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With the “generals” finally meeting their reality-maker, investors appear to be questioning the DotCom bubble-like highs as momentum collapses. “Exuberance has turned to panic pretty quickly,” notes one asset manager and after a very rapid plunge in recent days, options traders are piling into protection at a pace not seen since Q4 2008. The Nasdaq-S&P […]Read More

Two months ago the Australian media, which unlike its US counterpart refuses to be spoon fed ebullient economic propaganda, called bullshit on the spectacular October job numbers, when instead of adding 15,000 jobs as consensus expected, Australia’s Bureau of Statistics reported that a whopping 58,600 jobs had been added.  We covered this in “Australian Media […]Read More

Submitted by Pater Tenebrarum via Acting-Man.com, A Curious Collapse Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds, agency bonds, ABS and covered bonds – bank reserves and the euro area money supply have soared. Bank reserves […]

When last we checked in on the “most hated man in America”, Martin Shkreli had just taken a $40 million hit on his E*Trade account. That’s a problem for two reasons. For one thing, the account only had $45 million in it in the first place. For another, it was used to secure a $5 […]Read More

Shortly after we detailed the scale of carnage in Japan – a mysterious massive panic-seller of Yen appeared… as Kuroda heads for Parliament… But it’s not holding… Another night, another utter bloodbath in AsiaPac. Japanese markets are plunging (NKY down 600 from US session close) along with USDJPY as Kuroda readies himself to face parliament […]Read More

Then we must be “peddling fiction…” The market sees it coming… The yield curve is collapsing… And High yield bond risk knows its coming… And the fundamentals are catching up… Fed-driven mal-investment and over-production has once again led us to this cliff… The overall earnings growth trend continues in its downtrend… And despite all the […]Read More

It all started in mid/late 2014, when the first whispers of a Fed rate hike emerged, which in turn led to relentless increase in the value of the US dollar and the plunge in the price of oil and all commodities, unleashing the worst commodity bear market in history. The immediate implication of these two […]

We’ve spilled quite a bit of digital ink documenting the trials and travails of Alberta, the heart of Canada’s dying oil patch and ground zero for the pain inflicted by 14 months of crude carnage. At the risk of beating a dead (or at least a “dying”) horse, you’re reminded that violent crime is soaring […]Read More

With stock markets from every continent plunging (Japan most recently), it should be no surprise that MSCI’s world index has entered a bear market – dropping over 20% from its April 2015 record highs. However, as Gavekal notes, while much of the drag on global stocks is from collapsing emerging markets, the average developed market […]

While the markets have been generally lacklustre in the past two days, much of the enthusiasm associated with the last hour spike on both Monday and Tuesday had to do with optimism involving a significant relent by Janet Yellen during her semi-annual 2-day testimony in Congress starting tomorrow at 8:30 am. And while Yellen will […]

Saraki Meets Trade Unions, Civil Society Organisations To Look Into Buhari’s fraudulent 2016 Budget – SIMONATEBA.COM 1 Share Share Tweet Share Email Senate Press Statement In fulfillment of its pledge to make all legislative activities of the National Assembly open to all Nigerians, the leadership of the 8th Senate would on Wednesday engage the Nigerian […]

American President Barack Obama on Tuesday proposed a $10.25 tax per barrel on crude used locally, which he hopes will help raise $319 billion over the next decade on transportation and other needs. The announcement formed part of the president’s $4.1 trillion budget which he released to the US Congress. The tax has already been […]