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John Thain Quits As CEO Again, This Time Without Blowing Up His Company First
The last time John Thain departed as a CEO under some duress, it was just after Merrill had received a taxpayer bailout (which was used among other things to pay for Thain's bonus) and also after Thain...
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NatGas Crashes To April 2012 Lows On Weather, Inventories
For once, blaming the weather is not a 'joke'. Natural gas futures fell to the lowest since April 2012 as traders reacted to near-record inventories and mild weather that’s pushing back the start of...
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Meet The New York Fed's Latest Director: The Ex-CEO Of Another Bailed Out Bank
The Federal Reserve was supposed to serve the nation, however as even Bloomberg observes today, ended up "steamrolling" Main Street. One reason why: directors such as this one.Presenting former Morgan...
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Thousands Of Shorts Royally Crushed After Activision Acquires King Digital
Call it an example of an abbreviated public lifecycle. After IPOing at $22.50 just last March and then promptly tumbling, Candy Crush maker King Digital was stuck in no man's land: demand for its...
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The Next Level of John Law Type Central Planning Madness
Submitted by Pater Tenebrarum via Acting-Man.com,Cries for Going Totally Crazy are IntensifyingWhat are the basic requirements for becoming the chief economist of the IMF? Judging from what we have...
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The Stench Of Freddie Mac Is Back - An $18 Billion Spree Of Crony Capitalist...
Submitted by David Stockman via Contra Corner blog,Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze.But according to Bloomberg, Wall Street’s shameless...
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Global Trade (Still) In Freefall: Imports Collapse At Largest Three US Ports
We’ve said it before and we’ll say it again: global growth and trade are grinding to a halt. Back in September, we flagged comments from WTO chief economist Robert Koopman who warned that after a...
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"This Isn't Going To End Well" - Junk Bonds Under Pressure
Submitted by Pater Tenebrarum via Acting-Man.com,While the Stock Market is Partying …There are seemingly always “good reasons” why troubles in a sector of the credit markets are supposed to be ignored...
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Distressed-Debt Losses Worst Since 2008 - "It's Not Just Energy, It's...
When buy the dip doesn't work. "Most distressed situations have not worked out in 2015," exclaims one distressed hedge fund manager facing significant losses on the year, "It wasn’t just energy. It was...
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M&A Spikes to Craziest Frenzy Ever, even as Bottom Falls out of Riskiest End
Pfizer’s revenues have been declining for what will be four years in a row by the end of 2015. Its liabilities have ballooned to $104 billion. Its “goodwill” and “intangible assets” – future expenses...
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EIA Report Shows No Sign Yet of U.S. Production Cuts
By EconMatters U.S. Production The EIA report came out on Wednesday and the first thing that I look for, and really the only data point that matters for meaningful progress towards the market...
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Cracks At The Core Of The Core
Exceprted from Doug Noland's Credit Bubble Bulletin,January 15 – Bloomberg (Matthew Boesler): “The U.S. economy should continue to grow faster than its potential this year, supporting further...
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Equity Futures Rise After Oil Rebounds From 12 Year Lows; US Markets Closed
In the aftermath of the latest Chinese near-panic intervention to keep its currency from an out of control collapse when as reported yesterday, the PBOC announced it would raise the RRR for offshore...
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Someone Is Trying To Corner The Copper Market
It may not be as sexy as gold and silver, but sometimes even doctor copper needs a little squeeze and corner love as well, and according to Bloomberg, that is precisely what someone is trying to do.One...
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Chinese Stocks Face Derivatives-Driven Trigger Of Doom
Despite the collapse in Chinese stocks, Bloomberg reports annual sales of Chinese equity-linked structured notes across AsiaPac rose to a record(prompting Korea's financial regulator to warn investors...
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China Crashes To 13 Month Low After Last Hour Panic Selling; Crude, Futures...
It has been another volatile, illiquid, whipsawed session, driven by the only two things that have mattered so far in 2016, China and oil.... and stop-hunting algos of course.A quick look at the former...
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John Paulson Puts Up Personal Holdings To Secure Credit Line As AUM Plunges
Back in August we noted that John Paulson managed to get himself and his investors involved in two rather dubious "firsts" in 2015: Puerto Rico became the first US commonwealth in history to default,...
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25 Years Of Fed Fueled M&A - The Enabling Of A Banking Oligopoly
The “Big Four” retail banks in the United States collectively hold 45% of all customer bank deposits for a total of $4.6 trillion.The fifth biggest retail bank, U.S. Bancorp, is nothing to sneeze at,...
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US Economy: On A Knife's Edge
Submitted by Pater Tenebrarum via Acting-Man.com,Gross Output Remains Under PressureWe should mention right from the outset that recent data releases – weak as most of them were – are still not...
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The Keynesian Monetary Quacks Are Lost - Grasping For The Bogeyman Of 1937
Submitted by Pater Tenebrarum via Acting-Man.com,An Imaginary BogeymanWhat’s a Keynesian monetary quack to do when the economy and markets fail to remain “on message” within a few weeks of grandiose...
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