In Ironic Twist, Stock Crash Leads To First CNBC Ratings Increase In Years
If CNBC’s intention when moving its Squawk Box crew from Englewood Cliffs in NJ to the Rock Center in Manhattan, not to mention hiring Andrew Ross Sorkin four years years ago (there has been a 23%...
View ArticleThe Complete FOMC Cheat Sheet: All You Need To Know
The data, according to many analysts, have been broadly supportive, with stronger growth and a tightening in the labor market that should allow the Fed to be "reasonably confident" that inflation will...
View ArticleUS Manufacturing PMI Stagnates at 2-Year Low With Weakest Employment Since...
Given the fact that for the first time since the recession, manufacturing has added zero jobs this year, that ADP just saw a drop in manufacturing jobs, Markit reports September US Manufacturing PMI...
View ArticleChina’s President Tops Obama In “Most Influential” Ranking
Chinese President Xi Jinping topped US President Barack Obama to take the second place amongst 50 people in Bloomberg's 5th annual Market Most Influential Ranking. As Xinhua notes, according to...
View ArticleFrontrunning: October 15
China economic growth seen slowing despite policy easing (Reuters) FBI, Justice Department Investigating Daily Fantasy Sports Business Model (WSJ) Obama to slow pace of withdrawal of U.S. troops from...
View ArticleYou Know It’s Bad When…
…more Venzuelans than Americans believe their children's financial futures will be more secure than their own… While some might argue "well, Venezuela are at rock-bottom, so they only have on way...
View ArticleGlobal Trade, Demand Continues To Dry Up As China’s Exports Miss For Fourth...
When China moved to devalue the yuan on August 11, there was some debate about whether the PBoC was acting to promote renminbi internationalization (thus bolstering Beijing’s IMF SDR bid) or simply...
View ArticleAs Of Today, The Baltic Dry Freight Index Has Never Been Lower
Having fallen for 20 straight days, crushing the hopes and dreams of the mid-year bounce – and thoroughly breaking down from seasonally positive tendencies – The Baltic Dry Freight Index has collapsed...
View ArticleSubprime Auto Lending Soars As Fed Report Shows Spike In Loans To...
When last we checked in on America’s auto loan bubble (which recently ballooned past the $1 trillion mark) the “visionary” ex-Santander execs over at Skopos Financial had just finished selling some...
View ArticleGlobal Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks
"This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines – having...
View ArticleWhat Recovery? Spanish Wages Tumble To Weakest Since 2007
Amid all the singing and dancing over Spain's miraculous recovery and Europe's renaissance on the back of Draghi's money-printing machine, it appears – just like in America – that below the glossy...
View ArticleGlobal Stocks Rebound As Geopolitical Tensions Subside; Europe Surges On...
Following yesterday’s dramatic geopolitical shock, U.S. equity index futures rise as Russia has not escalated the confrontation with Turkey as some had feared, while Asian shares fall, reversing...
View ArticleWorld’s Largest Pension Fund Suffers $64 Billion Loss After Doubling Down On...
The thing about being a pension fund in a world where returns on risk free assets are at best an inflation adjusted zero and at worst guarantee a loss when held to maturity is that you’re effectively...
View ArticleFourth Turning – Our Rendezvous With Destiny
Submitted by Jim Quinn via The Burning Platform blog, In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I...
View ArticleSalient Partners Issues A “Storm Warning” For The Market
Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog, Can everyone saying “a 25 bps rate hike doesn’t change anything” or “manufacturing is a small part of the US economy today, so the ISM...
View ArticleSaudi Arabia: The Mainspring Of Islamic Radicalism
By Nauman Sadiq Saudi Arabia: The Mainspring Of Islamic Radicalism If we look at the evolution of Islamic religion and culture throughout the 20th and 21st centuries, it hasn’t been natural. Some...
View ArticleAzerbaijan Currency Crashes 50% As Crude Contagion Spreads
OPEC blowback continues to ripple around the world. With Russia's Ruble pushing back towards record lows against the USD, and Kazakhstan's Tenge having tumbled to record lows, the writing was on the...
View ArticleThe Dollar Shortage Has Arrived: Africa Runs Out Of Dollars
Two months ago, when looking at the latest basis spreads, we showed that a disturbing development, first flagged here in March, was getting worse: namely the “Global Dollar Shortage Intensifies To...
View ArticleA Year In The Fabulous Life Of Kim Jong-Un, In Pictures
As the November attacks in Paris and the downing of a Russian passenger jet over the Sinai Peninsula vividly demonstrate, we live in a dangerous world. Indeed, these are trying times for civilized...
View ArticleWe’re All Fascists Now
Submitted by James E. Miller via TakiMag.com, After decades of bitterly partisan acrimony, a consensus has been forged. Americans on all sides of the political compass finally agree on something:...
View Article