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De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade
Since last May (and likely long before) when the topic of "de-dollarization" was first uttered in official circles (and not just tin-foil-hat-wearing blogs), the rest of the world (un-isolated as they...
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"Cheerful" Dutch Financier Becomes 4th ABN Amro Banker Suicide
Following the deaths of 36 bankers last year, 2015 has got off to an inauspicious start with the reported suicide of Chris Van Eeghen - the 4th ABN Amro banker suicide in the last few years. As...
View ArticleFrontrunning: January 28
Fed seen remaining patient with rate guidance amid global turmoil (Reuters)National Weather Service apologizes for blizzard forecast miss (CBS)Greek PM Tsipras pushes on with radical change, markets...
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Deutsche Bank: "If The Fed Stick To Their Script Then The Market Could Be In...
The only preview you need of today's first FOMC statement for 2015, one which has already cornered Yellen as any additional USD strength from here on out will certainly be economy and S&P500...
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Markets Drift Without Direction As Zombified BTFDers Unable To Frontrun...
With markets still digesting the surprising FOMC announcement, which was far more hawkish than most expected, and which once again saw right through the crude weakness and interpreted it as "favorable...
View ArticleFrontrunning: January 29
Who Doubts Yellen's Policies? Summers for One (BBG)Samsung, Apple Back in Dead Heat for Global Smartphone Dominance (WSJ)Islamic State purportedly sets new deadline for hostage swap (Reuters)Turkey's...
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Putin's Unexpected Victory: Europe Furious That Greece Is Now A Russian...
Two days ago, Zero Hedge first, and shortly thereafter everyone else, pointed out something stunning: the biggest surprise to emerge so far out of the new anti-Troika/austerity Greek government was not...
View ArticleFrontrunning: January 30
Falling Prices Spread Pain Far Across The Oil Patch (WSJ)ISIS Group Claims Responsibility for Attacks That Killed 27 in Egypt (NBC)Russia Unexpectedly Cuts Key Rate as Economy Eclipses Ruble...
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How Do You Solve A Problem Like Syriza?
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,First off, no, I don’t think Syriza is a problem, I just couldn’t resist the Sound of Music link once it popped into my head, as in...
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ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month:...
As Deutsche Bank's George Saravelos politely puts it, "Developments since the Greek election on Sunday have moved very fast." And indeed, so far the new Tsipras cabinet, and here we focus on the words...
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The Tide Is Turning: Obama "Expresses Sympathy" For Greece; Lazard Says 50%...
The newsflow over the past several days was progressing much as expected: any time Greece demanded a bailout renegotiation (or termination), and an end to the Troika, Germany just said "Nein", most...
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The Reason For Hyperinflation-phobia
Submitted by Doug French via Mises Canada blog,The New York Times can be forgiven for blaming the empty shelves in Caracas to the plunge in oil. However, a raging hyperinflation cleared the cupboards...
View ArticleFrontrunning: February 3
RBA cuts interest rates to record low of 2.25% (SMH)RBI keeps rates on hold (Reuters), India allows banks flexibility on big projects to reboot growth (Reuters)BP slashes capital spending by 20%...
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These Were The Best Performing Assets In Volatile January
Much was said about the outperformance of the Nikkei relative to other asset classes in various months in 2014. Outperformance in Yen terms that is: for 2014 the Nikkei was actually down in USD terms....
View ArticleS&P Downgrades Numerous European Banks, Warns Deutsche Bank May Be Next
Just hours after apparently settling its suit with the USA (not at all retaliation for downgrading them), S&P has taken the big red marker out on a slew of European banks:Downgrades: Credit Suisse,...
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We Officially Declare The End Of RadioShack LBO Rumors
For anyone who has traded RadioShack's bonds or stocks over the last decade or so, the constant threat of an LBO has been the bane of any fundamental analysis as one Credit Suisse memorably described...
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What Comes After Paper Money, Part 1: Fiat's Obvious Failure
Submitted by John Rubino via Dollar Collapse blog,The following chart from Deutsche Bank illustrates the difference between life under the Classical Gold Standard and today’s “modern” forms of money....
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Chocolate Is The New Gold: Corporate Bonds Have First Ever Negative Yield...
You know the world has gone truly mad when... For what we believe is the first time, a Euro-denominated corporate bond yield has gone negative. Aa2-rated Swiss chocolate-maker Nestle saw its 2016 bonds...
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Greece: The Big Picture Update, And Why Deutsche Bank Thinks Europe Will Fold
The Greek situation summaries Greece by Deutsche Bank's George Saravelos have consistently been among the best in the entire sellside. His latest Greek update, which is a must read for anyone who...
View ArticleFrontrunning: February 6
RadioShack files for bankruptcy; Sprint to take over some stores (Reuters)Kansas To Issue Bonds and Invest Proceeds to Boost Pension Returns (WSJ)Merkel to Make Last Push With Putin as Pessimism...
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