Martes 16/02/16 Manufactura en New York

[Fenix]

Oil Price Volatility Soars Near Record Highs
Submitted by Tyler D.
02/16/2016 - 11:04
Oil prices (and the broader financial markets)
have suffered from acute bouts of volatility so
far in 2016, with dramatic intraday swings the most worrying feature, and as OilPrice.com's Charles Kennedy warns, this shows no signs of letting up.


Fed's Kashkari Says "We Won't See Next Crisis
Coming", Compares Banks To Risky Nuclear
Reactors
Submitted by Tyler D.
02/16/2016 - 10:44
"Unfortunately, I am far more skeptical that
these tools will be useful to policymakers
in the second scenario of a stressed
economic environment. Given the massive externalities on Main Street of large bank
failures in terms of lost jobs, lost income and
lost wealth, no rational policymaker would risk restructuring large firms and forcing losses on creditors and
counterparties using the new tools in a risky environment, let alone in
a crisis environment like we experienced in 2008. They will be forced to bail out failing institutions—as we were."

[Fenix]

Carl Icahn, David Einhorn Dump "No Brainer" Apple
Shares
Submitted by Tyler D.
02/16/2016 - 17:31
Having opened his position in AAPL in Q3
2013, Carl Icahn's projections,
prognostications, and positioning have all lent credence (for CNBC watchers) to buying into the "no brainer" stock.
However, it appears the plunge in the stock of the last few months
has taken the shine of Icahn's glee as, according to his fund's latest 13F, he dumped 7 million shares (or aound 14% of his
position) in Q4 2015. In addition, Greenlight's David Einhorn dumped 44% of his holding in Tim Cook's releveraging firm.


