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What Wall Street Expects From The January Payrolls Number
Here is what the sellside is looking for when the BLS reports the January NFP in less than 30 minutes:UBS 200KGoldman Sachs 210KHSBC 225K JP Morgan 225K Credit Suisse 230K Deutsche Bank 240KMorgan...
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China’s Monumental Debt Trap - Why It Will Rock The Global Economy
Submitted by David Stockman via Contra Corner blog,Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt...
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Debt In The Time Of Wall Street
By Raúl Ilargi Meijer of The Automatic EarthDebt In The Time Of Wall StreetWith all the media focus aimed at Greece, we might be inclined to overlook – deliberately or not – that it is merely one case...
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The Bubble Has Been Fully Restored: Goldman Is Selling A Synthetic CDO
Earlier this week, Bloomberg ran a story that carried the headline “Goldman Sachs Hawks CDOs Tainted By Credit Crisis Under New Name.” Here’s an excerpt:“The 2008 financial crisis gave a few credit...
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Greece Gambles On "Catastrophic Armageddon" For Europe, Warns It "Only Has...
One of the bigger problems facing the new, upstart Greek government, which has set before itself the lofty goal of overturning 6 years of oppressive European policies and countless generations of Greek...
View ArticleFrontrunning: February 9
Greek Risk Draws Global Concern on Lehman Echo Warnings (BBG)Merkel to urge caution in U.S. as pressure builds to arm Ukraine forces (Reuters)West Races to Defuse Ukraine Crisis (WSJ)German-French Push...
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If Your Name Is On This List, Prepare To Be Audited (Or Worse)
Over the weekend we got the latest confirmation that when it comes to enabling of tax evasion and parking of criminal money, HSBC is second only to US real estate in catering to shady offshore...
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Greece is Playing to Lose
Follow Zerohedge in Real-Time on FinancialJuiceHEADLINESObama to seek authority to use force against Islamic StateUS mulls offering 'defensive lethal assistance' to UkraineGreece locked in talks with...
View ArticleFrontrunning: February 10
Greek defense minister says Greece has Plan B if EU rigid on deal (Reuters)Germany rejects Greek claim for World War Two reparations (Reuters)Greece to Seek $11.3 Billion in Financing to Avoid Funding...
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Europe's Greek Showdown: The Sum Of All Statist Errors
Submitted by David Stockman via Contra Corner blog,The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And “fratricide” is precisely the right...
View ArticleFrontrunning: February 11
Methodology change sees Indian economy grow faster than China's (Reuters)Can Greek Businesses Even Survive? (WSJ)Putin to travel to Minsk talks raising hopes of a deal over Ukraine (Euronews)Ukraine...
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The Euro’s Exponential Decay
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,I don’t know about you, but I’m having a ball reading up on the preparations for the Wednesday/Thursday talks between Greece and .. well,...
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Deutsche Bank Warns, Energy Stock "Valuations Are Unsustainable" Unless Crude...
We previously noted the extreme spike in S&P Energy sector stock valuations (and the fact that energy sector earnings will have to surge by 70% in order for this exuberant to be 'discounted'...
View ArticleGreece: What Happened Today, And What Happens Next
After today's second in one week Eurogroup fiasco, things for Greece are getting perilously close to the endgame. Either that, or Yanis Varoufakis, who earlier said he is "not bluffing", is conducting...
View ArticleFrontrunning: February 19
Greece requests euro zone loan extension, offers big concessions (Reuters)Germany Rejects Loan Request Saying Greece Must Meet Conditions (BBG)Did the Fed Just Enter the Currency Wars (BBG)French...
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The Grexit Into Gold-backed Drachma Conspiracy Theory - or - Plan Z
This gold horde that Greece is amassing will spike in value if they Grexit, particularly relative to the euro http://t.co/wIcHPP47qF— ReggieMiddleton (@ReggieMiddleton) February 19, 2015Greece backs...
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Deutsche Bank: 0% Upside To S&P 500 "Fair Value" From Here
While the S&P is now trading several points above the Goldman 2015 year end target of 2100 (and about 95 points away from the FDIC-backed hedge fund's 2016 year end target of 2200), it is not just...
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The Are Two Big Problems With Deutsche Bank Failing The Fed's Stress Test
There are two big problems with Deutsche Bank failing the Fed's stress test as the WSJ just reported it would. This is what the WSJ reported moments ago:Large European banks including Deutsche Bank AG...
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"The Smart Money Is Selling, Not Buying" Goldman Warns With Valuations In The...
First it was Citi, then Deutsche Bank, now Goldman joins the chorus of all those warning that the market is now furiously overbought. What's worse, at this point the only buyers are the occasional mom...
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The Annotated Timeline Of A 6 Year (And Counting) Greek Tragedy
It ain't over 'til the fat lady sings... and she hasn't even warmed up. A glance back at the incredibly repetitive timeline of events surrounding the disaster that is Greece's debt load and growth...
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