Submitted by Tyler Durden on 03/15/2016 - 08:03
Moments ago Jefferies, which is still on the investment banking cycle of reporting where its earnings (and in this case, losses) arrive one month ahead of the other banks, and as such is a good bellwether into overall Wall Street revenue trends, reported an absolute disaster of a quarter, its worst since the financial crisis.
When Ackman Gets A Valeant Margin Call Today, This Is What He Will Sell
Submitted by Tyler Durden on 03/15/2016 - 09:35 With Valeant in free-fall this morning, collapsing well over 20% after surprising Wall Street with the magnitude of its guidance cut and its simply atrocious results now that the rollup strategy has well and truly blown up, we thought it worth revisiting just what else Bill Ackman will have left to liquidate to meet margin calls on his core biotech holding as it collapses to its lowest since 2012.
Bank of America Throws In The Towel: "Clients Don’t Believe The Rally, Continue To Sell Stocks"
Submitted by Tyler Durden on 03/15/2016 - 09:29 "Last week, during which the S&P 500 climbed 1.1%, BofAML clients were net sellers of US stocks for the seventh consecutive week. Net sales of $3.7bn were the largest since September and led by institutional clients where net sales by this group were the second-largest in our data history."
Why Our Financial System Is Like The Titanic
Submitted by Tyler Durden on 03/15/2016 - 09:04 The "unsinkable" global financial system is rushing headlong toward its encounter with the iceberg, while the passengers and crew remain supremely confident and unaware of the risks, risks that will only become "obvious" after the global financial system has broken in half and sunk to the bottom, destroying most of those who believed it unsinkable.
Empire Fed Miraculously Surges By The Most Since 2010 Despite Continued Job Contraction
Submitted by Tyler Durden on 03/15/2016 - 08:51 Sure why not. Against expectations of a -10.5 print, Empire Fed Manufacturing spiked from -16.64 (7 year lows) to 0.62 (8-month highs). This is the biggest MoM rise since Dec 2010 as New Orders and Shipments miraculously surged to 18 month highs (hhmm?). Hope jumped to 3 month highs but what is odd about this unequivocally good print is that number of employees dropped once again (its 7th month of contraction) as did Prices Received.
Retail Sales Suffer Biggest 2-Month Drop In A Year After Huge Negative Revision
Submitted by Tyler Durden on 03/15/2016 - 08:42 Thanks to dramatic downward revisions (from "resilient" historical data which we pointed out were entirely anomalous at the time) retail sales have dropped 0.54% in the last two months - the biggest sequential drop in a year. While the YoY change rose from +3.0% to +3.1%, it remains below historically-recessionary levels and given the revisions suggests Q1 GDP growth markdowns are on their way with sales down MoM for every cohort from gas stations to furniture.
from The Burning Platform:
The inability to predict outliers implies the inability to predict the course of history”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
“I know that history is going to be dominated by an improbable event, I just don’t know what that event will be.” ― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
Nassim Taleb is a prickly arrogant SOB who doesn’t give a crap what intellectuals, academics, and other establishment elitists think about him. He has an Ivy league MBA, but despises everything about the curriculum of Ivy League MBA programs. He has a PhD, but scorns academics and their worship of theories and models. He enjoys poking holes in the storylines of the propaganda spewing corporate media. He glories in ridiculing the predictions of captured “experts” mouthing the talking points of whichever corporate interest is paying them blood money.
Read More
The inability to predict outliers implies the inability to predict the course of history”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
“I know that history is going to be dominated by an improbable event, I just don’t know what that event will be.” ― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
Nassim Taleb is a prickly arrogant SOB who doesn’t give a crap what intellectuals, academics, and other establishment elitists think about him. He has an Ivy league MBA, but despises everything about the curriculum of Ivy League MBA programs. He has a PhD, but scorns academics and their worship of theories and models. He enjoys poking holes in the storylines of the propaganda spewing corporate media. He glories in ridiculing the predictions of captured “experts” mouthing the talking points of whichever corporate interest is paying them blood money.