Will Gold Be The World's Best Currency, Again?
Submitted by Tyler D.
02/16/2016 16:25 -0500
Central Banks Copper New York Times Trail of Tears
Submitted by Henry Hewitt via OilPrice.com,
After Peak Debt Comes Deflation Paper money, ‘the Heaven-sent leaf’, is nothing new, but it has not always been held in high regard nor previously attained its unquestioned
position as the lubricant of trade, financial markets and the road to
wealth. In fact, for most of the last 2,500 years, since Croesus brought
scalable coinage to the world, paper money has been considered a
temporary, even flaky, alternative to real money – hard money –
gold and silver specie. Indeed, even in recent memory, the road to the Emerald City was paved with ounces of gold, hence the Yellow
Brick Road in the Land of Oz If you are an investor, this may be the time to have a serious talk with
the face you see in the mirror and ask: Have we really moved on from the ‘barbarous relic’? Can paper money keep its value when all the
Central Bankers and planners in the world are intent upon printing
as much of it as they possibly can? Is it different this time? Who needs paper, you say? Now we have electronic money, bits and
photons flashing across our screens, capable of leaping vast oceans at
a single bound. That is different. What isn’t different is that those bits,
and that paper have to represent something of value, and in a world
where the ability to produce anything and everything – from the paper
itself, to copper, aluminum, iron ore, oil and the ships to move them around the world – has reached a point that there seems to be more
stuff available than demand from those who put that stuff to work, or
even on the shelf expecting to sell it in the not too distant future. In the process, driven by animal spirits that have always taken
markets to new heights, another summit has been reached – peak
debt. From the pages of The New York Times we read: “Beneath the surface of the global financial system lurks a multitrillion-dollar problem
that could sap the strength of large economies for years to come.” One sure way to know that the world’s economy is in a pickle is
the arrival, and continuation, of low, even zero or negative rates of
interest around the world. What does that even mean? It means that investors are so concerned they would rather pay a government or
institution for the privilege of lending them money than keep it in a local
bank or under the mattress. It happened in 1932, just before the wheels
fell off the U.S. banking system. It is happening now. David Stockman, the Reagan Administration’s boy wonder when it
came to financing ‘supply-side’ economics, a policy that Mr. Reagan’s
presidential rival in 1980 (George Bush Sr.) called ‘Voodoo economics’,
has seen the light. What a pity it wasn’t gold paint. Chart of Gold Prices A move from 1,100 to 1,900 -- 2011 peak -- is a gain of 72 percent, roughly the gain mandated in the Gold Reserve Act of 1934. Even if the thought of buying or owning gold is sacrilege to your ears,
and you just cannot bring yourself to do it, you ought to be asking
yourself if more paper money makes sense now. When you had that
chat with the face in the mirror did you ask: “How much faith do you have in paper money? How much faith do you have in Central
Banks? How much faith do you have in the fiscal probity of the
government?” “Attention K-Mart shoppers, shares that could be bought in 2009 at the
devilishly low price of 666 on the S&P 500 are now going for 2,000. Get
‘em while they last. Don’t wait for 3,000.” In other words, shares that were ‘too risky’ at 666 became ‘prudent’ investments at 2,000. At 3,000
they should be risk free. Am I missing something? If you cannot help yourself and still believe that the road to wealth and
security lies along the paper trail (and not a trail of tears), you won’t be
alone: Average: Your rating: None Average: 4.2 (5 votes) » Login or register to post comments 19599 Reads Printer- friendly version Send to friend - advertisements - Stories You Might Like Recommended by Supernova Born Capital controls. War on cash. Barbarous relic propaganda. Banksters are losing it and they know it. Soul Glow I wish they would all die. Edward Quince I assure you that King Dollar will outlive us all.
Now back to work with you, no more internet commenting! remain calm Let me point out something to my gold
friends. Fidelity is buying Gold (GLD) and
Gold stocks big time Looking at the 13F filings released today (good story Tyler for upcoming
topic). The important thing to remember is that these
mega mutal fund companies buy into a sector slowly,
they don't do it all at once and tend to be holders and
not traders. So FUCK YOU GOLDMAN SACHS. 1000 splendid
suns I intend to create a list of consumer
goods and services, priced in ounces of
gold and silver. Those satanists aren't just going to give up their
power. They've been working at it for hundreds of
years. Don't you think it's just time to opt out? Pick up
your marbles and play a different game.... Element There's a load of overwrought unbalanced
hysterical hyperbolic bullcrap. Check your
facts tool. There are a few central banks printing, not all,
not even close, the majority aren't. Submitted by Henry Hewitt via OilPrice.com, And why am I Jack's total lack of surprise,
that another of these fucking useless dodgy OIL rumor-mongering websites, is yet again engaged in click-bait attention-seeking doomism? How out-of-character of them! SafelyGraze gold can never serve as a
