Warren Buffett
Don't Show This To Warren Buffett (Gold vs. The Financial System)
Submitted by Tyler Durden on 02/26/2015 18:50 -0500Warren Buffett once famously chided that all the gold in the world would form a cube of 67 feet (20 meters) on each side. In doing so, he was attempting to argue that there was no point in owning gold since all the gold in the world would be an unproductive, useless hunk of metal. What’s ironic (and completely lost on the venerable Mr. Buffett) is that you could make the same argument about the paper-based financial system.
If "Everything Is Awesome", Why The Alarms Over A Slight Rate Hike?
Submitted by Tyler Durden on 02/18/2015 12:09 -0500The fact that there is a debate about a quarter-point rate hike tells us that extraordinarily low interest rates have mostly failed to deliver a robust recovery. That people opposed to even the tiniest increase in rates are resorting to hyperbole tells us that they too know this. The thinking seems to be that six years into near-zero policy, the only reason it hasn’t worked is because it hasn’t been tried long enough. Meanwhile, the dangerous side effects of year after year of artificially low rates continue to grow.
Fourth Turning: The Shadow Of Crisis Has Not Passed - Part 4
Submitted by Tyler Durden on 02/13/2015 21:15 -0500The world has begun to devolve into two distinct factions. The imperialist actions of the American Empire in the Middle East and Ukraine have pushed Russia, China, India, Brazil, and Iran closer together regarding trade deals; transacting commerce without using the USD; oil and gas pipelines; and military cooperation. Totalitarian regimes are known for using foreign threats to distract the populace from domestic suffering. As a matter of fact, all regimes use this tactic. When the global economy rips apart at the seams due to the debt saturation, world leaders will attempt to blame other countries for their dire circumstances. Foreign enemies are good for business. Ask our Nobel Peace Prize winning President. War is inevitable.
Frontrunning: February 9
Submitted by Tyler Durden on 02/09/2015 07:28 -0500- Afghanistan
- B+
- Bank of England
- Barclays
- Berkshire Hathaway
- Cameco
- CBOE
- China
- Citigroup
- Comcast
- Credit Suisse
- Creditors
- Crude
- Department of Justice
- Deutsche Bank
- Dubai
- Federal Reserve
- Fitch
- Germany
- goldman sachs
- Goldman Sachs
- GOOG
- Italy
- Keefe
- Keycorp
- Lehman
- Market Conditions
- Merrill
- Miller Tabak
- Monetary Policy
- Morgan Stanley
- Motorola
- OPEC
- President Obama
- Private Equity
- Prudential
- Puerto Rico
- Regions Financial
- Reuters
- Saxo Bank
- Swiss Franc
- Time Warner
- Ukraine
- Warren Buffett
- Greek Risk Draws Global Concern on Lehman Echo Warnings (BBG)
- Merkel to urge caution in U.S. as pressure builds to arm Ukraine forces (Reuters)
- West Races to Defuse Ukraine Crisis (WSJ)
- German-French Push Yields Ukraine Summit Plan With Putin (BBG)
- Swiss Leaks lifts the veil on a secretive banking system (ICIJ)
- Italy Lenders Seen Cleansing Books Amid Bad-Bank Plans (BBG)
- G-20 Finance Chiefs Face Tough Test in Istanbul (WSJ)
- Demand for OPEC Crude Will Rise This Year, Says Group (WSJ)... or rather prays
- U.S. Banks Say Soaring Dollar Puts Them at Disadvantage (WSJ)
News That Matters
Submitted by Pivotfarm on 02/05/2015 12:10 -0500- Berkshire Hathaway
- BOE
- Bond
- Borrowing Costs
- China
- Copper
- Daimler
- Eurozone
- Federal Reserve
- Fitch
- Fox Business
- France
- GAAP
- George Papandreou
- Germany
- Greece
- Head and Shoulders
- headlines
- Italy
- Japan
- Market Sentiment
- Markit
- Monetary Policy
- ratings
- RBS
- Silvio Berlusconi
- Sovereign Debt
- Switzerland
- Ukraine
- Warren Buffett
ECB's Jazbec: QE Could End Sooner Than Sept. 2016
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The Fed Is Now Frontrunning Value Investors
Submitted by Tyler Durden on 01/30/2015 19:01 -0500The Fed has been supporting the market since the late 1980s. But there is an important difference between the actions of the Fed under Yellen versus Greenspan and Bernanke. In 2008, the Fed allowed Bear Stearns and Lehman Brothers to fail. Given the massive wipeout that followed, this decision is now viewed as a dangerous mistake. Having learned their lesson, the Fed is now rushing in to support the market in response to even routine 20% drops. In this way, the Fed is acting like a value investor who demands a small margin of safety before investing.... Since 2010, however, the Fed has changed tactics. The Fed is now reacting far more quickly. Small market selloffs are followed by immediate responses. By quickly riding to the rescue, the Fed is effectively front-running value investors.
