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The Pathetic 'Talk Therapy' Of Janet Yellen
Submitted by David Stockman via Contra Corner blog,What in god’s name does Janet Yellen think she is doing? Just a few weeks ago she established the ridiculous Fedspeak convention that “patient” means...
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The Market is Simply NOT Expecting This to Happen in China
By Brad at www.CapitalistExploits.atTo succeed in investing you essentially have to beat the majority of other investors. This will not be achieved by thinking like everyone else. You will have to...
View Article90% of the Developed World Has Eased … But We’ve Still Got Deflation?
What should we make of the fact that core inflation in the U.S. is just as low as in the Eurozone if measured on the same basis? (Can you say "depression", boys and girls?)David Rosenberg – former...
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The Seal Is Broken: DB Is The First Major Bank To Predict Drop In 2015 S&P500...
Back in early December, when the oil plunge and the dollar surge were not nearly as acute as they are now, we reported that just as a result of these two critical factors, an earnings (if not outright...
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Oil Junk Bonds Cost Investors Billions
Just two weeks ago, we noted that chasing after high yield debt from beleaguered junior oil producers was likely not the best idea given the fact that geopolitical logrolling, surging supply, and...
View ArticleFred Feldkamp on Fraud and True Sale
Below is the text of a lecture that my friend and co-author Fred Feldkamp gave to a group at KBRA last month on the topic of true sale. This discussion is further to our 2014 book, Financial Stability:...
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Saudi Production Comments Send WTI Sliding To $45 Handle
Following Friday's manic quad-witching melt-up in oil (and everything else), the exuberance (surprise surprise) is fading as fundamental reality is slapped back onto the face of the energy complex by...
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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...
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Finally The "Very Serious People" Get It: QE Will "Permanently Impair Living...
When "very serious people" (especially those who work for a company whose executive chairman once ran now defunct Bear Stearns) announce it, with a 6 year delay, they make the Financial Times.On the...
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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...
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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 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...
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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...
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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...
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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...
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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...
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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...
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