legitimate currency. first of all, it isn't frangible. secondly, someone could discover a
mountain made of gold and then all the
extant gold would diminish in value. third of all, gold is denser than paper,
wood, and et cetera which makes it prone
to sinkage. and fourth of all, gold melts and the third
party risks in terms of what its value is
not backed by or whether it is anything
vis a vis the governments https://www.youtube.com/watch?
v=aX8lx9Mglcg hugs,
bridget browns bottom All Risk No Reward Their feelings are reciprocal, except they control
the money, so they have a distinct advantage
over you. theliberalliberal I wrote this song about Australia demonetising silver. I
hope you like it. https://youtu.be/3ZJxtow1QAg iggenFlot Best advice is to buy gold all the way down to $500.
You're going to smell like a rose in 2040 when these
Keynesians are repudiated! French Bloke It (gold) is cheap now considering the amount of
$'s, £'s, Euros, Yen printed since 2008. That fiat
expansion has gone up exponentially and has disappeared into the banks black holes. At some point the
printed digi $'s have to resurface and give the plebs
spending power that will create high inflation. Until that time
we have the instability in the giold price. When the
derivatives market starts to collapse there will be a short
run up to far higher prices in gold. That day may be this year and Syria could well be the catalyst. Lots of things
happening globally to keep an eye on... SunRiseHmmm, I'd bet that by 2040 not every reader will
be smelling like a rose. SuperRay More like pushing up daisies Kirk2NCC1701 I really don't care if AU is used to back currencies. I'd
rather see our banks stop suppressing its natural
price, so that the MFers in CHINDIA can keep buying it at the Blue Light Special deep, deep discount. Fuck
CHINDIA! Up the price and make them pay through the nose! Wall St, you need no longer fear that China wil "dump US Debt"
and kill the dollar. This is now a false argument, a red herring. With the transcontinental treaties (TPP, TTIP) in place, the
USD is assured its GRC hegemony, because the combined
GDP of said treaties dwarfs anything the BRICS have in a good
year. JustObserving It is the world's best currency now. Only about $2.5 trillion
of gold available today and world debt and unfunded
liabilities are around $500 trillion. World GDP is $60 to $70 trillion. With NIRP everywhere and governments banning cash, gold should
keep rising despite the Fed attacking it everyday Citxmech Yeah - about $240,000.00/oz sounds about right. . . SunRiseTrue, then I'll buy a set of tires for my car with it. SoilMyselfRotten So you buy a new set of tires for your Rolls
Royce, no problem Kaiser Sousa "In December 1912, no lessor man than J.P.Morgan testified to Congress to "justify Wall Street," during investigations over alleged manipulation and collusion. The
transcript reads like it could have been given yesterday (as nothing
ever changes) but at its heart the banker laid out 33 "Morgan
Epigrams" which appear - in the ensuing 102 years - have been lost
to greed and arrogance... The irony is wondrous: "Securities do not always prove good", "Money is gold, and nothing else", "I
think manipulation is always bad." ... anymore fucking questions???????????? Hail Spode One nation needs honest money first. Then when they get
honest money, they need to erect barriers to keep
dishonest money (fiat) from driving out honest money. Only a government with no money of their own would enforce
honest money for any length of time. The law should be: No trading
your fiat paper for our goods. Convert it to gold or silver (platinum et
al) first. Then buy what we make with that. So long as some
government can print bits of paper that can be traded for the real
goods and services of hundreds of millions of serfs they will have a way to keep gold down. Unfortunately, a just government must stop
foreign currency whose value is attained by the force of other
governments from infecting the domestic economy. I am skipping a
lot here, but this is a sharp audience. Honest government (or as close as we can get that in a world of
flawed humans) has a duty to protect the population from the fraud
that is fiat. Fraud in which all wealth must in time move from
producers to those closest to the printing press. This is not capital
controls. It is control of debt masquarding as capital.... lasvegaspersona What is Honest Money? It is money that is what it says it is... vega113 No. Gold is not digital, so it can't be the worlds currency in
21-st century. And any attempt to make it digital - won't
work as digital gold can be "printed". So, the only thing that is like gold but digital is bitcoin. But bitcoin is not only digital
gold, it is also a platform (internet of money) that allows to digitize
things that weren't digital - with smart contracts technology. Alea Iactaest Schism Over BitCoin Mike Hearn, an ex-Googler and one of the biggest names working on the software underpinning BitCoin, called the
digital currency “a failed experiment.” In January he parted
ways with the BitCoin community and he sold all his BitCoin.
He said he was fed up because the BitCoin system—software
that runs across a vast network independent machines spread
across the globe—was “completely controlled by just a handful of people” and “on the brink of technical collapse.” From a technical perspective, Hearn believes BitCoin is
