The only reason this bond bubble exists isn`t due to the lower price of oil, it is directly a result of too much cheap liquidity via ridiculously low interest rates by central banks.
Thousands Of Protesters Swarm Washington, NYC: "Don't Expect To See Obama Here, Black Issues Don't Matter To Him"Submitted by Tyler Durden on 12/13/2014 13:12 -0500
Those planning on visiting (or merely driving around) Washington or New York City today may want to consider a plan B. As Reuters reports, "thousands of demonstrators were expected in Washington and New York on Saturday to protest the killings of unarmed black men by U.S. police and to urge Congress to protect citizens. Organizers said the protests would be among the largest over police tactics and the killings of black males by officers in New York, Cleveland and Ferguson, Missouri. “It’s open season on black people now,” New York march co-organizer Umaara Elliott said in a statement. “So we demand that action be taken at every level of government to ensure that these racist killings by the police cease.”
While the price of oil is plunging, other price components are spiking higher...
All London Airspace Closed Due To Computer "Power Outage"; Update: Airspace Now Reopened With LimitsSubmitted by Tyler Durden on 12/12/2014 10:24 -0500
Sometimes I wish I could just passively accept what my government monarchs and their mainstream media mouthpieces feed me on a daily basis. Why do I have to question everything I’m told? Life would be much simpler and I could concentrate on more important things like the size of Kim Kardashian’s ass... The willfully ignorant masses, dumbed down by government education, lured into obesity by corporate toxic packaged sludge disguised as food products, manipulated, controlled and molded by an unseen governing class of rich men, and kept docile through never ending corporate media propaganda, are nothing but pawns to the arrogant sociopathic pricks pulling the wires in this corporate fascist empire of debt.
Remember yesterday? When talking heads proclaimed the lows were in and due to the strength of energy stocks, this must mean the worst is over? And remember we - quietly - showed the massive divergence between crashing energy credit markets and the stocks on the day...? Well guess who was right?
But the market acts deaf, dumb and blind...
Amid the collapse of the global carry trade, no nation on earth has benefited more (and is now suffering more) from the dash-for-trash, buy-the-pig-sty trade than Greek stocks and bonds. Combining carry unwinds with uncertainty over snap Presidential elections (which could usher in a left-wing anti-EU party into power) and a 'technical-only' extension of its handouts from Troika and Greek capital markets are in freefalll. The Athens Stock Index is down over 11% on the day, destroying 3 weeks of gains; the Greek 3Y bond price has collapsed (as the carry-traders pile out through small doors) inverting the yield curve - never a good sign.
- China’s Stocks Sink Most Since 2009 as Turnover Jumps to Record (BBG)
- Greek Stocks, Bonds Tumble (WSJ)
- China tightens LGFV funding screws (BBG)
- Crude Rebounds From Five-Year Low Amid Shale-Oil Spending Curbs (BBG)
- Sexual threats, other CIA methods detailed in Senate report (Reuters)
- U.S. Takes Security Precautions Overseas Ahead of CIA Report (WSJ)
- Light-Speed Treasury Trading Governed by Rules Dating to 1998 (BBG)
- Delhi to ban all internet taxi firms after Uber rape claim (Reuters)
- Supreme Group Fined $389 Million for Overcharging Pentagon (WSJ)
Protesters Swarm Celebrity-Studded Barclays Center Where A Cop Just Pepper Sprayed Himself By Mistake: Live FeedSubmitted by Tyler Durden on 12/08/2014 21:34 -0500
Tonight, the Barclays Center in Brooklyn, where the Nets and the Cavaliers are playing, has devolved from the hippest venue for US and UK "royalty", to the scene of the latest Eric Garner protest, to a mobbing of a local Target store, to confrontations between protesters and police, to the outright farcical, when moments ago a NYPD cop pepper-sprayed himself by mistake and had to get EMS treatment. Watch it all unfold live and uncensored.
The last time Israel ignored Syrian sovereignty and attacked Bashar al Assad's nation without fear of reprisals was in the spring of 2013, when the US was eager to launch an all out war, and tear apart the last country that stood in the path of the Qatari natural gas pipeline to Europe. As a result of last minute Russian intervention, the war was avoided in the last summer, but not before Syria had declared Israel's attack An "Act Of War.' Moments ago, following a year and a half hiatus, Israel, which had not made many headlines on the geopolitical arena in recent months, launched another bomb raid on Syria, and as AP reports, Israeli warplanes carried out two airstrikes Sunday near Damascus, one near the city's international airport and a second outside a town close to the Lebanese border, Syria's state news agency said.
A different view on a tough market...