More Bad News Out Of Europe Coupled With Hopes For More QE Push Stocks, Bonds...
If the big hope propelling both ES and S&P cash over 2,000 was the Ukraine-Russian talks, leading to some de-escalation and a thawing of Russian-German conditions, then it was clearly a dud. As the...
View ArticleFrontrunning: August 27
Islamic State executes soldiers, takes hostages at Syria base (Reuters)Buffett Burger King Funds Flip Obama’s Inversion Calculus (BBG)Equities Reach Record $66 Trillion as S&P 500 Hits 2,000...
View ArticleECB Hires Blackrock For ABS-Buying Advice; Crushes Idea Of Upcoming QE
Just in case futures buying algos forgot what the regurgitated "catalyst" that activated the overnight ramp was, the ECB was kind enough to remind everyone that the main event over the past 12 hours...
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Argentina – Sliding Down A Slippery Slope
Update: The official and black-market Peso has collapsed further today to new record lows.*ARGENTINA'S BLACK MARKET PESO WEAKENS 1.7% TO 14.45/USD: AMBITOwhich can mean only one thing...*ARGENTINA'S...
View ArticleFrontrunning: August 28
Clearly it's time to bomb Assad (on Qatar instructions): Islamic State executes dozens of Syrian army soldiers (Reuters)Ukraine Declares Russian Invasion as Sanctions Threat Raised (BBG)Ukraine Reports...
View ArticleFrontrunning: August 29
Obama Cools Talk of Strikes Against Islamic State in Iraq or Syria (WSJ)Separatists say will allow 'trapped' Ukrainian forces to withdraw (Reuters)Ukraine Fighting Surges as Russian-Backed Forces Gain...
View ArticleThanks to the Fed, the Patient Is Now Past the Point of No Return
Many commentators consider what the Fed has done to be akin to providing stimulus, morphine, juice to an ailing economy. We believe Fed’s actions would be more appropriately described as permitted...
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And The Best Performing Asset In August Was...
August is the month in which the third try for a global economic recovery officially snapped, with first China, then Europe and finally Latin America succumbing to pre-recession forces and/or outright...
View ArticleFrontrunning: September 2
Ukraine Shifts to Defense Against Russian Incursion (WSJ)U.S. forces carry out operation against al-Shabaab in Somalia (Reuters)Bond Markets Tilt Toward Frankfurt as Draghi Negates Fed (BBG)Another...
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Your Wall Street Slumlord Arrives in Europe: Goldman Launches "Buy-To-Rent"...
Submitted by Mike Krieger via Liberty Blitzkrieg blog,Liberty Blitzkrieg was early in reporting on the trend of financial firms entering the U.S. residential real estate market with “all-cash” bids for...
View ArticleFrontrunning: September 3
Confusion as Ukraine and Russia announce progress towards peace (Reuters)... but not for stock buying algos, they know everythingObama Expresses Skepticism About Possible Ukraine Cease-Fire...
View ArticleEquity/Bond Markets At Overnight Highs On Hopes Of More ECB Stimulus;...
Even as the NATO summit began hours ago in Wales, conveniently enough (for Obama) at the venue of the 2010 Ryder Cup, so far today geopolitics has taken a backseat to the biggest event of the day - the...
View ArticleFrontrunning: September 5
Euro left reeling after ECB's liquidity splurge (Reuters)Coalition Emerges to Battle Islamic State Militants (WSJ)Ukraine Gas Chief Takes on Gazprom in Race With Winter (BBG)Nato leaders fail to agree...
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Feel Like Betting On Life Expectancy? There's A Derivative For That
Think CDS were the scourge of humanity, think again. As Pension360 reports, several Wall Street firms are selling securities backed by longevity risk - the risk that retirees receiving benefits will...
View ArticleFrontrunning: September 8
Scotland split jitters send sterling to 10-month low (Reuters)S&P 500 Beating World Most Since 1969 Doesn’t Spark Flows (BBG)Happy ending guaranteed: Vietnam building deterrent against China in...
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Deutsche's David Bianco "Forecasts" The S&P (In One Simple Chart)
While not exactly a "bear", Deutsche Bank's David Bianco - until this weekend - had the lowest S&P 500 target for 2014 year-end at 1,850. That's all changed now... Laszlo Birinyi would be proud......
View ArticleFrontrunning: September 9
Showtime for Apple: Big phones, smart watches and high expectations (Reuters)Bank of England Gov. Mark Carney Signals Spring Rate Rise (WSJ)Quebec Shows Scots Question Returns Even If Answer Is No...
View ArticleFrontrunning: September 10
British PM begs Scots: Don't rip apart our UK 'family of nations' (Reuters)Obama has become Bush: Obama’s Task: Rally U.S. Public, Allies in Terror Fight (BBG)Alibaba's record IPO covered after first...
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Deutsche Bank: The Bubble Must Go On To Sustain The "Current Global Financial...
When all is said and done, it all basically boils down to this: from Deutsche Bank's Jim Reid.The bubble probably needs to continue in order to sustain the current global financial system and the...
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Why Rates Will Stay Low (Or What Happens When You Cry "Recovery" For 5 Years...
Deutsche Bank's Torsten Slok summarizes the various factors driving interest rates up (and down) noting that even if The Fed turns hawkish, other factors remain crucial narratives for lower long-term...
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