screwed if the block size doesn’t increase. The BitCoin network
currently does about seven transactions per second. PayPal
does 100. And Visa does 4,000. Coinbase adopted a new blockchain last week, now called
"BitCoin Classic", which increases the length of the blockchain
from 1mb to 2mb. Unless 75% of all miners also adopt the
standard within a month then it will split the community. It might make sense to adopt the new, longer block chain but
nothing is that easy: Two Chinese operations control about 50
percent of the network’s mining power, and they’re reluctant to
adopt the larger block size. “[They] refuse to switch to any
competing product, as they perceive doing so as ‘disloyalty’—
and they’re terrified of doing anything that might make the news of a ‘split’ and cause investor panic,” according to Hearn. One of the other issues with Chinese miners is that they’re
behind China’s Great Firewall, the system that filters Internet
content according to the dictates of the local government. This
means Chinese miners can’t communicate with the rest of the
Internet as quickly as other miners, and if the block size is
increased too much, things will slow even more. In certain situations, that could mean they lose out on BitCoin payments. Is there a happy ending? Probably not. Even if BitCoin Classic
is adopted, its two megabyte block size will eventually become
a problem, too. Source: http://www.wired.com/2016/02/the-schism-over-bitcoin- is-how-bitcoin-is-s... lasvegaspersona Bitcoin is just another medium of exchange. It is
unstable in price and will never be a suitable long
term store of value. What is the attraction?...except as a gamble...? Grave hearn - a laughing stock of IT,
a failed drama queen working for banksters now with nearly no code contributions to bitcoin tried to take over bitcoin several times, and tried to force
orwellian "features" into bitcoin codebase, and when
community said "thanks but no thanks" threw a tantrum
and performed a "whiny ragequit" - known from now on as
so called "hearning" and as for blocksize nonsense fud:
bitcoin is not a payment system, it is a currency system, a
fintech backbone of 21st century upon which new layers
and protocols are built, including payment channels
anyone failing to grasp this is either a clueless dumbass or
liarAlea Iactaest You BitBoyz should take a peek at a
company called R3... the BitCoin killer. R3 is working to develop a blockchain solution which
satisfies its banking partners. You can read a little
more here: ... Why would the TBTF entities which control banking/
finance want to throw in with BitCoin? Absolutely no
reason they should. It probably provides an interesting
testing ground, but at the end of the day these
companies aren't known for sharing with anyone not
already in the "club". By the way, Barclay's (one of the backers of R3) is
working with at least three other blockchain startups:
Safello, Atlas Card, and Blocktrace. So it looks like blockchain is here to stay (kills me to
say h/t to Fonestar)... but BitCoin prolly ain't the future. Grave bitcoin is THE blockchain, what a bunch
of morons without network effect all you have is a database
like any other.
the power of bitcoin is in its decentralized network
that is OUT of the hands of banksters. banksters debtcoin will be badly designed with
poor security, and with infinite supply of coins
because they can just modify the code as they
please because it doesnt require network
consensus. just watch their debtcoin faceplant as it crumbles
after a number of simple attacks performed by a
bunch of scriptkiddies while bitcoins network cant
be overtaken even with ALL top 1000
supercomputers put together. bitcoin vs bankster cartel:
1. first they ignored bitcoin - check
2. then they laughed at it - check
3. then they fight it - in progress
4. then bitcoin wins - near future tmosley Yes, bitcoin is on the way out. Dash addresses all
of these issues and more. They actually pay the
people that run the nodes (fancy that) so there are far more of them AND transactions are instantaneous.
They are also far, far more anonymous than Bitcoin, with
Darksend even more anonymous than that (IIRC, an
attacker would have to control 90% of the network to be
able to determine who send how much to who else. I'm all out of bitcoin and my entire (measly) crypto
allocation is in Dash now. Avoid Etherium. I have it on good authority that it is a
scam. rayban Weren't they thinking about trading mini-Bitcoins
around the all-time high? Hence Bitcoin could split, just as any stock. Try splitting one gram of gold in a thousand
parts and see what happens. DeepFriedLizards Which is where silver comes in. Seriously, you're
not really that stupid. FIAT CON apparently he is! Okienomics See http://www.bitgold.com and get back to us on that. bamawatson bitcoin is also a honeypot, a techno treasure
trove; an eternal trail for people fool enough to
trust technology. Who is satoshi? none of you know. Consider the entire operation from get-to-go might be
a deep state honeypot. Prove me wrong. No one can
((unless satoshi crawls out from mommy's basement)) MalteseFalcon Bingo. misalkin If USA wins and we will find out they have no gold, than
new currency won't be based on gold. If China & Russia & India wins ww3 than new currency most likely
will be based on gold. I have no idea on what new money can be based if USA wins after
