Miller Tabak

Tyler Durden's picture

Auto Sales: Hype Versus Reality, You Decide





It was interesting this week to watch the media explode in a frenzy of reporting over the "stronger than expected" auto sales. The increase in auto sales to 16.9 million units was certainly a welcome number. However, was it really the "long awaited" sign of economic recovery that it was portrayed to be?

 
Tyler Durden's picture

Frontrunning: March 6





  • Spot the inaccuracies: Stocks rise on Ukraine diplomacy, ECB easing speculation (Reuters)
  • Bank of England Extends Record-Low Rates Into a Sixth Year (BBG)
  • China's Chaori Solar poised for landmark bond default (Reuters), explained here previously
  • EU leaders meet in Brussels to address Ukraine crisis (FT)
  • Nine-month-old baby may have been cured of HIV, U.S. scientists say (Reuters)
  • China Raises Defense Spending 12.2% for 2014 (WSJ)
  • China Stock Index Rises as Developers Jump on Policy Speculation (BBG)
  • VTB Cancels New York Forum as U.S. Relations Sour (BBG)
  • IBM workers strike in China over terms of Lenovo takeover (FT)
  • College Board Redesigns SAT Exam Making Essay Portion Optional (BBG)
 
Tyler Durden's picture

Frontrunning: February 6





  • Draghi as ECB Master of Suspense Keeps Investors on Edge (BBG)
  • Abe lays out detailed plan for expanding defense powers (Nikkei)
  • Inflation Fuels Crises in Two Latin Nations (WSJ)
  • Obama walks into crossfire of Asian tensions (FT)
  • Harvard Makes Professor Disclose More After Blinkx Slides (BBG)
  • Hedge Funds Rework Currency Positions in Market Drop (BBG)
  • Canada, U.S. Strike Tax-Information Sharing Deal (WSJ)
  • Indonesia calls for greater clarity from Fed on tapering (FT)
  • Sony to cut 5,000 jobs, split off PC, TV operations (Reuters)
 
Tyler Durden's picture

Frontrunning: January 31





  • Even Obama's fans has turning on him: "The Decline and Fall of 'Hope and Change'"
  • European Stocks Drop, Head for Worst January Since 2009 (BBG)
  • Euro-Area Inflation at 0.7% Builds Rate Pressure on ECB (BBG)
  • Japan’s Inflation Accelerates as Abe Seeks Wage Gains (BBG)
  • Unpossible - this is the USSA: Detroit Debt Proposal Favors Pension Funds (WSJ)
  • Keystone Report Said Likely to Disappoint Pipeline Foes (BBG)
  • YHOO still pretending someone cares about it: Yahoo says detected hacking attempt on email accounts (Reuters)
  • How Google's Costly Motorola Maneuver May Pay Off (WSJ)
  • Mexico Surpassing Japan as No. 2 Auto Exporter to U.S.  (BBG)
 
Tyler Durden's picture

Frontrunning: November 6





  • Christie Sets Himself Up for Run in 2016 (WSJ)
  • De Blasio Elected Next New York City Mayor in Landslide (WSJ)
  • Hilsenrath: Fed Study: Rate Peg Off Mark (WSJ)
  • MF Global Customers Will Recover All They Lost (NYT) - amazing what happens when you look under the rug
  • Virginia, Alabama Voter Choices Show Tea Party Declining (BBG)
  • Explosions kill 1, injure 8 in north China city (Reuters)
  • Toyota boosts full-year guidance as weak yen drives revenues (FT)
  • Starbucks wants to recruit 10,000 vets, spouses to its ranks (Reuters)
  • U.S. Economy Slack Justifies Stimulus, Top Fed Staff Papers Show (BBG)
  • Israel set to become major gas exporter (FT)
 
Tyler Durden's picture

When The "Market" Thinks The Taper Will Begin?





With the return of Federal Reserve Chair(wo)man odds at PaddyPower (leaving Summers a dreary 28% likelihood of winning) comes the Irish bettors' latest gamble... when will the US Fed initiate Tapering of QE? Based on the month during which the first reduction of QE bond-buying from the current $85bn per month, it seems (unlike the majority of prognosticators and standing blithely in the face of technical, political, and deficit reasons) that tapering will not begin until December at earliest with most believing 2014-or-later...

