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Cable Crashes To 7 Year Lows As Brexit Battle Begins
With the UK's referendum on EU membership due in four months, it appears the market is gravely concerned about the possibility of Brexit. Despite the unleashing of Project Fear (both military and...
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Valeant 'Dead-Cat-Bounce' Dies On Double-Downgrade, Chanos Concerns
Just when you thought it was saffe to pile back into the hedge fund hotel that is Valeant Pharma, the stock prices collapses 18% in 2 days back to 3-month lows. Following a Wells Fargo downgrade on...
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The Next Big Leg Lower In The Baltic Dry Is On Deck: 360 New Vessels Are...
One month ago, when looking at the unprecedented, record collapse in the Blatic Dry Index for the latest time, a move which many have brushed away as simply a function of too much supply, we showed a...
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Raoul Pal Previews "The Big Reset": How The Kondratieff Winter Unwinds
The last time we hosted a video by RealVision's Raoul Pal, he laid out what indicators he looks at to decide if the next crisis has arrived, of which global ISM was notable but global trade was the key...
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Is The Short Squeeze Over? Global Rally Fizzles, Futures Lower
Unlike Monday's global PMI deterioration (which sent markets around the globe soaring), there was little in terms of macroeconomic data overnight (German IFO earlier missed on expectations and business...
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Standard Chartered Posts Horrendous Results As Impairments Soar 87%
Back in August, we warned that things were about to get much worse for Standard Chartered, whose EM focus makes the bank especially vulnerable to the ongoing downturn in commodities and the generally...
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Financial Time Bombs Hiding In Plain Sight
Submitted by David Stockman via Contra Corner blog,The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of...
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Venezuela's Gold Liquidation Begins: Maduro Quietly Exports 36 Tonnes Of Gold...
Two weeks ago, shortly before noting that Venezuela's CDS is now at the same level where Greece was 3 months before its default, we wrote that as a result of a recently implemented gold swap with...
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Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal...
Submitted by Michael Snyder via The Economic Collapse blog,When a leading nominee for President gets something exactly right, we should applaud them for it. In this case, Donald Trump’s call to audit...
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Exposing The Hidden Agenda Of Davos 2016
Submitted by Nick Giambruno via InternationalMan.com,“It’s a big club and you ain’t in it!”I’m often reminded of these words, spoken by the great comedian George Carlin, when I read about the annual...
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According To Morgan Stanley This Is The Biggest Threat To Deutsche Bank's...
Two weeks ago, on one of the slides in a Morgan Stanley presentation, we found something which we thought was quite disturbing. According to the bank's head of EMEA research Huw van Steenis, while in...
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Canary, Meet Coal Mine: These Are The Tranches Where The CLO 2.0 Meltdown Begins
It was just three days ago when we brought you what we called “the next shoe to drop:” CLOs.The market for collateralized loan obligations dried up completely in the wake of the crisis, as just about...
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This Is The Data Revision Which Just Made A Rate Hike Much More Likely
One of the big problems Janet Yellen has had in recent weeks is that she, and the Fed in general, are running out of excuses not to hike rates. Sure, they can delay rate hikes or outright cancel them,...
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“Buy Gold” As “Insurance Is Warranted” – Deutsche Bank
“Buy Gold” As “Insurance Is Warranted” – Deutsche BankBuy gold as "insurance is warranted", Deutsche Bank have advised in a note issued today.The embattled German bank has said that rising economic...
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Barclays Crashes Most Since 2012 On Dividend Cut, Abysmal Results
Don’t look now, but Barclays just joined the chorus of European banks reporting horrific results.Shares plunged by double-digits on Tuesday after the bank said it swung to a £1.9 billion pre-tax loss...
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One Hedge Funds Warns The Market Will (Again) Be Sharply Disappointed By The ECB
In the aftermath of this weekend's disappointing G-20 summit in Shanghai in which the much anticipated "grand Chinese devaluation" was not only not discussed, but any abrupt devaluation was taken off...
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Asian Surge Continues As Rally Stalls In Europe; S&P Futures Unchanged
While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European...
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Futures Flat Ahead Of Payrolls As Gold Continues Surge After Entering Bull...
There is an odd feeling of Deja QEu this morning, when with two hours to go until the February payrolls, global stocks are modestly higher, US equity futures are likewise slightly higher on the back of...
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Deutsche Bank Discovers Kuroda's NIRP Paradox
Last October, BofA looked at Europe’s €2.6 trillion in negative-yielding debt and discovered something“stunning”: Savings rates were going up not down.Don’t believe us, just have a look at these three...
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Why Helicopter Money Can't Save Us: We've Already Been Doing It For 8 Years
There’s a lot of talk going around these days about “helicopter money.”For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate...
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