all, maybe somehow technologicaly money will be linked to life, or
some medicine, or just based on nothing else than pure army/police
force. Still it is likely that if USA wins they will steal loosers gold
and base new money on gold, hard to say. FIAT CON He who holds Gold already won. It doesn't matter
which country wins or makes the next reserve currency, he who holds gold holds money! It's just that simple. seek It already is. Honestly, that's the problem. That's why so many work so hard to make it go away, and why Gresham's law is in full effect. We're never going to see a time again in our lifetimes where people
are passing gold and silver coins among each other as a normal
form of payment. Not saying gold won't be part of whatever
monetary system arises out of the ashes of this one, but that's
what it will be -- a component, maybe even a key one -- of
something that allows the sort of frictionless electronic trading we're used to remain in the market. TheEndIsNear That's odd, the image that should appear above looks fine in preview mode, but doesn't display at all after "Save".
Here's the link: Gold is the only thing that truely represents work, so if you
want something that requires work in trade, then gold will
always work, like it always has... because it is WORK. Gold = Work gmak Nonsense. ANything you produce represents work. If
I bake ten loaves that truely represents work. If I fill
out 50 tax returns, that truly represents work. We are what we produce. Gold is just another means of keeping track,
if everyone agrees to it. Wow72 Right but if I dont want your ten baked loaves and
you want my ten "special" brownies, I will take the
gold as a place holder that represents equal work for the next trade.. This is how its been done for thousands
of years.. Gold is a place holder of work that is universally
accepted. Just look how liquid gold is, it is what it is. rice
= work = money corn = work = money gold = work =
money they are all liquid, but gold is a universal place
holder in trade. Thats how I interpret it, thats the only way it would last 5,000 + years because its sound, solid
money. There is no third party risk or promises to keep like a
dollar, it is what it is.. ITS GOLD/WORK. Real money.. no
third party liability. Except of course massive government
price manipulation, but that can only last so long. GOLD = NO BULLSHIT = TRUTH this is why Uncle Sham
hates gold because it shows us the TRUTH or TRUE
VALUE. When gold is not manipulated and you know
somethings value in gold you know its "True" Value. When
gold is being distorted you know very little. They cant print enough gold to make it irrelevant like they
can the dollar and give themselves the false(but very real)
power that they have with the dollar. The dollars credibility is being destroyed by morons and
because its not "Backed" there is no backstop for "Moron"
behaviour. In other words the dollar is only as good as its
NEW "Rulers" and they? SUCK? Not lots of confidence
here and thats the only thing the dollar has left... Nothing
but worthless paper with no credibility. Its embarrassing, if you have no gold standard you should at least act like
adults? If you have no gold standard and no adults... Well
do I need to say it? Look at all the cultures that worship gold and recognize
gold, there is not a more universal form of money than gold
and silver. Ever. It is what it is, we should accept it and
not fight it. and just for good measure from an Ex-FED Member. Gold forms the base of money Wow72 Gold = Hard evidence of work performed...
Gold doesnt just pop out of the ground you
have to search and find it and dig it out of the ground, it takes more effort than baking loaves of
bread. So this qualifies it as a solid, indisputable form
of work. When your looking at gold your looking at
hard evidence of work performed.. When you look at
the dollar just wonder how many they printed last
month, how much did they dilute your wealth. pFXTim so...are you saying that no work was/is
required for federal reserve notes to attain
the position the currently hold? Wow72 No, but how much they are worth?
Credibility wise not much, they were
"petro" dollars and the price of "petro" has plummeted while having no effect
on the currency what so ever. Im really not
sure where the "value" comes from at all from
the current dollar. There have been Trillions
of dollars printed. check this out http:// pricedingold.com/us-dollar/ When push comes to shove in a finite world is
when it will start to matter. No one wants to
see it right now but when its forced on us I
think people will start to get it? If everyone
has dollars but resources are scarce to limited
the last thing people will want for payment is DOLLARS. This will happen because its
FAKE MONEY. Its not real. It no longer
represents work and everyone has plenty of it. Where do you run in a world of lies? to the
truth Gold = Truth. manofthenorth Silver is money. Gold is as well for sure but at fair valu is to expensive for most any normal
transaction. More like collateral than
"spending money". Gold is for holding, Silver is for spending. Even copper at fair value should play a
role in small transactions and making
change for silver. Worked that way for a VERY long time
before the bankers took over the world. Wow72 With as rare as silver is
getting I dont know that is
true any more. There is less above ground silver right now than
