Frontrunning: February 4
Global makets plunge (Reuters)Goodbye Mrs. Watanabe - Japan Sees Worst Developed-Stock Rout as Nikkei 225 Drops (BBG)Who could have possibly predicted this - Firms Pinched by Pressure to Hold Down...
View ArticleConsider This...
Today's modest bounce in stocks - considerably removed after-hours - does not provide much hope for those looking to buy the dip with the Dow still down over 1000 points year-to-date. In fact, as we...
View ArticleFrontrunning: February 5
Goldman to Fidelity Call for Calm After Global Stock Wipeout (BBG)Turnabout on Global Outlook Darkens Investor Mood (Hilsenrath)EU Said to Weigh Extending Greek Loans to 50 Years (BBG)Second Storm...
View ArticleFrontrunning: February 6
Draghi as ECB Master of Suspense Keeps Investors on Edge (BBG)Abe lays out detailed plan for expanding defense powers (Nikkei)Inflation Fuels Crises in Two Latin Nations (WSJ)Obama walks into crossfire...
View ArticleFrontrunning: February 10
Yellen's first test (Reuters)Let weak banks die, says eurozone super-regulator (FT)Yellen, Carney Face Explaining Policy as Benchmarks Near (BBG)Commerzbank Said Seeking Debt Buyers in $6.8 Billion...
View ArticleFrontrunning: February 11
Frustrated by Karzai, U.S. Shifts Afghanistan Exit Plans (WSJ)Yellen Testimony Guide From Payrolls Report to Emerging Markets (BBG)Gold hits three-month high, shares up ahead of Yellen...
View ArticleClik here to view.
Porsche Sales Surge To Record - 3 Years Ahead Of Plan
It seems yet another (luxury) car maker did not get the "but it's the weather" memo. Following Mercedes record sales in January, Porsche has announced today that expects to hit a target of selling more...
View ArticleClik here to view.
CBO 'Admits' Assumption That US Never Falls Into Recession Again Is Wrong
Submitted by F.F. Wiley of Cyniconomics blog,From budget projections released by the Congressional Budget Office (CBO) last week:CBO now expects that output will fall slightly short of its potential,...
View ArticleYen Carry Trade Fumbles Again But Equities Supported By Strong European GDP Data
So far the overnight session has been a replica of yesterday, with the all important carry trade once again fizzling overnight during Japan trading hours, and dipping as low at 101.60 before staging a...
View ArticleClik here to view.
US Organized Labor Humiliated After Volkswagen's Tennessee Workers Vote...
While US organized labor has been in a state of steady decline for several generations, never had it suffered as crushing a blow as it did last night, when in a 712 to 626 vote, Volkswagen's hourly...
View ArticleFrontrunning: February 19
Ukraine leader denounces coup bid, West weighs sanctions (Reuters)Time to buy Imodium calls: Kuroda Easing Doomed as Yen Seen Missing 120 Level (BBG)Teens Disappear From U.S. Workforce (BBG)Fed Sets...
View ArticleClik here to view.
Tesla: When Just GAAP Revenues Are Not Enough, Unleash The Non-GAAP
The reason why Tesla is soaring currently after hours, is because this momo story stock just unveiled the next chapter of its carefully spun story. To wit:The first Model S deliveries to China are...
View ArticleSmoking Cigars By A Mountain Of Napalm
Submitted by Simon Black of Sovereign Man blog,I need to caveat this missive and highlight that I am not a pessimistic person. I’ve traveled to so many places over the years– well over 100 countries....
View ArticleFrontrunning: February 24
Ukraine Seeks $35 Billion as Yanukovych Warrant Is Issued (BBG)Ukraine's fugitive president wanted for mass murder (Reuters)Polar Vortex to Bring More Snow on Return to U.S. This Week (BBG)China...
View ArticleZombie Dance Party: Its Only a Monopoly, But I Like It
In my last post on Zero Hedge, we talked about why the shareholders of Fannie Mae and Freddie Mac don’t deserve any special consideration – except perhaps the sympathy of a priest or bartender. When...
View ArticleFrontrunning: February 25
Turkish PM says tapes of talk with son a fabrication (Reuters) but opposition confirms authenticity, and national TV carriers cut parliament when played liveInside the Showdown Atop Pimco, the World's...
View ArticleClik here to view.
Morgan Stanley Underwrites TSLA Convertible Offering Day After 100% Stock...
Tesla has just announced it intends to issue a $1.6 billion convertible note offering "for the development of a "Gigafactory" and a "Gen III" vehicle." While not that unusual - and of course, why not...
View ArticleFrontrunning: February 28
Yuan suffers biggest weekly loss as PBOC punishes speculators (Reuters)Euro Gains as Bonds Decline With Stocks on Inflation Data (BBG)Biggest Sovereign Fund Forced to Sell Stocks as Mandate Breached...
View ArticleFrontrunning: March 3
Russian markets hit as Putin tightens grip on Crimea (Reuters)Ukraine Sees More Russian Incursions as Standoff Worsens (BBG)Ukraine Crisis Roils Global Markets (WSJ)Cold War Ghosts Haunt East Europe in...
View ArticleClik here to view.
GM Channel Stuffing Rises To All Time High
Moments ago GM reported that February total sales in February dropped 1% Y/Y to 222,2014, beating expectations of a 7.7% drop (if the same beat was not matched by GM's key competitor Ford, whose...
View Article