 
Tyler Durden's picture

Frontrunning: July 17





  • Bernanke Seeks to Divorce QE Tapering From Interest Rates (BBG)
  • China launches crackdown on pharmaceutical sector (Reuters)
  • Barclays, Traders Fined $487.9 Million by U.S. Regulator (BBG) - or a few days profit
  • Barclays to fight $453 million power fine in U.S. court (Reuters)
  • When an IPO fails, raise money privately: Ally Said to Weigh Raising $1 Billion to Pass Fed Stress Tests (BBG)
  • Bank of England signals retreat from quantitative easing (FT) ... Let's refresh on this headline in 6 months, shall we.
  • Russia's Putin puts U.S. ties above Snowden (Reuters)
  • Smartphone Upgrades Slow as 'Wow' Factor Fades (WSJ)
  • Snowden could leave Moscow airport in next few days (FT)
  • New Egypt government may promote welfare, not economic reform (Reuters)
 
Tyler Durden's picture

Frontrunning: May 15





  • Once a beacon, Obama under fire over civil liberties (Reuters)
  • Eurozone in longest recession since birth of currency bloc (FT)
  • EU Oil Manipulation Probe Shines Light on Platts Pricing Window (BBG)
  • BMWs Cheaper Than Hyundais in Korea as Tariffs Crumble (BBG)
  • Stock Boom Isn't a Bubble, Says BOJ's Kuroda (WSJ)
  • Struggling France strives to shake off economic gloom (FT)
  • JPMorgan investors take heat off Dimon (FT)
  • Private-Equity Firms Build Instead of Buy (WSJ)
  • Bloomberg Saga Highlights Clash Between Two Worlds (WSJ)
  • Bank documents portray Cyprus as Russia's favorite haven (Reuters)
  • HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan (BBG)
  • Argentines Hold More Than $50 Billion in U.S. Currency (BBG)
 
Tyler Durden's picture

Frontrunning: May 7





  • Microsoft prepares U-turn on Windows 8 (FT), Microsoft admits failure on Windows 8 (MW), After Bumpy Start, Microsoft Rethinks Windows 8 (NYT)
  • China reports four more bird flu deaths, toll rises to 31 (Reuters)
  • Republicans shift stance on US budget (FT)
  • NYC Tallest Condo Corridor Gets New Entrant With Steinway (BBG)
  • U.S. Says China's Government, Military Used Cyberespionage (WSJ)
  • China rejects Pentagon charges of military espionage (Reuters)
  • Bank of China Cuts Off North Korean Bank (WSJ)
  • Libya defense minister quits over siege of ministries by gunmen (Reuters)
  • London Recruiter Says City Job Vacancies Rose 19% (BBG)
  • Colleges Cut Prices by Providing More Financial Aid (WSJ)  or, said otherwise, loans
  • Jeweler agrees to plead guilty in KPMG insider-trading case (LA Times)
 
Tyler Durden's picture

Frontrunning: January 9





  • A Bold Dissenter at the Fed, Hoping His Doubts Are Wrong (NYT)
  • China and Japan step up drone race as tension builds over disputed islands (Guardian)
  • How Mario Draghi is reshaping Europe's central bank (Reuters)
  • Merkel Economy Shows Neglect as Sick Man Concern Returns (BBG)
  • US oil imports to fall to 25-year low (FT)
  • China Loan Share at Record Low Shows Financing Risks (BBG)
  • Dimon Says Some JPMorgan Execs ‘Acted Like Children’ on Loss (BBG) - children that reveleased who 'excess reserves' are truly used
  • Fed injects new sell-off risk into Treasuries (FT) - really? So the Fed will stop monetizing the US deficit some time soon?
  • Obama aide presses Republicans to accept more tax revenues (Reuters)
  • Ex-SAC analyst named 20 alleged insider traders (FT)
  • BOJ easing bets help dollar regain ground vs yen (Reuters)
  • Goldman Sachs Said to Be Part of Fed-Led Foreclosure Settlement (BBG)
  • Venezuela postpones inauguration for cancer-stricken Chavez (Reuters)
 