gold, im quite sure and if not there
will be much less soon.. Silver gets
consumed or "spent" as you say and
gold gets hoarded, this has made or
is making silver more rare and when you realize Silver has the most uses
of any metal I would hold on tight to
my silver. Hold it as long as you
can. This is my opinion anyway.
Physical Silver is a great long. A real
no-brainer. Silver is used in every hospital
everywhere, its used in cell phones, it
has anti bacterial, fungal and viral
properties. It has healing properties
and there are new uses each year. I
love Silver. FIAT CON Very well said! Vuke Good point Wow72. I'd like to add gold not rerresents
work, it also "retains" it. It can buy today as much work as it did in 1960 or most other years. gcjohns1971 More...to the degree that techology extends the
amount of work a person can do. This is why economies under classical gold standards
have steady, but very low, deflation. It is because technology steadily, but very slowly, makes
everything a little easier to do each year. Back then 'saving' WAS 'investing'... because you'd be able
to buy somewhere between .5-2% more "stuff" per ounce
every year risk free. An Ounce tomorrow really was better than an Ounce today. For humans, who start in the world bare naked with
nothing, this is compounding interest working for them, so
that they can benefit even if they do not speculate. For Bankers...who loan out the EXACT same deposited
coins to multiple borrowers in the form of a loan...it is
compound interest working AGAINST them. The longer
the loan, the less likely it will be possible to be paid back
at par with interest. So fractional reserve bankers had to
be VERY CAREFUL with loans. Back then mortgages were speculations. Personal Lines of credit were fiction.
And what secured loans was COLLATERAL, REAL
PHYSICAL COLLATERAL of known and stable market
value. And Reserves? Today the many Euro banks are 'officially' levered 50:1 or
more. That's a 2% reserve or less. The US banks look secure by comparison (so long as you
pretend you don't know they are lying) with an 'official' 10%
reserve ratio....ergo levered 10:1. In the Gold Standard Era 'Good' banks generally had
30-40% reserves. They were levered 2:1 or 3:1. And they still failed in regular 'Panics'...because
speculations simply do not always pan out in this world. As a matter of banking, given a relatively fixed money
supply, this meant that for one loan to make good...all
things being equal, EITHER there wouldn't be enough Gold
for another loan recipient to be able to repay his loan OR
mines and mine efficiency increased leading to more Gold
in the world such that there existed enough money for marginal loans to repay plus interest. That means that generally one bank's gain was another
bank's loss, because there (by definition) was not enough
Gold in existence for both loan recipients to repay their
loans in specie. The modern Central Banking System is the banking world's
attempt to free their industry from the bonds of reality. And it works. Currency is today tied to nothing in the real world. Stated another way...there is no such thing as collateral
today. And there is no way to price things in the real
world. Instead prices are slanted towards the products
purchased by those closest to the monetary spigot. While this Banking system endures...the benefits of the
renaissance will continue to suffer and eventually expire. You can't have a modern world using a Medeval monetary
system. The factors of production will break down due to
mispricing. If you want the modern world you must recreate the
monetary system that made it possible until 1914. And if a viewing of 'Titanic' doesn't convince you then let
me assure you that 1914 had more in common with today,
than either do with the world before the Gold Standard. Besides. We've been down this road. We know how it
ends. Dicletian already did it 2000 years ago. falak pema if gold = work, I'll never work, I'll just worship gold who
will get my work done as it is work. You make gold sound like the genie in the lamp, like AI the age
of Cyborg. Genie=Cyborg and I= Aladdin is more like the coming age. Gold can then go phuck silver which can do the same to
copper. And you guys can be phucked by copper as you are last on
that chain gang. Sixteen tons and what do you get.... 1 2 next › last » Copyright ©2009-2016 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage the site: they're updated constantly without notice. Don't poke around on the site without reviewing our Cookie Policy; you expressly agree to our serving cookies unless they're disabled on your browser (instructions included). Happy surfing. Review our notice on Racial Discrimination. Share 4 “I think it’s the end of an era . . . [Central Banks] create[d]
a massive credit expansion in the world that’s stopping . .
. Everywhere is at peak debt . . . Secondly, the Central
Banks are all out of powder. The Fed has painted itself
into a corner . . . They can’t see what’s coming right at us
which is a global deflation . . . We’re gonna have a Capex depression,” he told Bloomberg on February 9. We few, we happy few, we band of buyers . . .
. . . Be he ne’er so vile,
This trade shall gentle his condition;
And gentlemen in T-Bills now instead
Shall think themselves accurs’d they were not here,
And hold their net worth’s cheap whiles any speaks That bought with us upon St. Greenspan’s Day.

