Frontrunning: March 16
Germans Tired of Greek Demands Want Country to Exit Euro (BBG)Weak euro powers European stocks to new highs (Reuters)Siemens Cheers Euro Slump as Emerson Eases Dollar’s Sting (BBG)A Police Gadget...
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Where The Money Is Going: Global Fund Flows Heatmap
Curious where the global money has been flowing in the past quarter? Then the following Deutsche Bank global heatmap showing the 3-month flows into equity funds (including ETFs) should help answer that...
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The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US...
The first time we read the recent analysis by the Sunlight Foundation in which it combed through 14 million corporate records, including data on campaign contributions, lobbying expenditures, federal...
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Energy Credit Risk Soars Most In 2015 As Bankruptcies, Liquidations Loom
While investors have grown to used to knife-catching heroics in equity markets, the Energy credit markets have been a poster child of yield-reaching, bottom-guessing, dip-buying exuberance in the past...
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Hilsenrath's FOMC Preview: "No More Promises, Fed Is Injecting Uncertainty...
There have been countless previews of the FOMC statement at 2pm today, all of them largely worthless and regurgitating the same exact stuff. The only one that matters, as it is the only one with the...
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Lenin Was Right...
Submitted by Bill Boner via The Acting-Man blog,Bear Markets Do Happen Today… the second of the speech about the end of the world we recently gave at Doug Casey’s La Estancia de Cafayate. (You can...
View ArticleFrontrunning: March 20
Clinton Charity Tapped Foreign Friends (WSJ)Dollar Set for Worst Week Since ’13; S&P Futures Rise (BBG)Shale Producers Have Found Another Lifeline: Shareholders (BBG)BOJ Kuroda says no sign of...
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When The World's Reserve Currency Flash Crashed: "I Haven’t Seen Anything...
On Wednesday afternoon, just after the close of the market, the US Dollar, the world's reserve currency flash crashed. This is how the WSJ described the move:In the latest episode Wednesday, a message...
View ArticleFrontrunning: March 23
Saudis keep on pumping, oil prices keep on slumping (Reuters)Tenet Healthcare Nearing Deal to Buy United Surgical Partners (WSJ)Dizzying Pre-IPO Tech Values Spurred by Rush of Hedge-Fund Money...
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Deutsche's Three "What If" Scenarios: What Happens After The Grexit
As reproted previously, the biggest event of the day will be the meeting between Greek PM Tsipras and Germany's Merkel, which - with Greece having only days of access to liquidity left (and a negative...
View ArticleFrontrunning: March 24
Germanwings Airbus crashes in France, 148 feared dead (Reuters)Greece promises list of reforms by Monday to unlock cash (Reuters)Merkel Points Tsipras Toward Deal With Greece’s Creditors (BBG)Banks...
View ArticleFrontrunning: March 16
Germans Tired of Greek Demands Want Country to Exit Euro (BBG)Weak euro powers European stocks to new highs (Reuters)Siemens Cheers Euro Slump as Emerson Eases Dollar’s Sting (BBG)A Police Gadget...
View ArticleFrontrunning: March 26
Saudi Arabia, allies launch air strikes in Yemen against Houthi fighters (Reuters)Pilot on Crashed Jet Was Locked Out of Cockpit, NY Times Says (BBG)Why Bombing This Tiny Oil Producer Is Roiling the...
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Who's Behind All of the Wars?
Image by Terry Robinson Bankers hate peace …Lee Fang reports:The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank,...
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China Hard Landing: Blame The Smog
Earlier this week, we got further evidence of just how quickly China’s economy is slowing down (hard landing anyone?) when the March manufacturing PMI printed in contraction territory, the employment...
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Housing Contribution To US GDP Lowest In Post-War Era
In “Underwater Homeowners Here To Stay” we highlighted a report from Zillow which showed that negative equity has now become a permanent fixture of the US housing market. The report also showed that...
View ArticleFrontrunning: April 1
Oil holds around $55 as Iran nuclear talks drag on (Reuters)Bob Diamond’s African Banking Venture Runs Into Problems (WSJ)Iran Nuclear Talks Resume With Lavrov Saying Deal at Hand (BBG)Wal-Mart...
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The Best And Worst Performing Assets In March And Q1
2015 is perhaps the first year in which, in nearly a decade, when discussing asset returns one has to ask "in what currency" for the simple reason that the USD itself is one of the best performing...
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Goodbye FICO, Hello FAKE-O: Behold The Banks' Brilliant "Plan" To Lend To...
To be sure, the good folks at Santander Consumer and American Credit Acceptance (among others) are doing everything they can possibly do to get underqualified borrowers into used cars even if it means...
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Bad News Is Good: Companies Issuing Positive Guidance Lowest Since 2006
As a reminder, US equities diverged from forward earnings estimates and to an even greater extent, from macro data way back in October and as you can see from the following chart (which we are very...
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