Late-Day Buying Panic Keeps Stocks Green For 2016 After Fed Shock

Submitted by Tyler Durden on 05/18/2016 - 16:03

How Safe Are Top US Banks?

by Simon Black, Sovereign Man:
Recently I was having drinks with a friend of mine who is an ultra-successful US real estate developer and investor.
He told me that his team had just closed a large real estate transaction worth hundreds of millions of dollars, and they got a sweetheart deal from the bank.
The bank is loaning them almost all of the money at an interest rate of around 2%.
But it gets better.
If the Federal Reserve raises interest rates, he has the option of locking in the rate that he has now… so his interest rate will basically never go up.
But if the Federal Reserve lowers interest rates, the rate that he pays on the loan will go down.
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Wall Street Bonuses Predicted To Fall 20% In 2016

Submitted by Tyler Durden on 05/18/2016 - 17:00 Wall Street bonuses are predicted to fall across the board, according to estimates from compensation consultant Johnson Associates Inc. who warns that fixed income trading and investment bank underwriting will be hardest hit, estimating that bonuses for those roles will fall as much as 15 percent to 20 percent from last year.


filed under "White Trash"

No More Twofers - Why The Vaunted "Clinton Prosperity" Of The 1990s Is A Risible Myth

"...my husband, who I will put in charge of revitalizing the economy ’cause he knows what he’s doing."
Actually, he doesn’t. In truth, it was the doing of Alan Greenspan, and not in a good way.

Can You Solve This Riddle?

Submitted by Tyler Durden on 05/18/2016 - 16:35 If we are going to simply print money and hand it out with no expectation or means to pay it back, why would we not print enough to make everyone wealthy? Socialism is not about equality, quite the opposite. If it were, The ECB would be discussing limitless debit cards paid for by the Central Banks. Socialism is a mechanism to subsidize profits and cement control of the masses.

Caught On Tape: Feds Bust Biggest Ever Food Stamp Fraud In History

Submitted by Tyler Durden on 05/18/2016 - 15:50 In Operation Stampede, what is being called the largest food-stamp trafficking takedown in history in terms of financial loss, law enforcement agencies filed federal charges last week against 22 Florida store owners or operators, including one convenience-store owner, in connection with schemes to illegally redeem food-stamp benefits for cash. the defendants fraudulently obtained more than $13 million dollars in EBT deposits for transactions in which the stores did not provide food.

How Is This Not Criminal: Goldman Underwrites $2 Billion Tesla Stock Offering Hours After Upgrading Stock To A Buy

Submitted by Tyler Durden on 05/18/2016 - 16:16 Call it criminal deja vu, all over again: "Morgan Stanley and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, with Deutsche Bank Securities, Citibank, and BofA Merrill Lynch acting as additional book-running managers."

Trump Gains Ground On Hillary As Democratic Infighting Takes Its Toll

While all Hillary wants to do (aside from staying out of jail) is rid herself of Bernie Sanders so the campaign can turn its attention to Trump, Sanders doesn't appear to be ready for any of that just yet. According to The Hill, Sanders released a statement Tuesday in response to criticism of his supporters' behavior in Nevada calling the charges "nonsense", adding that the party either needs to embrace "people who are prepared to fight for real economic and social change, or choose to maintain its status quo structure and remain dependent on big-money campaign contributions."

Venezuelan Police Unleash Tear-Gas, Rubber Bullets Amid Violent Anti-Government Protests

Submitted by Tyler Durden on 05/18/2016 - 15:20 "The bread shops are empty...I'm close to robbing. This man [Maduro] has to fix things or he should go... It's best that others step in to govern -- but not those squalid bastards, not them either,"

FOMC Minutes Show Cornered Fed "Likely" To Hike Rates In June, Concerned Market Underpricing Risk Of Hike

Submitted by Tyler Durden on 05/18/2016 - 15:11 The supposedly dovish April FOMC statement - as global fears fell and turned domestically - has left bonds and bullion the winners and stocks the losers as investors lose faith in The Fed's forecast and economic promises. Today's FOMC meeting minutes suggest an increasingly cornered Fed will pull the trigger iun June with member disagreements brewing: MOST FED OFFICIALS SAW JUNE HIKE `LIKELY' IF ECONOMY WARRANTED; FED: RANGE OF VIEWS ON WHETHER DATA WOULD SUPPORT JUNE HIKE.  Of course, no matter what narrative the market perceives from these minutes, tomorrow's speeches by Dudley and Fischer (who has been conspicuously quiet recently) will likely give the biggest hint as to what happens next...

A Cash-Strapped Europe Will Tax Netflix

Submitted by Tyler Durden on 05/18/2016 - 14:59 The European Commission is looking to tax video streaming services such as Netflix and Amazon Prime to fund the production of European movies and TV programs Politico is reporting. In addition to the tax, at least 20% of their catalogs must be European productions. The proposals would also curb child viewing of ads for salty, fatty, sugary and alcohol products.

"The Peak Is Behind Us" - Silicon Valley Real Estate Bubble Has Now Also Burst

Submitted by Tyler Durden on 05/18/2016 - 14:49 Not long ago we pointed out that the second tech bubble had officially burst, and the extent of the layoffs is increasingly significant. It's taken a few months, but the economic slowdown and downshift in the once bustling Silicon Valley jobs front has now worked its way into the real estate market... "The seemingly inexhaustible well of very high-end buyers has proven exhaustible after all. The peak is behind us, and that's becoming clearer and clearer to builders and buyers"

Bill Gross Victory Lap: "So The Fed Sort Of Gets It..."