[Fenix]

Tech IPO Market "Frozen" As Investors "Nurse
Wounds" After 40% Collapse
Submitted by Tyler D.
02/16/2016 - 15:40
Zero. None. Nada... that is how many Tech
IPOs there has been in 2016 - the worst start to a year in recent record. "A lot of these companies are going to have to rein in their
costs in order to survive,"

The Most Hated Dead Cat Bounce Ever? Wall Street
Is Throwing Up All Over This Rebound
Submitted by Tyler D.
02/16/2016 - 15:09
In an unexpected twist, this time the majority
of Wall Street "experts" is not only not cheering this rally on but is urging anyone who
cares to listen to use it to liquidate positions;
in fact thus may well be the "most hated
repeat dead cat bounce ever."

[Fenix]

Deutsche Bank Flip Flops, Now Begs For Central
Bank Intervention And Ideally More QE
Submitted by Tyler D.
02/16/2016 - 14:38
So there you have it: Please no more easing, but only if easing means NIRP. As everyone
has seen by now, more NIRP means a
collapse in DB risk assets. But if "no more
easing" means "even more QE", then go for it.
And just like that we are back to square minus
one, where central banks are called upon to fix the mess that central banks made, while holding banks and their flip-flopping "analysts" (and year end bonus
paychecks) hostage.

[Fenix]

China Imported At Least 217 Tonnes Of Gold In
December As London Dumped Precious Metals
Submitted by Tyler D.
02/16/2016 - 14:25
When there is no more gold left in London to
export the gold price is likely to go higher on strong global demand induced by economic headwind.

What The Smart Money Is Most Worried About:
Here Are The Four Brand New "Tail Risks"
Submitted by Tyler D.
02/16/2016 - 14:10
How things have changed in the subsequent
month. As the chart below shows, the biggest
investor fear in February had nothing to do with
a Chinese recession or an EM Debt crisis, and everything to do with the dreaded "R" word right inside the gold ole' US of A. In fact, four of the top "tail risks" are brand news, and in addition to a US recession include energy debt defaults, quantitative failure and a topic we have been
covering since mid-2015, China's relentlessly encroaching
capital controls.

[Fenix]

Larry Summers Launches The War On Paper
Money: "It's Time To Kill The $100 Bill"
Submitted by Tyler D.
02/16/2016 - 08:45 "...a moratorium on printing new high
denomination notes would make the world
a better place." - Larry Summers, Harvard Professor

Russia's Trap: Luring Sunnis Into War
Submitted by Tyler D.
02/16/2016 - 22:30
Washington should think more than twice
about allowing Turkey and Saudi Arabia, its
Sunni allies, militarily to engage their
Shiite enemies in Syria. Allowing Sunni supremacists into a deeper sectarian war is
not a rational way to block Russian expansion
in the eastern Mediterranean. And it certainly will not serve America's interests.

[Fenix]

"Venezuela’s CDS Is Now At The Same Level As
Greece’s Three Months Before Its Default"
Submitted by Tyler D.
02/16/2016 - 19:57
Is the reason why Deutsche Bank rushed to do
Venezuela's gold swap, something which
would lead to the German bank almost
certainly ending up in possession of its
physical gold in case of a sovereign bankruptcy, the result of this prediction for a T-minus 90 days before
Venezuela's default? Find out some time in mid May.

Foreign Officials Sell A Record $48 Billion In U.S.
Treasurys In December
Submitted by Tyler D.
02/16/2016 - 19:42
Based on the monthly flow report breaking down Treasury transactions between foreign
official and private entities, in December the
far more important, former, group sold $48.1 billion in US Treasurys: the highest single monthly outflow on record.

[Comodoro]

Los gráficos del día,
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