelming evidence of a worsening economic climate. The mainstream media pundits, fulfilling their assigned task of purveying feel good propaganda, use the 10% stock market gain in 2012 as proof of economic recovery. The facts prove otherwise... Every day more people are realizing the con-job being perpetuated by the owners of this country. Will the tipping point be reached in 2013? I don’t know. But the era of decisiveness and confrontation has arrived. The existing social order will be swept away. Are you prepared?

 


Tyler Durden's picture

Frontrunning: January 8





  • London Quantitative Hedge Funds Report Second Year of Losses (BBG)
  • Berlusconi Forms Alliance in Comeback Bid (WSJ)
  • Japan to Buy ESM Bonds Using FX Reserves to Help Weaken Yen (BBG)
  • Japan Mulling BOJ Accord Linked to Employment, Mainichi Says (BBG)
  • Samsung Expects Record Operating Profit (WSJ)
  • Boeing 787 Dreamliner Fire Probed, Blaze Adds to Setbacks (BBG)
  • BOJ's Shirai: Open to Firmer Inflation Target (WSJ)
  • HSBC N.J. Client Admits Conspiracy in Offshore Tax Case (BBG)
  • Lampert to Assume CEO Role at Sears (WSJ)
  • Abe prepares fresh stimulus measures (FT)
  • U.S. Set for Biggest State-Local Jobs Boost Since 2007 (BBG)
  • Pakistan Seen Needing IMF Bailout as Rupee Drops Before Vote (BBG)
 


Tyler Durden's picture

2012 - 'Year Of Living Dangerously' In Review





Despite the fact that myself and everyone else acting like they know what lays ahead are proven wrong time and time again, we continue to make predictions about the future. It makes us feel like we have some control, when we don’t. The world is too complex, too big, too corrupt, too lost in theories and delusions, and too dependent upon too many leaders with too few brains to be able to predict what will happen next. This is the time of year when all the “experts” will be making their 2013 predictions - but few will address where they were wrong in previous predictions. I’m more interested in why I was wrong. It seems I always underestimate the ability of sociopathic central bankers and their willingness to destroy the lives of hundreds of millions to benefit their oligarch masters. I always underestimate the rampant corruption that permeates Washington DC and the executive suites in mega-corporations across the land. And I always overestimate the intelligence, civic mindedness, and ability to understand math of the ignorant masses that pass for citizens in this country. It seems that issuing trillions of new debt to pay off trillions of bad debt, government sanctioned accounting fraud, mainstream media propaganda, government data manipulation and a populace blinded by mass delusion can stave off the inevitable consequences of an unsustainable economic system. Will 2013 be the year it all collapses in a flaming heap of rubble? I don’t know. Maybe you should ask an “expert”.

 


Tyler Durden's picture

Frontrunning: December 27





  • U.S. Family of Mao’s General Assimilates, Votes for Obama (Bloomberg)
  • Iron ore prices hit eight-month high (FT)... four months after plunging and crushing iron ore miners
  • Obama seeks 60 Senate votes for cliff deal (MarketWatch)
  • Need. Moar. InfinitQEeee: Japan PM adviser urges unlimited BOJ easing, higher price goal (Reuters)
  • Yen Touches 16-Month Low Versus Euro Before Japan CPI (BBG)
  • China consumers driving economic rebound (Reuters) - ot just year end window dressing to accompany the new Politburo
  • Rajaratnam agrees to pay $1.5 million disgorgement in SEC case (Reuters)
  • France should review 2013 deficit target with EU partners (Reuters)
  • Monti-led poll alliance takes shape (FT)
  • Bersani wants growth-oriented Europe (FT)
 