Read More
Caught On Tape: Sarah Palin Goes Crazy On "Punk-Ass Thuggery" At Trump Rallies
Submitted by Tyler Durden on 03/15/2016 - 08:20 "And what we don't have time for is all that petty punk-ass little thuggery stuff that's been going on with these quote, unquote protesters who are doing nothing but wasting your time and trying to take away your First Amendment rights -- your rights to assemble peacefully,"
from CraigsLists/Chicago:
Make Equality Happen Now. Join Our Campaign for Progress
Canvass Director and Assistant Director Job Descriptions
We’ve seen enormous progress over the last seven years, from the largest expansion of healthcare access in over 100 years to marriage equality being the law of the land in all 50 states.
However, there’s still a lot to do, and we have an uphill fight in front of us.
The Republican and Conservative agenda is threatening to turn back the clock on women’s reproductive rights. If their extremist candidates are elected this November, we can expect more racist, anti-immigrant policy, more laws aimed at making it harder for poor people and minorities to vote, and a halt to meaningful attempts to curb global climate change.
© craigslist – Map data © OpenStreetMap
Make Equality Happen Now. Join Our Campaign for Progress
Canvass Director and Assistant Director Job DescriptionsWe’ve seen enormous progress over the last seven years, from the largest expansion of healthcare access in over 100 years to marriage equality being the law of the land in all 50 states.
However, there’s still a lot to do, and we have an uphill fight in front of us.
The Republican and Conservative agenda is threatening to turn back the clock on women’s reproductive rights. If their extremist candidates are elected this November, we can expect more racist, anti-immigrant policy, more laws aimed at making it harder for poor people and minorities to vote, and a halt to meaningful attempts to curb global climate change.
© craigslist – Map data © OpenStreetMap
compensation: Salary + Healthcare + Benefits
employment type: full-time
Read Moreemployment type: full-time
by Cognitive Dissonance, Two Ice Floes.com:
We all begin with assumptions, though most of us think of them as truths. Mention the name Donald Trump in a crowded room and you will be on the receiving end of a boat load of opinions; all formed with the benefit of assumptions and preconceived notions customized to each individual’s point of view of how the ‘system’ (aka The Empire) works.
While our ego leads us to believe our ‘opinion’ is based upon logic, critical thinking and factual evidence, the reality is just the opposite. Opinions are often little more than (firm) beliefs dressed up in pretty clothes in order to legitimize and affirm us. Just as clothes ‘make’ the man, so to does his opinions.
And everyone has an opinion on Donald Trump.
Read More…
We all begin with assumptions, though most of us think of them as truths. Mention the name Donald Trump in a crowded room and you will be on the receiving end of a boat load of opinions; all formed with the benefit of assumptions and preconceived notions customized to each individual’s point of view of how the ‘system’ (aka The Empire) works.
While our ego leads us to believe our ‘opinion’ is based upon logic, critical thinking and factual evidence, the reality is just the opposite. Opinions are often little more than (firm) beliefs dressed up in pretty clothes in order to legitimize and affirm us. Just as clothes ‘make’ the man, so to does his opinions.
And everyone has an opinion on Donald Trump.
Read More…
"We Can Always Come Back": Video Shows Beginning Of Russia's Withdrawal From Syria
Submitted by Tyler Durden on 03/15/2016 - 07:31 Putin came, saw, and conquered and now he's sending the warplanes home. But if peace talks fail, hostillities resume, and the rebels regain the upperhand, nothing says he won't come knocking down the doors again.
by Kevin McCandless, CNSnews:
Campaigners
for Britain to leave the European Union reacted furiously on Monday to
reports that President Obama will use a visit to England to urge the
British to remain a member.
Citing sources in the British government, the Independent on Sunday reported that Obama plans to visit the United Kingdom after visiting Germany in the last week of April.
The paper quoted an official in Prime Minister David Cameron’s office as saying that, during the planned visit, “it would be pretty shocking if he didn’t ask voters to stay in the E.U.”
Voters in Britain are scheduled to vote in a hotly contested referendum on June 23 on whether or not to leave the political-economic union of 28 states.
Read More
Campaigners
for Britain to leave the European Union reacted furiously on Monday to
reports that President Obama will use a visit to England to urge the
British to remain a member.Citing sources in the British government, the Independent on Sunday reported that Obama plans to visit the United Kingdom after visiting Germany in the last week of April.
