Frontrunning: February 4
Arab World Unites to Condemn ‘Barbaric’ Death of Jordanian Pilot (BBG)Jordan hangs two Iraqi militants in response to pilot's death (Reuters)As Oil Prices Climb, Some Harbor Doubts (WSJ)Taiwan plane...
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Behold SubTropolis: The Underground City Located In An Excavated Kansas Mine
More than 1,000 people spend their workdays in an industrial park housed in an excavated mine the size of 140 football fields.As Bloomberg reports, the underground industrial park known as SubTroplis...
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Rate cuts since Lehman: 542 and counting
Follow Zerohedge in Real-Time on FinancialJuiceHEADLINES MOVING MARKETS TODAYGreece's Tsipras Insists On New Deal With CreditorsGreek FM pledges 'frenzy of reasonableness'Greek Cbank Gov: Greek...
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Asset Managers Or Asset Gatherers?
Submitted by Tim Price via The Cobden Centre blog,“The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved in illegal manipulation...
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US Rig Count Collapse Accelerates, Production Stays High
The worldwide rig count ended January at 3,309, down 261 from December but it is the US and Canada that is dominating that collapse. Following last week's all-time record absolute drop of 94 rigs (over...
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Too Big To Sail? Container Ship Cost-Cutting Creates Potential Of "Nightmare"...
We remarked on the first notable casualty of the collapse of global trade and with it the cost of shipping freight last week when the first of the bulk shipping bankruptcies occurred, but as The South...
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Goldman Warns "Don't Count On Rig Declines To Balance The Oil Market Just Yet"
With WTI back under $50 once again (the mainstream media's new Maginot Line for oil complex stability - just like $80, $70, and $60 was), it appears more investors are waking up to the reality of an...
View ArticleFrontrunning: February 12
'Glimmer of hope' for Ukraine after deal at Minsk peace summit (Reuters)Ruble Rebounds, Russian Stocks Surge on Ukraine Cease-Fire Deal (BBG)Greek PM Tsipras in Brussels as clock ticks on EU bailout...
View ArticleFrontrunning: February 13
Greece will do 'whatever it can' to reach deal with EU (Reuters)ECB Urges Greek Political Deal as Emergency Cash Is Tight (BBG)Fighting rages in run-up to Ukraine ceasefire (Reuters)Eurozone GDP Picks...
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"The Rig Count Decline Is Not Sufficient To Slow US Production" Goldman Warns
While so much has been made of the considerable decline in US rig counts as the driver behind the recent price bounce in oil, Goldman Sachs' Damien Courvalin pours cold water all over that narrative as...
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David Tepper Dumps 40% Of US Equity Exposure Despite Claiming "Stocks...
At the start of Q4 2014, Appaloosa's David Tepper made a series of statements - dismissing Bill Gross as irrelevant (nope - turmoil caused by PIMCO unwinds roiled credit markets), calling the end of...
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The Chilling Thing Devon Energy Just Said About the US Oil Glut
Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichterThe oil-price plunge hit the industry when it was drunk on its own exuberance and awash in money. At the time, over-indebted...
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Tesla: Bonfire Of The Money Printers' Vanities
Submitted by David Stockman via Contra Corner blog,The trouble with the money printing madness in the Eccles Building is that it generates huge deformations, misallocations and speculative excesses in...
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Janet Yellen Is Freaking Out About "Audit The Fed"– Here Are 100 Reasons Why...
Submitted by Michael Snyder via The End of The American Dream blog,Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first...
View ArticleFrontrunning: February 26
Goldman Employees Reaped $2 Billion From 2008 Options Last Year (BBG)On Bush turf, Obama blames immigration woes on Republicans (Reuters)Tougher Internet rules to hit cable, telecoms companies...
View ArticleFrontrunning: February 27
Central Banks With Negative Rates Spur Question of How Low to Go (BBG)DHS to keep running: Congress edges toward domestic security funding patch (Reuters)Setbacks for Tsipras Stir Discord in Greek...
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Which New World Order Are We Talking About?
Submitted by Jeff Thomas of International ManWhich New World Order Are We Talking About?Those of us who are libertarians have a tendency to speak frequently of “the New World Order.” When doing so, we...
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On This Day 15 Years Ago...
Exactly 15 years ago today, who said it?"You want winners? [This] is what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going...
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This Is What Happens When The Government Cracks Down On Subprime Auto Loans
A running theme here has been the great rotation of bubble-blowing credit from subprime housing to subprime auto-loans. Amid government probes of underwriting standards and soaring delinquencies, it...
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Howard Marks On Luck And Skill In Investing
Submitted by Lance Roberts via STA Wealth Management,Yesterday, I discussed a few of the issues surrounding the current extension of the cyclical bull market and the excuses that will be delivered when...
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