Clik here to view.
What Would Happen If ETF Holders Sold All At Once? Howard Marks Explains
The realization that there is, as of this moment, at best negligible and very often zero liquidity in bonds (or even stocks) is known by most: a topic we first discussed back in the summer of 2013 (a...
View ArticleClik here to view.
Finally The "Very Serious People" Get It: QE Will "Permanently Impair Living...
When "very serious people" (even if it is those who once ran now defunct Bear Stearns) announce it, with a 6 year delay, they make the Financial Times.On the other hand, when Zero Hedge said precisely...
View ArticleFrontrunning: March 30
Setbacks and progress as Iran, six powers meet to end nuclear impasse (Reuters)Russia’s Foreign Minister Sergei Lavrov to Leave Iran Nuclear Talks (WSJ)Obama Ramps Up Lobbying on Iran as Deadline Looms...
View ArticleClik here to view.
The New Normal: Making Up Your Mind For You
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,Increasingly over the past year or so, when people ask me what I do, and that happens a lot on a trip like the one I’m currently on in the...
View ArticleClik here to view.
Hillary Clinton Caught In Another Lie
Three weeks ago, when Hillary Clinton was scrambling to come up with a credible lie to explain why she was using a personal server for email distribution - one that was not US government property and...
View ArticleClik here to view.
5 Charts Which Show That The Next Economic Crash Is Dead Ahead
Submitted by Michael Snyder via The Economic Collapse blog,When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start...
View ArticleFrontrunning: April 2
Samaras Says He’d Join Alliance to Keep Greece in Euro (BBG)Tensions with Warren camp could loom over Clinton campaign (Reuters)Ackman Report on Herbalife in China Figures in Probe (WSJ)Al Shabaab...
View ArticleFrontrunning: April 7
Israel, U.S. Lawmakers Press Case Against Iran Nuclear Deal (WSJ)Rand Paul tries to broaden libertarian appeal (Reuters)Fewer Oil Trains Ply America’s Rails (WSJ)Chicago voters go to polls in first...
View ArticleClik here to view.
This Is How The Third Largest Energy Deal In History Happened
Curious how the third largest energy deal, and 14th largest corporate take over in history, happened? The answer, courtesy of Reuters, is simple: all it took was a phone call.Sometimes it takes little...
View ArticleClik here to view.
Gundlach Lieutenant Says Risk/Reward In US Corporate Credit Most Unattractive...
Another day, another big name warns of a bond bubble, and this time it’s the (new) Bond King himself. On the heels of Jamie Dimon’s critique of credit market liquidity and what a lack thereof could...
View ArticleClik here to view.
This Is What Happens When The US Treasury Market Is Taken Hostage By...
Nearly two years ago we wrote about a phenomenon that has become the most acute problem facing the modern, "QEverywhere" financial system: an unprecedented collateral shortage, as a result of central...
View ArticleClik here to view.
Bank of America Revenue Drops, Misses Due To Declining Trading Revenues, Loan...
One look at BofA's earnings report shows why contrary to popular opinion, the bank that bailed out insolvent Merrill Lynch is far better off to be pnealized with tens of billions in legal fees than...
View ArticleThe Fed is Leveraged Twice As Much As Lehman Was
The 2008 Crisis was caused by too much debt/ leverage, particularly in the form of illiquid derivatives (mortgage backed securities get the most attention, but the derivatives market was well over $800...
View ArticleClik here to view.
Full Scapegoat Retard: Trader Arrested For 2010 Flash Crash
Remember when the SEC, and specifically the agency's former lead HFT investigator Greg Berman, blamed the entire May 2010 Flash Crash on Waddell & Reed (and not HFT)? Well, it is time to change the...
View ArticleFrontrunning: April 22
Because it just gets funnier: UK speed trader arrested over role in 2010 'flash crash' (Reuters)... and funnier: Mystery Trader Armed With Algorithms Rewrites Flash Crash Story (BBG)Presidential...
View ArticleFrontrunning: April 23
Clinton charities will refile tax returns, audit for other errors (Reuters)China Warns North Korean Nuclear Threat Is Rising (WSJ), or another country realizes war is the only "exit"Shares, euro sag...
View ArticleClik here to view.
It Just Cost Deutsche Bank $25,000 Per Employee To Keep Its Libor...
And so another historic scandal involving the manipulation and rigging of one of the most important global markets, that of Libor which is the reference security for several hundred trillion in...
View ArticleClik here to view.
How BofA's Depositors Funded The Bank's "Fugazi P&L"
When we first exposed in February how yet another bank - Bank of America - has been quietly preserving the post Glass-Steagall world in which cash depositing taxpayers are on the hook for a bank's...
View ArticleClik here to view.
Buffett Loses A Bet, Fails To Pay... Again
On a day full of exultation for The Oracle of Omaha, we could not help but see the irony of Warren Buffett losing yet another bet and not paying up...The two richest men in the world face off. Buffett...
View ArticleClik here to view.
Nomi Prins: The Clintons & Their Banker Friends
In the coming months, however many hours Clinton spends introducing herself to voters in small-town America, she will spend hundreds more raising money in four-star hotels and multimillion-dollar homes...
View Article