The paper quoted an official in Prime Minister David Cameron’s office as saying that, during the planned visit, “it would be pretty shocking if he didn’t ask voters to stay in the E.U.”
Voters in Britain are scheduled to vote in a hotly contested referendum on June 23 on whether or not to leave the political-economic union of 28 states.
Read More
Frontrunning: March 15
- Bank of Japan Holds Fire on Stimulus, Negative Rate Unchanged (BBG)
- Donald Trump Aims for a Knockout in Tuesday Primaries (WSJ)
- Global Stocks Fall on Commodities Decline, Ahead of Fed Meeting (WSJ)
- Oil prices fall as clouds gather over supply picture (Reuters)
- Many Shale Companies Are Unable to Ramp Up Oil Output (WSJ)
Bear Market Rally Fizzles: Global Stocks Down On BOJ Disappointment; Oil Slides For 2nd Day
Was that it for the great February/March bear market rally?
Car Bomb Explodes In Berlin, One Killed
Submitted by Tyler Durden on 03/15/2016 - 06:16 The driver of a Volkswagen is dead on Tuesday in Berlin after a car bomb exploded, apparently while the vehicle was in motion.Prescription Painkiller Crisis: Why Do Americans Consume 80 Percent Of All Prescription Painkillers?
by Michael Snyder, The Economic Collapse Blog:
If Americans are so happy, then why do we consume 80 percent of the entire global supply of prescription painkillers? Less than 5 percent of the world’s population lives in this country, and yet we buy four-fifths of these highly addictive drugs. In the United States today, approximately 4.7 million Americans are addicted to prescription pain relievers, and that represents about a 300 percent increase since 1999. If you personally know someone that is suffering from this addiction, then you probably already know how immensely destructive these drugs can be. Someone that was formally living a very healthy and normal life can be reduced to a total basket case within a matter of weeks.
Read More
If Americans are so happy, then why do we consume 80 percent of the entire global supply of prescription painkillers? Less than 5 percent of the world’s population lives in this country, and yet we buy four-fifths of these highly addictive drugs. In the United States today, approximately 4.7 million Americans are addicted to prescription pain relievers, and that represents about a 300 percent increase since 1999. If you personally know someone that is suffering from this addiction, then you probably already know how immensely destructive these drugs can be. Someone that was formally living a very healthy and normal life can be reduced to a total basket case within a matter of weeks.
Read More
by Jeff Nielson, Bullion Bulls:
For several years; readers have seen a steady stream of articles which chronicled and explained the One Bank’s
multiple attempts to attack the mammoth gold market of India. These
attempts have ranged from the diabolical to the merely comical.
Indeed, one of the “comical” aspects as these financial Wile E. Coyotes continue targeting India’s gold market, and continue to miss-the-mark is that they have caused Indians to buy a lot more silver. Starting in 2013; the One Bank’s ill-fated gold embargo led immediately to India setting a new, all-time record for silver imports – certainly not what the banksters had intended.
On the other hand, there was no visible consternation emanating from this crime syndicate, even with India importing silver at the massive rate of well over 5,000 tonnes per year.
image: Halton House, a Rothschild family mansion in Buckinghamshire, England
Read More
For several years; readers have seen a steady stream of articles which chronicled and explained the One Bank’s
multiple attempts to attack the mammoth gold market of India. These
attempts have ranged from the diabolical to the merely comical.Indeed, one of the “comical” aspects as these financial Wile E. Coyotes continue targeting India’s gold market, and continue to miss-the-mark is that they have caused Indians to buy a lot more silver. Starting in 2013; the One Bank’s ill-fated gold embargo led immediately to India setting a new, all-time record for silver imports – certainly not what the banksters had intended.