Tyler Durden's picture

Diamonds: Not A Girl's Best Friend





On the day when the 76.02-carat 'Archduke Joseph Diamond' sells for a record $21.5 million, we thought it intriguing how even these incredible high-end status symbols are seeing prices collapsing at the low-end...of the high-end. It seems the 'wealthy' just can't afford 1-carat diamonds anymore as the price has plunged by over 25% in the last 15 months. Perhaps it is only the 1% of the 1% that can now afford their baubles as like everywhere, there is a growing divide between the 'haves' and the 'have-mores' (in this case). Coincidentally, heading into the stock market slide of 2008, we saw Diamond prices plunge and Gold prices rise - but we are sure it's different this time...

 
Tyler Durden's picture

Frontrunning: October 23





  • Moody’s Cuts Ratings on Catalonia, Four Other Spanish Regions (Bloomberg)
  • And the market top: Billionaire Ross Interested in Buying Spanish Bank Assets (Bloomberg)
  • Japan Jojima denies govt seeks $250 bln BOJ asset buying boost (Reuters)
  • China hints at move to strengthen Communist rule (Reuters)... well everyone else is doing it
  • Euro-Area Bailout Fund Faces Challenge at EU’s Highest Court (Bloomberg)
  • Obama, Romney now tied in presidential race: Reuters/Ipsos poll (Reuters)
  • Former China Leader Jiang Resurfaces Before Political Transition (Bloomberg)
  • Some in Congress look to $55 billion fiscal cliff 'fallback' (Reuters)
  • CLOs stage comeback in US (FT)
  • TXU Teeters as Firms Reap $528 Million Fees (Bloomberg)
  • China’s Factories Losing Pricing Power in Earnings Threat (Bloomberg)
 
Tyler Durden's picture

David Rosenberg On The 'One-Trick Pony Market'





Global economic fundamentals are awful, bearish divergences are occurring everywhere, investor sentiment is nearing bullish extremes, political risks remain high and last week's market performance can be summed up in four words - 'lack of follow through'. As Gluskin Sheff's David Rosenberg explains, more than two-thirds of the rally points the stock market has enjoyed since the summer-time lows occurred around central bank policy announcements. So the market is really a one-trick pony here, breathing in the fumes of central bank liquidity. What was supposed to happen, as the elites told us, was that the lagging hedge funds were going to throw in the towel and chase this market. Everyone expects this to be a major source of buying power. At the same time, what if the bulls who lucked out this year because they hung onto Ben Bernanke's arm decide to take profits or at the least lock in their gains? CRitically, as Rosie details, QE3 is occurring at a different point in the cycle this time and insomuch as it helps invogorate already rising 'animal spirits' we suspect it has missed the baot.

 
Tyler Durden's picture

Frontrunning: September 18





  • Nothing has changed and things have just gotten worse: Europe Banks Fail to Cut as Draghi Loans Defer Deleverage (Bloomberg)
  • Mitt Romney secret video reveals views on Obama voters (BBC)
  • Romney Stands by Government-Dependent ‘Victims’ Remark (Bloomberg)
  • Video shows Libyans helping rescue U.S. ambassador after attack (Reuters)
  • Fannie Mae paid BofA premium to transfer soured loans-regulator (Reuters)
  • Northrop to shed nearly 600 jobs (LA Times)
  • LOLmarkets: Retail Currency Traders Turn to Algorithms (WSJ)
  • U.K. Royal Family Wins French Ruling on Kate Photos (Bloomberg)
  • Nevada recluse dies with $200 in bank, $7 million in gold at home (LA Times)
  • Gap Between Rich and Poor Grows in Germany (Spiegel)
  • Chicago teachers meet Tuesday to decide whether to end strike (Reuters)
  • Australia's Fortescue wins debt breather, shares soar (Reuters) ... a deal which ultimately will prime equity and unsecureds by $4.5 billion in secured debt
  • Ford car sales fall 29% in Europe (FT)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!