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Crashing China Got You Down? Don't Worry, There's A "Soaring" Europe For That
Plunging Chinese manufacturing and an 11 month low PMI got you down? Don't worry: there's a resurgent Europe for that, which overnight reported that manufacturing and service PMI in Germany and, don't...
View ArticleFrontrunning: July 24
Humans Beating Robots Most Since ’08 as Trends Shift (BBG)Easing of Mortgage Curb Weighed (WSJ)European Banks Face Capital Gap With Focus on Leverage (BBG)Signs Suggest China Warming to Idea of...
View ArticleUgly Start As Sentiment Crunched On Cracked Credit Creation In Europe
At precisely 4 am Eastern two opposite things happened: the German IFO Business Climate for July printed at a better than expected 106.2 vs 105.9 in June and higher than the 106.1 consensus: news which...
View ArticleFrontrunning: July 25
The Department of Justice has opened an initial probe into the metals warehousing industry (WSJ)Obama Says Budget Debate a Battle for Middle Class Future (BBG)Death Toll From Spanish Train Crash Hits...
View ArticleChicago Next? Windy City Cash Balance Plummets To Only $33 Million As Debt...
While everyone's attention is focused on the Detroit bankruptcy, and just what assets the city will sell in lieu of raising a DIP loan, perhaps it is time to refocus attention to the city 300 miles...
View ArticleFrontrunning: August 1
Headlines only idiots, Schrodinger and Goebbels could love: China Manufacturing Gauge Shows Unexpected Strength (WSJ)China's factory activity shrank for a third straight month in July to its lowest...
View ArticleCar Sales Miss Expectations Across The Board
While much is being made of the ISM smash this morning and China's 'official' PMI overnight, it seems cognitive dissonance is on the rise as China's 'other' PMI collapsed and US Construction Spending...
View ArticleFrontrunning: August 2
Low Wages Work Against Jobs Optimism (WSJ)Tourre’s Junior Staff Defense Seen Leading to Trial Loss (BBG)Russia gives Snowden asylum, Obama-Putin summit in doubt (Reuters)Fortress to Blackstone Say Now...
View ArticleGoldman Sued For Monopolizing US Aluminum Warehousing Market
Over two years after Zero Hedge first accused Goldman and JPMorgan of becoming monopolists in the commodity warehousing business (see "Goldman, JP Morgan Have Now Become A Commodity Cartel"), and two...
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What They Really Think: Anti-US Hostility Soaring In Egypt
While we have previously exposed the less than exuberant perspective of many Egyptians towards the US, it now seems the torrent of anti-US hostility has reached such large proportions that the...
View ArticleGuest Post: Chesapeake Gives Up On New York Fracking
Submitted by Jen Alic of OilPrice.com,It hasn’t been a great year for Chesapeake Energy (CHK), just coming down from a management meltdown and now giving up on its leases in New York over the state’s...
View ArticleThe US Economy Grew Fastest With No Fed And No Income Tax
Submitted by Michael Snyder of The Economic Collapse blog,How would America ever survive without the central planners in the Obama administration and at the Federal Reserve? What in the world would we...
View ArticleMark Spitznagel Warns Of Investors' Grave Risk To Themselves
Authored by Mark Spitznagel - Author of The Dao Of Capital; originally posted at Forbes,The U.S. stock market’s return to nominal all-time highs amid artificial zero interest rates is sending...
View ArticleFrontrunning: August 16
Critics Decry Risks Posed by Link Between China's Banks and Bonds (WSJ)U.S. retailers say uneven recovery keeps consumers cautious (Reuters) - er, what recovery?Easy Credit Dries Up, Choking Growth in...
View ArticleFrontrunning: August 19
Egypt, U.S. on Collision Course (WSJ), Gunmen kill 24 Egyptian police in Sinai ambush (Reuters)India’s efforts fail to prevent new rupee low (FT)More bad news for AAPL: Steve Jobs Biopic Crashes on...
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Tesla Crosses $20 Billion In Market Cap: Twice Size Of Fiat
The chart below, which we are quite speechless to comment on, shows the market cap of TSLA, which will sell 35,000 cars in 2013 and must sell between 500,000 and 3,000,000 cars by 2022 to grow into its...
View ArticleUS State Department Indefinitely Postpones Meeting With Russia On Political...
US-Russian relations are rapidly going from bad to worse to hopeless. As if open public disagreement over Syria expressed in every possible venue and medium, and foreign policy in general was not...
View ArticleFrontrunning: August 27
Opposition figure: major decisions on Syria expected within hours (Al Arabiya)Syria challenges U.S. to "produce the evidence" that Assad regime launched chemical attack (CBS)British PM says world must...
View ArticleFrontrunning: August 29
UN Insecptors to leave Syria early, by Saturday morning (Reuters) Yellen Plays Down Chances of Getting Fed Job (WSJ)JPMorgan Bribe Probe Said to Expand in Asia as Spreadsheet Is Found (BBG)No Section 8...
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Lamborghini Launches Car For The 0.00001%
It seems the exuberance of a recovering housing market has spread not just to Ford, Toyota, and GM this morning but to the luxury-end of the 'renaissance'-ing auto industry... Because nothing says...
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