On the other hand, there was no visible consternation emanating from this crime syndicate, even with India importing silver at the massive rate of well over 5,000 tonnes per year.
image: Halton House, a Rothschild family mansion in Buckinghamshire, England
Read More
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,244.40 down $14.30 (comex closing time)
Silver 15.52 down 9 cents
In the access market 5:15 pm
Gold $1235.30
silver: 15.36
At closing today, we have the following observations to bring to your attention:
Read More
Good evening Ladies and Gentlemen:Gold: $1,244.40 down $14.30 (comex closing time)
Silver 15.52 down 9 cents
In the access market 5:15 pm
Gold $1235.30
silver: 15.36
At closing today, we have the following observations to bring to your attention:
Read More
by Mac Slavo, SHTFPlan:
Survival is all about blending in.
If you stand out, you could become like the unhammered nail, begging for unwanted attention.
Whether you are carrying concealed or attempting to negotiate your way through a post-apocalyptic SHTF scenario, take notice that you don’t appear “militaristic” or tactical, as it will work against you.
Read More
Survival is all about blending in.
If you stand out, you could become like the unhammered nail, begging for unwanted attention.
Whether you are carrying concealed or attempting to negotiate your way through a post-apocalyptic SHTF scenario, take notice that you don’t appear “militaristic” or tactical, as it will work against you.
Read More
by Ken Tumin, Deposit Accounts:
The first bank failure of 2016 occurred last Friday. North Milwaukee
State Bank in Wisconsin was closed by state regulators, and the FDIC
arranged for First-Citizens Bank & Trust Company of North Carolina
to assume all of the deposits. North Milwaukee State Bank was small with
only two branches and with only $61.5 million in deposits.
Bank failures have become rare. The last bank to fail was on October 2, 2015 which was over five months ago. Last year only eight banks failed. If the trend continues, we will probably only see around two bank closures per quarter. A few years ago, it was rare to go through a month without a bank closure. In fact, there were months in 2010 with over ten failures.
Read More
The first bank failure of 2016 occurred last Friday. North Milwaukee
State Bank in Wisconsin was closed by state regulators, and the FDIC
arranged for First-Citizens Bank & Trust Company of North Carolina
to assume all of the deposits. North Milwaukee State Bank was small with
only two branches and with only $61.5 million in deposits.Bank failures have become rare. The last bank to fail was on October 2, 2015 which was over five months ago. Last year only eight banks failed. If the trend continues, we will probably only see around two bank closures per quarter. A few years ago, it was rare to go through a month without a bank closure. In fact, there were months in 2010 with over ten failures.
Read More
by Jeff Nielson, Bullion Bulls:
I rarely bother to make any note at all of the “calls” made by the Big
Banks, on precious metals markets, or any others. However, sometimes the
nonsense which emanates from these fraud-factories is so extreme and
absurd that it requires some sort of acknowledgment (i.e. condemnation).
This is one of those cases.
Let’s begin with a brief review of bond-market fundamentals. By now, most people here should know the basic equation of all bond markets: bond prices and bond interest rates are the direct inverse of each other. In other words, when interest rates rise, bond prices fall. When bond prices rise, it means the “yield” (i.e. interest rate) has fallen.
Read More
I rarely bother to make any note at all of the “calls” made by the Big
Banks, on precious metals markets, or any others. However, sometimes the
nonsense which emanates from these fraud-factories is so extreme and
absurd that it requires some sort of acknowledgment (i.e. condemnation).
This is one of those cases.Let’s begin with a brief review of bond-market fundamentals. By now, most people here should know the basic equation of all bond markets: bond prices and bond interest rates are the direct inverse of each other. In other words, when interest rates rise, bond prices fall. When bond prices rise, it means the “yield” (i.e. interest rate) has fallen.
Read More
/
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_svJCGI6uN51WNNtvQZ-jibhr4ZLPCKTeH7ByNIovhTux-otFxqwVhtP2kP9Do7k7Y1mXtV8-Ho5WsAASptudNmde4HIXXf86LqnIXlZqb0-bSU76-BloN0eHl2K9oWi6fcDQ=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sG46VWcotQlU36Kyh-kPFZiexvAisnZXhcdZJdDV7JgNqugRMHQ2lK1pMsuKdbK1pQhkPeDix9eNf-XJ38oIMAwSOqDWQklOXyTy5RmvyH1HureflK0u71PCzczaRall6E8qbr=s0-d)
No comments:
Post a Comment