Tyler Durden's picture

Frontrunning: December 26





  • Grand Bargain Shrinks as Congress Nearing U.S. Budget Deadline (BBG)
  • Budget Talks Cloud Outlook (WSJ)
  • Obama to cut vacation short to deal with fiscal crisis (Reuters)
  • Stop-gap fix most likely outcome of "fiscal cliff" talks (Reuters)
  • Aso Named Japan’s Next Finance Chief as Abe Primes Fiscal Pump (BBG)
  • Aluminum Glut No Bar to Gains as Barclays Says Sell (BBG)
  • Morsi signs controversial charter into law  (FT)
  • Children, many ill, would be victims of Russia ban on U.S. adoption (Reuters)
  • Turkey Central Bank Unveils New Tool to Limit Bank Debt Risk (BBG)
  • Refi Program Expansion Eyed (WSJ)
  • India Joins Indonesia Facing Heightened Policy Dilemma (BBG)
 


Tyler Durden's picture

Frontrunning: December 7





  • Bundesbank cuts growth outlook as crisis bites (Reuters)
  • Strong quake hits off Japan near Fukushima disaster zone (Reuters)
  • Greece to Buy Debt It Already Owns to Reach Target (BBG)
  • Draghi’s Go-to ECB Seen Risking Credibility Through Overload (BBG)
  • Judge urges Apple and Samsung ‘peace’  (FT) ... Alas only the US government has a Magic Money Tree; others need profit
  • Fed Exit Plan May Be Redrawn as Assets Near $3 Trillion (BBG)... make that $5 trillion this time in 2014
  • Level Global, SAC Fund Managers Ruled Co-Conspirators (BBG)
  • Egypt demonstrators reject Mursi call for dialogue (Reuters)
  • Japanese Dealerships in China Retrench in Wake of Dispute (BBG)
  • Apparel factory fire reveals big brands' shadowy supply chainsa (Reuters)
  • Republican Defectors Weigh Deal on Tax-Rate Increase (BBG)
 


Tyler Durden's picture

Gun Pulled After Man Jumps Texas Sears Black Friday Line





Because only in America are people ready to kill each other for things they don't need and can't afford, after spending the day before being "grateful" for things they already have.

 


Tyler Durden's picture

Frontrunning: November 16





  • Israel Mobilizes Troops as Hostilities Escalate (WSJ)
  • FHA Sets Stage for Taxpayer Subsidy With 2012 Deficit (Bloomberg)
  • On eve of fiscal cliff talks, positions harden (Reuters)
  • Japan PM Noda contradicts challenger Abe on BOJ (Reuters)
  • Regulators cut JPMorgan's ability to trade power (Reuters)
  • EU Should Reach Agreement on Greek Aid Next Week, Grilli Says (BBG)
  • Moscovici rejects talk of French crisis (FT)
  • Egypt Urges Push for Gaza Peace as Rockets Hit Israel (BBG)
  • Leading Japan politicians draw election battle lines (Reuters)
  • Fed Push to Tie Zero-Rate to Economic Goals Faces Doubts (BBG)
  • China’s commerce minister voted out in rare congress snub (Reuters)
  • China’s new leaders could have reform thrust upon them (Reuters)
  • Both Sides of Gaza Border Brace for Further Conflict (WSJ)
  • Fed Sees Hurdles in Housing Rebound (Hilsenrath)
  • The Complete 2012 Business Schools Ranking (Bloomberg)
 


Tyler Durden's picture

Frontrunning: September 27





  • Madrid Protesters March Again as Spain Braces for Cuts (Bloomberg)
  • Euro Can Bear Fewer Members as Czech Leader Calls Greeks Victims (Bloomberg)
  • Chinese Industrial Profits Fall 6.2% in Fifth Straight Drop (Bloomberg)
  • China pours $58bn into money markets (FT)
  • Beijing vows more measures on Diaoyu Islands (China Daily)
  • Noda vows no compromise as Japan, China dig in on islands row (Reuters)
  • Politico’s Paul Ryan Satire: The Joke’s on Them (Bloomberg)
  • Electoral Drama Shifts to Ohio (WSJ)
  • German opposition party targets banks (FT)
  • Fed action triggers fear of new currency wars (FT)
  • Ex-Credit Suisse CDO Boss Serageldin Is Arrested in U.K. (Bloomberg)
  • Romney ‘I Dig It’ Trust Gives Heirs Triple Benefit (Bloomberg)
 