Meet The Extreme Super Rich: A List Of The 80 People Who Own As Much As The World’s Poorest 3.6 Billion
Submitted by Tyler Durden on 01/28/2015 15:31 -0500"Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen." There you have it. The reason the wealth of the richest has doubled since 2009, is because “it’s not a recession, it’s a robbery.” Central bank and government policy has done this, it is no accident.
Even Warren Buffett Must Be Getting Concerned At This Market
Submitted by Tyler Durden on 01/12/2015 09:25 -0500Adjusting Warren Buffett's favorite indicator for 'the giant con that America is still enjoying growing economic prosperity - predicated on debt being the bridge between rising GDP and a declining economy' suggests today’s true market valuation is more than twice the previous all time high in 2000.
Frontrunning: January 6
Submitted by Tyler Durden on 01/06/2015 07:39 -0500- B+
- Barclays
- Berkshire Hathaway
- Black Friday
- Bond
- China
- Citigroup
- Credit Suisse
- Creditors
- Crude
- default
- Deutsche Bank
- European Central Bank
- FBI
- Florida
- Free Money
- General Electric
- Germany
- Global Economy
- goldman sachs
- Goldman Sachs
- Greece
- Iraq
- Japan
- Lloyds
- Markit
- Medicare
- Merrill
- Mexico
- Morgan Stanley
- Natural Gas
- Nielsen
- Nikkei
- Paul Tudor Jones
- Private Equity
- Quantitative Easing
- ratings
- RBS
- Reuters
- Royal Bank of Scotland
- Saudi Arabia
- Toyota
- Ukraine
- Verizon
- Wall Street Journal
- Warren Buffett
- Wells Fargo
- Average 10-year yield of U.S., Japan and Germany dropped below 1% for the first time ever: Free Money in Bond Markets Shows Global Economy Still Struggling (BBG)
- Brent falls below $52 as oil hits new five and a half year lows (Reuters)
- China Fast-Tracks $1 Trillion in Projects to Spur Growth (BBG)
- Saudi Arabia Raises Price of Main Oil Grade for Asian Buyers (BBG)
- Oilfield Writedowns Loom as Crude Slump Guts Drilling Values (BBG)
- Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead (BBG)
- CIA says its inspector general is resigning at end of month (Reuters)
- Pipeline IPOs Climb on Demand for Returns Immune to Oil (BBG)
- Natural Gas No Savior for Investors Seeking Oil Refuge (BBG)
- Euro zone economy ended 2014 in poor shape (Reuters)
The Annihilation Of The Middle Class: The Beginning Of The End For Modern America
Submitted by Tyler Durden on 12/30/2014 19:20 -0500Wealth inequality isn't just a political issue - it's a survival issue. When a society hits a certain level of economic disparity, it is set on a path towards destruction. It happened to the Roman Empire, and it will happen to the United States.
2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?
Submitted by Tyler Durden on 12/21/2014 13:53 -0500- Abenomics
- AIG
- Alan Greenspan
- Albert Edwards
- Ally Bank
- Andrew Cuomo
- Andrew Ross Sorkin
- Art Cashin
- B+
- Bain
- Bank of England
- Bank Run
- Barack Obama
- Barclays
- Barry Ritholtz
- Bear Stearns
- Belgium
- Ben Bernanke
- Ben Bernanke
- Berkshire Hathaway
- Bill Dudley
- Bill Gates
- Bill Gross
- Bitcoin
- Black Swan
- Blackrock
- Blythe Masters
- Boeing
- Bond
- Bulgaria
- CDO
- CDS
- Central Banks
- Charlie Munger
- Chelsea Clinton
- China
- Citigroup
- Cliff Asness
- Cohen
- Comcast
- Corruption
- Counterparties
- CRAP
- Credit Default Swaps
- Credit Suisse
- Creditors
- Darrell Issa
- default
- Dell
- Demographics
- Deutsche Bank
- Elizabeth Warren
- Enron
- Equity Markets
- Erste
- ETC
- European Union
- Fail
- Fannie Mae
- FBI
- Federal Reserve
- Financial Overhaul
- Fisher
- Ford
- Fox News
- Freddie Mac
- Freedom of Information Act
- GE Capital
- General Mills
- General Motors
- George Soros
- Germany
- Global Economy
- GMAC
- goldman sachs
- Goldman Sachs
- Government Motors
- Greece
- Gundlach
- Hank Paulson
- Hank Paulson
- headlines
- Hong Kong
- Housing Market
- Hungary
- Iceland
- Insider Trading
- Iran
- Iraq
- Italy
- Jamie Dimon
- Janet Yellen
- Japan
- Jim Chanos
- Joe Biden
- John Hussman
- John Maynard Keynes
- Jon Stewart
- Kappa Beta Phi
- Krugman
- Kyle Bass
- Kyle Bass
- Larry Summers
- LIBOR
- Ludwig von Mises
- Mark Spitznagel
- Market Conditions
- Martial Law
- Matt Taibbi
- Maynard Keynes
- McDonalds
- MF Global
- Michael Lewis
- Middle East
- Milton Friedman
- Monetary Policy
- Monetization
- Moral Hazard
- Morgan Stanley
- Nancy Pelosi
- NASDAQ
- Nassim Taleb
- national security
- NBC