Submitted by Tyler Durden on 05/18/2016 - 14:33

Dollar Jumps, Stocks Slump As June Rate Hike Odds Soar After Fed Minutes

Submitted by Tyler Durden on 05/18/2016 - 14:17

Shocking Images Of Record Long Lines At US Airports

Submitted by Tyler Durden on 05/18/2016 - 14:05

The China-Panic Trade Is Back

Submitted by Tyler Durden on 05/18/2016 - 13:47 Once again the fears over China's slowdown, global growth faltering, and the fallacy of US analyst hockey sticks are biting at the ankles of fiction-peddling talking heads. With copper plunging and the USD Index resurgent, as Bloomberg's Mark Cudmore warns, the risk-aversion sparked by China in January is on course for an imminent replay...

The Surprising Decision Where To House Thousands Of Dutch Refugees: In Prison

Submitted by Tyler Durden on 05/18/2016 - 13:25

What You Missed In Lending Club's Shocking 10-Q

 Is it any wonder that this was buried on pg. 68?

Why One Trader Sees The S&P Plunging 500 Points

Submitted by Tyler Durden on 05/18/2016 - 12:49 A "technical red flag" looms according to Sven Henrich - better known to Zero Hedge readers as Northman Trader. "The technical target that I see would be 1,573 on the S&P," Henrich warns an anxious CNBC anchorette, adding that the S&P 500 must stay above the 2,025 to 2,030 range in order to keep the index from falling by nearly 500 points from current levels. "If we break below this level by the end of May, then stocks may actually indeed retest lows or break lower.."

WHAT A JOKE: Gold & Silver Gutted As FOMC Minutes Show Cornered Fed “Likely” To Hike Rates In June, Concerned Market Underpricing Risk Of Hike

from ZeroHedge:

The supposedly dovish April FOMC statement – as global fears fell and turned domestically – has left bonds and bullion the winners and stocks the losers as investors lose faith in The Fed’s forecast and economic promises. Today’s FOMC meeting minutes suggest an increasingly cornered Fed will pull the trigger iun June with member disagreements brewing: MOST FED OFFICIALS SAW JUNE HIKE `LIKELY’ IF ECONOMY WARRANTED; FED: RANGE OF VIEWS ON WHETHER DATA WOULD SUPPORT JUNE HIKE.  Of course, no matter what narrative the market perceives from these minutes, tomorrow’s speeches by Dudley and Fischer (who has been conspicuously quiet recently) will likely give the biggest hint as to what happens next…
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JFK Wanted Men on Moon, Obama Wants Men in Women’s Restroom

by Adan Salazar, Infowars:
Texas Governor Greg Abbott came out swinging Tuesday in regards to new public school bathroom regulations mandated from the federal level.
“JFK wanted to send a man to the moon. Obama wants to send a man to the women’s restroom. We must get our country back on track,” the outspoken legislator wrote on Twitter.
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Money Center Banks and Stricter Financial Oversight

from BATR:

Once again, the practices of the “Too Big to Fail” banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their “London Whale” demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.

“Word on the Street is that J.P. Morgan’s exposure is so large that it can’t dump these bad bets without affecting the market and losing even more money. And given its mammoth size and interlinked connections with every other financial institution, anything that shakes J.P. Morgan is likely to rock the rest of the Street.”

Since then, J.P. Morgan’s lobbyists and lawyers have done everything in their power to eviscerate the Volcker rule — creating exceptions, exemptions, and loopholes that effectively allow any big bank to go on doing most of the derivative trading it was doing before the near-meltdown.”
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British Spymaster Fears The EU Has “Run Its Historical Course”; Warns Of “Populist Uprising”

from ZeroHedge:
None other than the former head of MI6 (the British Secret Intelligence Service) Richard Dearlove expressed his quite candid thoughts on the immigration crisis, as well as the possibility of a British exit from the EU during a speech recently at the BBC. The speech is well worth the listen.
Here are some notable quotes from the speech as it relates to the immigration crisis. The former head of intelligence is quick to point out that despite what the public perception may be, the reality is that there are terrorists already among us.

“When massive social forces are at work, and mass migration is such a force, a whole government response is required, and a high degree of international cooperation.”
“In the real world, there are no miraculous James Bond style solutions. Simply shutting the door on migration is not an option. History tells us that human tides are irresistible, unless the gravitational pull that causes them is removed. Edward Gibbon elegantly charted how Rome, with all it’s civic and administrative sophistication and military prowess, could not stop its empire from being overrun by the mass movement of Europe’s tribes.”

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Billionaires Buy Gold as Stagflation Triggers Demand

from The Daily Bell:
Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold … George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp. -Bloomberg
The billionaires are buying gold.
George Soros has just invested in a gold producer, Barrick gold.
Soros is not alone. His former chief strategist Stan Druckenmiller has stated gold is now his largest currency holding. Druckenmiller’s big move regarding gold was partially in response to central bank initiated negative interest rates.
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Nurse Whistleblower: Hospitals Force Vaccinating Patients Without Their Knowledge

by Jefferey Jaxen, Zen Gardner:
The momentum, consciousness and continual discussion around truth and education related to vaccine injury has never been greater. Parents and communities have taken the initiative to find answers for their sons and daughters who’ve suffered severe adverse events from immunization.
Evaporating fast are the days of dead end solutions and pharmaceutical answers provided by mainstream medicine’s limited toolbox. Like an untamable ripple effect, this awakening has also encompassed the discussion around mandatory vaccination, lack of informed consent, pharmaceutical control of American healthcare and an overall lack of health freedom currently resting on a slippery slope.
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