Tyler Durden's picture

Guest Post: The Inevitable Decline Of Retail





Retail has long been a source of both low-skill entry-level jobs and well-paid careers. Yes, people love to browse and stroll down the mall or shopping district, and this social/novelty function will continue. But can retailers make money off of people browsing? If retail contracts, what does this do to skyhigh commercial property valuations? The same can be asked of cubicle-farm office parks. As telecommuting and contract labor expand, the need for energy-wasting office parks and long commutes will also decline. Technology cannot be stopped, and neither can the drive to cut costs by cutting what can be cut, labor. We can legislate certain aspects of how technology is used, and fiddle with tax incentives and trade restrictions, but we cannot make people drive somewhere to go shopping or stop the 3-D printing/fabrication revolution. What all this calls into question is the entire financialization (debt-based)-consumerist model of "growth" and employment. Decades ago, young men were employed to pump gasoline at gas stations; these jobs all went away as self-service fueling became the norm. At least one state (Oregon, I believe) mandates that all gasoline is pumped by an employee of the station. This rule has created hundreds of jobs that are not necessary in terms of market-demand but that are certainly welcome.

 


Tyler Durden's picture

Guest Post: Are You Seeing What I'm Seeing?





Connecting the dots between my anecdotal observations of suburbia and a critical review of the true non-manipulated data bestows me with a not optimistic outlook for the coming decade. Is what I’m seeing just the view of a pessimist, or are you seeing the same thing? A few powerful men have hijacked our economic, financial and political structure. They aren’t socialists or capitalists. They’re criminals. They created the culture of materialism, greed and debt, sustained by prodigious levels of media propaganda. Our culture has been led to believe that debt financed consumption over morality and justice is the path to success. In reality, we’ve condemned ourselves to a slow painful death spiral of debasement and despair.

“A culture that does not grasp the vital interplay between morality and power, which mistakes management techniques for wisdom, and fails to understand that the measure of a civilization is its compassion, not its speed or ability to consume, condemns itself to death.” – Chris Hedges

 


Tyler Durden's picture

Frontrunning: August 6





  • Monti Warns of Euro Breakup as Tussle Over Spain Aid Hardens (Businessweek)
  • Italy doesn't need German cash, Monti tells Germans (Reuters) - at least we know who needs whose cash...
  • Spain has time to Wait for Clarity on EU Aid -Econ Min (Reuters) - which came first: the Spanish bailout request or the denial to need a Bailout request? Ask the Spanish 2 year...
  • Bundesbank Weidmann’s opposition to a proposed new wave of ECB bond purchases has support of Merkel’s CDU - Volker Kauder
  • China media tell U.S. to "shut up" over South China Sea tensions (Reuters)
  • Top Chinese Leaders Gather in Annual Summer Conclave (WSJ)
  • Greece Agrees With Troika on Need to Strengthen Policy (Bloomberg)
  • Coeure Says ECB Should Look at Getting Loans Into Real Economy (Bloomberg)
  • Italy Central Banker Sees Potential Rate Cut as Euro Economy Slows (WSJ)
  • A Dose of Dr. Draghi's 'Whatever It Takes' (WSJ)
  • Greek bank head sent savings abroad (FT)
 


Tyler Durden's picture

Frontrunning: July 19





  • U.S drought wilts crops as officials pray for rain (Reuters)
  • Obama backs aid for drought farmers (FT)
  • Greek leaders identify two-thirds of spending cuts (FT)
  • Central bankers eyeing whether Libor needs scrapping (Reuters)
  • Markets Face a Life Sentence of Hard Libor (WSJ)
  • World Bank chief warns no region immune to Europe crisis (Reuters)
  • China big four banks' new loans double in early July (Reuters)
  • Nokia Loss Widens as Smartphone Sales Slump (WSJ)
  • Bundesbank Expected To Buy Australian Dollars In 3Q (WSJ)
 


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