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Archive Monthly Archives: November 2017

"Not Our Fault" – ECB Says "Fake Data" Is To Blame For The Coming "Manias And Panics"

In the days ahead of China’s Communist Party Congress last month, which culminated with the crowning of Xi Jinping as the modern equivalent of a quasi-emperor, China’s securities watchdog made it clear to local companies that bad news would not be tolerated, and “advised” loss-making companies to avoid publishing quarterly results as authorities were desperate […]

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Time Accuses Trump Of Lying With "Person Of The Year" Tweet

As if by clockwork, president Trump has once again managed to dominated the holiday weekend news cycle, with a strategically timed, Friday afternoon tweet, in which he claimed that Time called to tell him that he was “probably” going to be named the magazine’s person of the year, but that he turned the offer down. […]

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Bitcoin, Ether Soar To New All-Time Highs; $10,000 In Sight

The race between stocks and cryptos who can hit new all time highs and keep climbing without even bothering to look back, continued on Saturday, when the two biggest cryptocurrencies by market cap, bitcoin and ether, hit new all time highs, with Bitcoin breaking above the $8,300 resistance level around 0700 UTC, and hitting a […]

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"You Are Here": Citi's Stunning VIX Chart

Something snapped in the VIX complex, seconds after Friday’s early close, sending it to a new record low of 8.56 at 13:00:14 ET… … which as we showed yesterday, was less than 10% of the all time VIX high of 89.53, hit on October 24, 2008. However, while the Friday VIX snap – which is […]

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China's Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges

Have you heard the one about the priest, the rabbi and China’s deleveraging? We forget how it goes, but it’s pretty damn funny, especially the last part after a Reuters report that following China’s repeated vows by Beijing it would reduce the country’s unprecedented sovereign, municipal, corporate and household leverage, China’s debt is not only […]

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Welcome To 2030. I Own Nothing, Have No Privacy… And Life Has Never Been Better

Authored by Ida Auken, Member of Parliament, Parliament of Denmark; via The World Economic Forum’s Annual Meeting of the Global Future Councils, Welcome to the year 2030. Welcome to my city – or should I say, “our city”. I don’t own anything. I don’t own a car. I don’t own a house. I don’t own […]

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There Is Just One Thing Preventing Elon Musk's Vision From Coming True: The Laws Of Physics

When Elon Musk stepped on stage at Tesla’s product-launch event earlier this month, he knew the market’s confidence in Tesla’s brand had sunk to an all-time low since he took over the company a decade ago. So, he resorted to a tactic that should be familiar to anybody who has been following the company: Shock […]

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US State Department Admits Plans To Meddle In Hungary's Democracy

As we noted last week, hypocrisy may be the only consistent guiding principle of US foreign policy. The Rex Tillerson State Department will pump $700,000 into Hungarian media to remove Viktor Orban. TheDuran’s Alex Christoforou writes: When another nation state uses media to communicate it’s point of view, its flagged as a foreign agent, a […]

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Just 10 Companies Account For 33% Of All Market Gains Since Trump's Election

Yesterday we laid out the reasons why French bank SocGen unveiled a surprisingly contrarian forecast, according to which the S&P would tumble from its current level over 2,600 to 2,000 in 2018, representing a more than 20% bear market drop… … the drop catalyzed by rising interest rates pressuring P/E multiples, a late cycle economy […]

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Trump Condemns "Horrible And Cowardly" Egypt Mosque Attack As Death Toll Hits 235

Update: After holding an emergency cabinet meeting, Egypt’s el-Sisi, speaking publicly about today’s attack for the first time, vowed that the perpetrators wouldn’t go unpunished. El-Sisi earlier declared a State of Emergency and three-day morning period following the attack. However, many on twitter blamed el-Sisi’s policies for emboldening the militants.   Worst thing about the […]

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