Frontrunning: January 6
Average 10-year yield of U.S., Japan and Germany dropped below 1% for the first time ever: Free Money in Bond Markets Shows Global Economy Still Struggling (BBG)China Fast-Tracks $1 Trillion in...
View ArticleFrontrunning: January 7
Twelve shot dead in Paris (Reuters)Eurozone Consumer Prices Fall for First Time Since 2009 (NYT)Euro's Drop is a Turning Point for Central Banks Reserves (BBG)How $50 Oil Changes Almost Everything...
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Who Will Be Hurt The Most If Greece Defaults
With less than 20 days left until the Greek general elections, bluffs, counterbluffs, speculation, and propaganda are running wild, all of which, however, can be reduced to the following simply...
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"The ECB Has Lost Control" - Spiegel Asks If "Helicopter Money" Comes Next?
Just 2 short months ago we warned of the rising voice among the cognoscenti tilting their windmills towards the concept of "helicopter money," as Deutsche bank noted, "perhaps there's an increasing...
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Did The World's Biggest Hedge Fund Just Go "All In" On HFT And Dark Pools?
Is the world's biggest hedge fund going all-in on HFT and Dark Pools? We ask because Ray Dalio's Westport, CT-based Bridgewater, which at last check manages around $160 billion between its Pure Alpha...
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Market Wrap: Evans'"Catastrophe" Comment Blasts Overnight Futures Into...
After subdued trading in the overnight session until a little after 8pm Eastern, algos went into overdrive just around the time the Fed's 2015 voting member and uberdove Charlie Evans told reporters...
View ArticleWhat Wall Street Expects From Today's Payrolls Number
Here are the consensus numbers that Wall Street expects out of today's NFP print:US Change in Nonfarm Payrolls (Dec) M/M Exp. 240K (Low 160K, High 305K), Prev. 321K, Oct 243KUS Unemployment Rate (Dec)...
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Nightmare On Wall Street: 2014 Banker Bonuses Set To Drop
To most people it would be shocking that after $60 billion in litigation charges, i.e., the "cost of doing criminal business" for just the first 9 months of 2014 and a ridiculous $178 billion since...
View ArticleFrontrunning: January 12
Earnings Pessimism Jumps as Oil Threatens S&P 500 Growth (BBG)It’s Amateur Hour in the Booming Chinese Stock Market (BBG)France mobilizes 10,000 troops at home after Paris shootings...
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ISDA Determinations Committee’s "External Review", An Inside Job
A follow-up to "Is The CDS Market Manipulated?" by Joshua Rosner of Graham Fisher.ISDA Determinations Committee’s "External Review", an Inside Job (pdf)Last week we focused on potential manipulations...
View ArticleFrontrunning: January 13
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse (BBG)Pound Drops as Traders Write Off Higher Rates on Inflation Slump (BBG)Oil prices down again as UAE defends holding production (Reuters)The...
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Copper Halted After Crashing 8% On LME, Sends AUD Plunging, Futures Dip Under...
Today's prime time event hasn't even arrived, that would be the European Court of Justice (ECJ) delivering its final opinion on the legality of the ECB’s previously announced OMT program, in less than...
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Blast From The (Recent) Past: Jim Grant Nails The SNB Decision
Via Jim Grant,The Balance Sheet That Ate Switzerland(Grant's, September 19, 2014) Like a celebrity in flight from the paparazzi, the Swiss Confederation demands protection from its pesky admirers. To...
View ArticleDeutsche, Interactive Brokers, Barclays Lost Hundreds Of Millions Due To...
Yesterday, in the aftermath of the Swiss shocker, we tweeted what was quite obvious to anyone who realized that speculators were most short the CHF since the summer of 2013:The SNB just blew up...
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The ECB Will Fail Given The "History Lessons Of US And Japan", Warns Deutsche...
Recall that the stated purpose behind the reason why Mario Draghi's ECB is about to launch a European government debt monetization program ranging between EUR500 and 1000 billion is to halt deflation,...
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Germany's Bundesbank Resumes Gold Repatriation; Transfers 120 Tonnes Of...
Three weeks ago, when looking at the latest NY Fed data of foreign gold held at the largest central bank gold vault in the world, we showed that in the month of November not only was a near record...
View ArticleFrontrunning: January 20
Obama to focus on middle class in State of Union address (Reuters) - all 4 of them?European Stocks Buoyed by ECB Hopes (WSJ)China's 2014 economic growth misses target, hits 24-year low (Reuters)Federer...
View ArticleFrontrunning: January 22
ECB to decide on bond-buying plan to revive euro zone (Reuters)Draghi Is Pushing Boundaries of Euro Region with QE Program (BBG)Investors Wonder Whether ECB Will Do Enough (WSJ)Treasuries Drop With...
View ArticleFrontrunning: January 23
Saudi Arabia’s New King Probably Will Not Change Current Oil Policy (BBG)Saudi King’s Death Clouds Already Tense Relationship With U.S. (WSJ)Oil Pares Gains as New Saudi King Says Policies Stable...
View ArticleDeutsche Bank's Most Cynical Take On Draghi's QE Yet: Buy European Stocks...
For the most succinct, and most cynical, take on yesterday's ECB QE announcement we go to Deutsche Bank which 7 years after the grand money printing experiment started, has thrown in the towel on...
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