“...parts of the U.S. jobs report for January seem fishy...”
Submitted by Tyler Durden on 02/06/2016 - 12:45 Instead of allocating capital to expensive tail risk bets on direct asset class collapse (in equities, credit, and commodities), it appears, just as we detailed previously, the 'smartest money in the room' is "betting" indirectly on a stock market crash through eurodollar options.
Submitted by Tyler Durden on 02/06/2016 - 21:20 “Their business is to take data and use that to underwrite risk. If you’re an investor in the loans on the platform, this creates a concern around that underwriting model.”
The day is finally here: the economic collapse is admitted.
There have been plenty of people warning of the perils ahead in the financial world. Of the inevitable crash of the system, and the terribly unstable factors that were coming together in a perfect storm.
But now those voices include major Wall Street players like Citi, Goldman Sachs and billionaire investors like Soros.
Their experts are now pointing to a triangulation of collapsing oil prices, recession and equity. There are other key factors, too, but all will combine to create a devastating climate for the American people. Indeed, the crisis would be felt globally as well.
That's what the government is most fearful of," said the factory owner, who did not want to be named.
Submitted by Tyler Durden on 02/06/2016 - 19:51 After "preparing" for over a week, moments ago at 00:31 UTC time, North Korea - which has failed to shock the world with some "news" for over a month when it tested a "hydrogen" bomb which according to experts was anything but - launched a long-range rocket which some say is being used as a cover for banned missile test. North Korea has called the launch an attempt to "peacefully launch a satellite." Japan, however, is not happy as according to initial reports, it flew over its airspace in proximity to Okinawa.
Submitted by Tyler Durden on 02/06/2016 - 19:00 While the rest of the world's bond yields are collapsing and prices soaring (as NIRP sweeps the globe), Ukraine's 'young' implicitly-US-taxpayer-backed bonds have plunged to record lows. The reason - aside from simply disturbing economics - is, as The FT reports, the dramatic resignation of the economy minister accusing a senior presidential ally of blocking his attempts to root out graft and stymieing his plans for reform. Abromavicius exclaimed, of the Washington-installed elite at Kiev's heart, "I realised there is an intention to unwind the process of making all of this transparent."
wish vote for...
Submitted by Tyler Durden on 02/06/2016 - 18:00 The idea that you can fix bad debt with more debt is as prevalent as the idea that the US economy can be binge hiring while careening into recession. What’s truly sad is that those two mistakes are really, at root, the same. The road ahead to real recovery and sustainable growth starts with “unlearning” monetarism. It is a huge task.
This will be investigated until all involved DIE...
"Folly For The Ages": After Buying Back 63 Million Shares At $83, Hess Just Sold 25 Million Shares At $39The bottom line: Hess just sold 25 million shares at a price of $39 after purchasing 63 million shares through 2015 at an average price that was more than double, or $83 share. As Reuters puts it, "this modern Hess era is a case study that should be required reading in boardrooms everywhere."
"They'll Return To Their Countries In A Wooden Coffin": Iran, Syria Warn Saudis, Turks Against Ground Troops"This will be like a coup de grace for them. Apparently, they see no other way but this, and if this is the case, then their fate is sealed.”
Submitted by Tyler Durden on 02/06/2016 - 14:39
Quite a few items I talk about in my latest book are happening as we speak.
There were two big news items after the closing bell Friday about the disruption at the exchanges:
1) Chinese Investors buying Chicago Stock Exchange
2) Six members Resign From London Metal Exchange
There will be many more shake-ups before this game is over. Chapter 5 of my book is called “Justice for Silver Investors” and here’s a section that covers the problems with the exchanges and how to fix them…
In the digital age of fast-travelling information, news simply flies. It is almost impossible to keep up with every little detail at once, which is why news needs constant updates to add unknown details which provide better perspective and context. These two characteristics are what ultimately provide readers a change to understand reality.
For the past six months, we have followed as many developments as possible about the scary Zika virus, which health authorities have identified as the culprit of a growing number of cases of microcephaly in South and Central America. In the last few weeks, people allegedly infected with Zika have appeared elsewhere.