Stocks Stumble As Fed Hawks Tamp Down Terror-Attack Exuberance

Submitted by Tyler Durden on 03/22/2016 - 16:04

First Picture Released Of Belgium Suicide Bombers

Submitted by Tyler Durden on 03/22/2016 - 12:21 La Dernière Heure has released what it says is the first picture of the three suspects in this morning's attack on the Brussels airport.

Only 4% From Record Highs?

Submitted by Tyler Durden on 03/22/2016 - 16:30 “There have been three great inventions since the beginning of time: fire, the wheel, and Central Banking.” – Will Rogers

Why Trump Is Right On Trade Agreements

Submitted by Tyler Durden on 03/22/2016 - 15:55 Free trade is a great concept, as are free markets and freedom.  The problem is none of these things exist in practice because they don’t provide sufficient advantages to the ruling class.  The Fed and HFT systems now dominate global markets, western nations systematically overthrow any (freely elected) foreign government that doesn’t bow down to them and free trade agreements are put in place to ensure investors maximize profits no matter what the costs to society.

ISIS Claims Responsibility For Brussels Terror Attacks That Killed Three Dozen

Submitted by Tyler Durden on 03/22/2016 - 15:35

Professional Protestor Inc.

 "Freedom" fighter?

Globus Medical’s Inside Job

Submitted by Tyler Durden on 03/22/2016 - 15:12 Last February spinal orthopedic device maker Globus Medical purchased Branch Medical Group, a key supplier and contract manufacturing operation based just three miles away from its Audubon, Pa. headquarters. The BMG deal was announced on the same day Globus released fourth quarter and 2014 earnings and little attention was paid to what looked like another instance of a high-profile, larger company merging with a small, privately-held one. But with a $52.9 million all cash price tag, the purchase of BMG was not so small for Globus, which had just reported $474 million in sales for the prior year.

"Western Tuesday" Begins: Republicans Bet The House On Utah To Stop Trump

Submitted by Tyler Durden on 03/22/2016 - 14:56

Another Bubble On The Verge Of Popping

Submitted by Tyler Durden on 03/22/2016 - 14:35 Termites start low and work their way up. By the time you notice them, it’s often already too late to save the place. All you can do is rebuild, start over. This analogy may be useful in terms of understanding what’s going on in the car business...

A Glimpse Of Things To Come: Canadian Oil Company Liquidates Hours After Bank Demands Repayment

Submitted by Tyler Durden on 03/22/2016 - 14:12 Slowly but surely Canadian oil and gas failures are starting to become a daily reality; failures such as that of Canadian junior oil and gas producer Terra Energy Corp which yesterday said it shut down production, ceased operations and announced the resignation of directors and officers on Monday, after its lender, Canadian Western Bank, demanded full repayment of its debt.

The Goals Of The Rule-Or-Ruin Republicans

Submitted by Tyler Durden on 03/22/2016 - 13:56 Whatever one may think of Donald Trump, his campaign has done us a service - exposing the underbelly of a decaying establishment whose repudiation by America’s silent majority is long overdue.

BofA Explains Why The ECB Will Be Forced To Buy Junk Bonds

Submitted by Tyler Durden on 03/22/2016 - 13:36 When judged against the BoJ, the ECB probably still has a ways to go before hitting the limits of central banker insanity and so, we think it's entirely possible that Draghi moves into HY next. But the reasons to believe the ECB will take the plunge into non-IG corporate credit go beyond the “MOAR is always better” line. As BofAML’s Barnaby Martin explains, the EU corporate sector’s penchant for bond buybacks may ultimately force Draghi further down the ratings ladder lest the ECB should end up entangled in tender offers or else find itself without enough debt to monetize.

The Current Oil Price Rally Is Reaching Its Limits

Submitted by Tyler Durden on 03/22/2016 - 13:21 Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase.

USDJPY 'Ignition' Lifts Dow 120 Points Off Terror Attack Lows

Submitted by Tyler Durden on 03/22/2016 - 13:02 It's not the economy stupid... it's USDJPY! When you absolutely need to maintain the narrative that the world is awesome, call Kuroda...

The High Yield Bond 'Emperor' Has No Clothes, BofA Warns 1 In 3 Firms Face Default Threat

Submitted by Tyler Durden on 03/22/2016 - 12:51 The market reaction from last week’s dovish FOMC statement took many by surprise, including BofAML's HY Strategy team, but as they say the High-Yield Emperor has no clothes, warning that the underlying commentary provided by Chair Yellen shows the vulnerability for high yield issuers to longer-term growth trends. Couple the deteriorating fundamentals for HY issuers with downgrades outpacing upgrades by a ratio of 3.5:1 and a worsening of global growth potential, and they believe the recent rally, though boosted by strong inflows and cash generation, will ultimately fade.

Europe Closes Green After 34 Murdered In Belgium Terror Attacks

Death, destruction, devastation... BTFD!!!!



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