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European Junk: "The Good-Looking Ones Are Always Bad News"
Authored by Kevin Muir via The Macro Tourist blog,Yesterday, a few different readers emailed to ask my opinion about the European Junk Bond versus US Treasury yield chart that Tiho Brkan from The Atlas...
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Would You Pay $1,000 For Each Equity Research Piece You Read? Autonomous...
Would you pay $1,000 for each piece of equity research you read throughout the day? How about $5,000 for an industry piece? Well, Autonomous Research, which was founded in 2009 by former Merrill...
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Massive PBGC Rate Hikes Force Corporate Debt Binge As Companies Try To Pay...
As if defined benefit pensions funds weren't fun enough for corporate shareholders, the Pension Benefit Guarantee Corporation (PBGC), the federal entity that backstops pension obligations when...
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The Fate Of Saudi's Vision 2030 Rests On Aramco IPO
Authored by Zainab Calcuttawala via OilPrice.com,It has been two months since Prince Mohammed Bin Salman’s ascendance to the role of heir to the Saudi Arabian throne, and the preliminary effects of his...
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Carmageddon Continues - Dealers "Wildly Overweight" SUVs As Sales Slow
Authored by Mike Shedlock via MishTalk.com,The auto boom, one of the key components propping up consumer spending, has come to an end. Dealers are wildly overweight SUVs just as the market turned.As...
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Are You Prepared For These Potentially Disruptive Economic Storms?
Authored by Frank Holmes via StockBoardAsset.com,SummaryAre government inflation numbers more “fake news”?A falling dollar is good for U.S. trade.Are you ready for a big fight?Here in San Antonio,...
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Did China's Bronze Swan Just Arrive? Copper Inventories Crash Most In History
Buyers withdrew more copper from the London Metal Exchange’s global warehouse network on Wednesday than at any time since daily records began in 1996, extending a 19-day drop.As Bloomberg notes, while...
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‘Things Have Been Going Up For Too Long’ – Goldman CEO
“Things have been going up for too long...” - Goldman Sachs’ CEO- Lloyd Blankfein, Goldman CEO "unnerved by market" (see video)- Bitcoin bubble is no outlier says Bank of America Merrill Lynch- Bubbles...
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Austria Makes History With First 100-Year Bond Sale Into Public Euro Markets
Austria, a country which itself is less than 100 years old, made European history today when it launched a 100-year government bond: the first such deal to be sold into eurozone public markets. While...
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"Dr.Copper"'s Contango Crushes Economic Hype
We warned two weeks ago that China's "Bronze Swan" was looming as the crackdown on leverage in the system by Chinese authorities may be forcing unwinds of the CCFDs - thus putting upward pressure on...
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Global Equities Hit New All Time High Ahead Of The Fed; VIX < 10; Japan...
S&P futures are little changed as the Fed begins its two-day FOMC meeting pushing the VIX below 10, down 1.3% and falling for the 7th day; European shares are lower as is the dollar while Japanese...
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Government By Goldman
Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund,Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince...
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Exactly How Many Warnings Do You Need?
Authored by Lance Roberts via RealInvestmentAdvice.com,When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in...
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Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD
Editor Mark O'Byrne- Gold climbs over 12% in YTD, matching S&P500 performance- Palladium best performing market, surges 36% 2017 YTD- Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ-...
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Look Who Kalanick Just Appointed To The Uber Board Without Consulting Anyone
It looks like Travis Kalanick is preparing for all-out war in the Uber boardroom.The Uber co-founder and former chief executive officer - who retains control over three board seats, including his own -...
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Richter: "The Pricing Of Risk Is Kaput"
Authored by Wolf Richter via WolfStreet.com,US Treasury Yield v. Euro “Junk Bond” Yield. A new record in central-bank engineered absurdity. US Treasury Securities with longer maturities fell this...
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Uber Shareholder Drops Lawsuit Against Kalanick, Clearing Way For Softbank...
Tuesday’s meeting of the Uber Inc. board – the first following Kalanick’s unilateral decision to appoint former Xerox Corp. Chairwoman and CEO Ursula Burns and former Merrill Lynch Chairman and CEO...
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The Crash Of '87 Remembered: "It Was Clear The Acapulco Cliff-Dive Was On For...
“The markets in a panic are like a country during a coup, and seen in retrospect that is how they were that day,” wrote a young Salomon bond salesmena named Michael Lewis, of the chaos he witnessed....
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Black Monday 2.0: The Next Machine-Driven Meltdown
Authord by Ben Levisohn via Barrons,In the rise of computer-driven trading, some hear echoes of the stock market’s 1987 crash. Beware the feedback loop...Black Monday. Although the event to which those...
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Robert Shiller: 1987 Could Happen Again
By Robert Shiller, first published in the NYTOct. 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn’t happen again.Yet that’s...
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