Frontrunning: September 11
Obama orders U.S. airstrikes in Syria against Islamic State (Reuters)Obama Relying on Mideast Allies to Counter Islamic State (BBG)Scotland Nationalists Claim U.K. Oil in 40-Year Campaign (BBG)Scottish...
View ArticleFrontrunning: September 16
Thank you market Chief Risk Officer Bernanke/Yellen: Calpers to Exit Hedge Funds, Divest $4 Billion Stake (BBG)World stocks hit one-month low, caution ahead of Fed (Reuters)U.S. Efforts to Build...
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Ukraine Currency Crashes To Record Low As IMF Blasts "Gross Abuses"
Despite celebrations of de-escalations and truce in US equity markets (by asset-gathering commission-takers), the situation continues to go from bad to worse in the nation almost forgotten now that...
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Subprime Is Back With A Vengeance
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Christopher Helin Franklin car on slope, San Francisco. 1920 A few days ago, I wrote an essay about how ECB head Mario Draghi seeks to...
View ArticleCEOs Darken Outlook, Slash Hiring and Cap-Ex Plans – Hope Now Focused on...
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichterThe word “gloomier” inconveniently showed up in a Reuters headline that described how the CEOs of the Business Roundtable – one of...
View ArticleFrontrunning: September 18
House votes to arm Syrian rebels (Reuters).... aka ISISFed Plots Cautious Course on Rate Rises (Hilsenrath)Scots vote in independence referendum to seal the United Kingdom's fate (Reuters)Yes or No,...
View ArticleShale Fracking Is a “Ponzi Scheme” … “This Decade’s Version of The Dotcom...
In 2011, the New York Times wrote:“Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company, wrote to a...
View ArticleFrontrunning: September 23
U.S., backed by Arabs, launches first strikes on fighters in Syria (Reuters, BBG)But not all all back: Turkey Bars Kurds From Entering Syria to Fight Islamic State (BBG)Dollar Weakens on Airstrikes;...
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Where Is Venezuela's 366 Tonnes Of Gold?
Where Is Venezuela's 366 Tonnes Of Gold?* Where is Venezuela's 366 tonnes of gold?* Does Venezuela still control and own unencumbered it’s own gold reserves?Former President Hugo Chavez and a London...
View ArticleFrontrunning: September 30
Hong Kong protesters stockpile supplies, fear fresh police advance (Reuters)Protesters stay out on Hong Kong streets, defying Beijing (Reuters)Traders Turn Up Grilling Sausages at Hong Kong Protests...
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High-Yield Credit Suffers Biggest Quarterly Loss Worldwide Since 2011
Junk bond investors suffered their biggest quarterly loss since 2011, losing 1.7% in Q3 pushing yields up to one-year highs (despite Treasury yield compression). Managers, knowing full well the...
View ArticleFrontrunning: October 2
As we warned in May 2013... Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit (BBG).... hint: no liquidityWTI Crude Slips Below $90 for First Time in 17 Months (BBG)Traders Thank Fed for...
View ArticleFrontrunning: October 7
Liberian Rubber Farm Becomes Sanctuary Against Ebola (WSJ)The World’s Most Powerful Central Banker: Janet Who? (BBG)Islamic State moves into south west of Syrian Kurdish town (Reuters)Waldorf to Be...
View ArticleFrontrunning: October 9
Five U.S. airports to screen for fever (Reuters)Danger, central banks trading with each other: Bipolar U.S. Stocks See Biggest Mood Swing in Three Years (BBG)Draghi Policies Blunted in Berlin as...
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Meet The World's First "Undercover, Super-Secret Central Banker"
First a secret "Doomsday book", and now this?Flash back to those days in September 2008 when the financial system was on the verge of collapse and when first Lehman failed and then AIG was knocking on...
View ArticleFrontrunning: October 10
It wasn't Obama this time: Pakistani teen, Indian activist win Nobel Peace Prize (Reuters)Surging VIX Shakes Bulls as S&P 500 Charts Go Haywire (BBG)Global shares hit six-month low as growth...
View ArticleFrontrunning: October 14
No Happy Ending for Investors in Central Bank Fairy Tale (BBG)Ebola Response Strains Hospitals (WSJ)Obama, foreign military chiefs, to thrash out Islamic State plans (Reuters)Draghi’s ‘Whatever It...
View ArticleFrontrunning: October 15
M&A Bubble is bursting: AbbVie Says It Reconsiders Merger Pact With Shire (WSJ)Winner of bad headline timing award: Spinoffs Could Set Stage for Next Merger Wave (BBG) - and now wait for the...
View ArticleFrontrunning: October 16
Dallas County May Declare State of Disaster From Ebola Virus (BBG)Markets on edge after worst turmoil in four years (Reuters)Central bankers may have no quick fix as markets swoon, economy weakens...
View ArticleFrontrunning: October 21
Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters)China GDP Growth Rate Is Slowest in Five Years (WSJ)Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG)Carney Faces...
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