- New Orleans
- New York Fed
- New York Times
- New Zealand
- Newspaper
- Niall Ferguson
- None
- Obama Administration
- Obamacare
- Paul Krugman
- Pension Crisis
- Peter Boockvar
- PIMCO
- President Obama
- Rahm Emanuel
- RBS
- Real estate
- Recession
- recovery
- Repo Market
- Reserve Currency
- Richard Fisher
- Robert Gates
- Ron Paul
- Salient
- Sam Zell
- Savings Rate
- Saxo Bank
- Scott Alvarez
- Securities Industry and Financial Markets Association
- Sergey Aleynikov
- Seth Klarman
- Shadow Banking
- Simon Johnson
- Sovereign Debt
- Sovereigns
- St Louis Fed
- St. Louis Fed
- Stephen Roach
- Stress Test
- Subprime Mortgages
- SWIFT
- Switzerland
- TARP
- Testimony
- The Onion
- Tim Geithner
- Timothy Geithner
- Trade Deficit
- Transparency
- Turkey
- Ukraine
- Unemployment
- Unemployment Insurance
- Universa Investments
- Uranium
- Verizon
- Vikings
- Vladimir Putin
- Warren Buffett
- Warsh
- White House
- WorldCom
- Yen
- Yuan
- Zurich
Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."
"I’m tired of being outraged!"
Things That Make You Go Hmmm... Like A 'Run' On The Gold 'Bank'
Submitted by Tyler Durden on 12/20/2014 18:15 -0500- Bank of England
- Barry Ritholtz
- Belgium
- BIS
- Brazil
- Carry Trade
- Central Banks
- China
- David Rosenberg
- Dennis Gartman
- Federal Reserve
- France
- Germany
- Hyperinflation
- Mexico
- Netherlands
- None
- Quantitative Easing
- Renminbi
- Reserve Currency
- Rosenberg
- Swiss National Bank
- Switzerland
- Unemployment
- Unemployment Benefits
- Warren Buffett
- Willem Buiter
Say what you want about the gold price languishing below $1200 (or not, as the case may be, after this week), and say what you want about the technical picture or the “6,000-year bubble,” as Citi’s Willem Buiter recently termed it; but know this: gold is an insurance policy — not a trading vehicle — and the time to assess gold is when people have a sudden need for insurance. When that day comes - and believe me, it’s coming - the price will be the very last thing that matters. It will be purely and simply a matter of securing possession - bubble or not - and at any price. That price will NOT be $1200. A “run” on the gold “bank” would undoubtedly lead to one of those Warren Buffett moments when a bunch of people are left standing naked on the shore. It is also a phenomenon which will begin quietly before suddenly exploding into life. If you listen very carefully, you can hear something happening...
5 Things To Ponder: Variegated Contemplations
Submitted by Tyler Durden on 12/19/2014 16:36 -0500Yes, it is that magical week leading up to Christmas and the subsequent low volume push into the new year. It is "magic time" as hopes are high that "Santa Claus" will come to WallStreet. "Ignoring valuation – ignoring risk – is a recipe for disappointment and is the thing that is most likely to lead investors to ruin"
Massive Volume "Panic Selling" Cuts Warren Buffett's Chinese Car Maker BYD In Half Overnight
Submitted by Tyler Durden on 12/18/2014 11:54 -0500For the second time in 2 days, a Chinese car maker's stock has been utterly devastated overnight - on absolutely no news. Shares in BYD - the Chinese electric car maker part-owned by Warren Buffett - crashed 47% in a bout of total panic selling (before recovering modestly), just a day after Geely - another car maker - crashed 22% on an earnings warning. The reason - perhaps unsurprising - given by some is worries over Mainland China IPOs "caused a liquidity squeeze," as the recent rally in mainland shares is led by leverage financing leading to major margin-calls on modest drops. Is it any wonder the PBOC is trying to tamp down the speculation.
Yes, It's Possible For A Gold-Backed Renminbi To Dethrone The US Dollar
Submitted by Tyler Durden on 12/15/2014 21:00 -0500"Mutually assured destruction" now best describes the uneasy stand-off between an increasingly indebted US government and an increasingly monetarily frustrated China. So here's a quiz: 1) Which country is the world’s largest sovereign miner of gold? 2. Which country doesn’t allow an ounce of that gold to be exported? 3. Which country has advised its citizenry to purchase gold? Three questions. One answer. In each case: China. Is it plausible that, at some point yet to be determined, a (largely gold-backed) renminbi will either dethrone the US dollar or co-exist alongside it in a new global currency regime?



