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UK Heating Gas Prices Spike To 2013 Highs Amid Weather “Yellow Warning”
UK Heating Gas Prices Spike To 2013 Highs Amid Weather “Yellow Warning” The U.K.’s Met Office issued a ‘yellow’ warning after dumps of snow over the weekend disrupted travel, sending the price of same-day heating gas prices to their highest since 2013… The average temperature in the U.K. for the rest of Monday will be […]
Pakistan Air Force Ordered To Shoot Down US Military Drones
Pakistan Air Force Ordered To Shoot Down US Military Drones The Pakistan Air Force (PAF) has just been ordered to shoot down any foreign drones that violate the country’s airspace including attack drones operated by the United States, Chief Marshal Sohail Aman said on Thursday. The announcement is a complete change from the air force’s previous view, of which […]
China Systemic Risk: HNA Group Denies Liquidity Problem, It’s Only “End-Of-The-Year Tightness”
China Systemic Risk: HNA Group Denies Liquidity Problem, It’s Only “End-Of-The-Year Tightness” Every few days at the moment, it seems, we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. Our main source of concern recently has been HNA, after it issued […]
IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks’ Capital
IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks’ Capital The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF’s Monetary and Capital Markets Department, hardly advanced our […]
Hurricane-Force Winds Fan SoCal Wildfires As 200,000 Residents Flee Their Homes
Hurricane-Force Winds Fan SoCal Wildfires As 200,000 Residents Flee Their Homes At least four devastating wildfires continued to ravage Southern California from Ventura County south to Los Angeles, as the stifling smoke and flames drove tens of thousands of people living in the Los Angeles area from their homes in an eerie replay of the […]
150,000 Flee Los Angeles As Wildfires Rage – “We’ll Be Fighting This All Week”
150,000 Flee Los Angeles As Wildfires Rage – “We’ll Be Fighting This All Week” In what sounds like a replay of the devastating fires that killed dozens of people and torched a broad swath of California wine country this past summer, at least five discrete fires barreled across Southern California with extreme speed, torching more […]
Government Watchdog Warns Market Crash Risk Rising: “One-Sixth Of All Hedge Funds Are 15x Leveraged”
Government Watchdog Warns Market Crash Risk Rising: “One-Sixth Of All Hedge Funds Are 15x Leveraged” One wonders if the Fed ever reads the reports issued by the Office of Financial Stability, which does a surprisingly good job of laying out the risks facing the market at any one time, which incidentally are far greater than […]
How “Ghost Collateral” And “Yin-Yang” Property Deals Will Collapse China’s Credit Bubble
How “Ghost Collateral” And “Yin-Yang” Property Deals Will Collapse China’s Credit Bubble One lesson from the 2007-08 crisis was that the vast majority of financial market participants, never mind the general public, were unfamiliar with subprime mortgages until the crisis was underway. Even now, we doubt many have much understanding of repo, the divergence between […]
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud
Second Cockroach: Canadian Mortgage Lender Crashes After Admitting Mortgage Fraud Back in April/May, Canada’s biggest mortgage lender, Home Capital Group, crashed its way into the headlines, coming clean over its balance sheet-full of liar loans, suffered a bank run, and was forced to take emergency liquidty from taxpaying pensioners, and was eventually bailed out by […]
Russia Warns Korean Peninsula “On Brink Of War”
Russia Warns Korean Peninsula “On Brink Of War” Following the launch of the “largest ever” US-South Korean aerial military drills, and Pyongyang’s latest, most impressive, missile test, the Russian foreign ministry issued a warning that “the situation on the Korean Peninsula is on the brink of war,” adding that “Kim seeks to raise the stakes […]
Erdogan, Saudis Warn That Recognizing Jerusalem As Capital Would Be A “Red Line”, Have “Catastrophic Consequences”
Erdogan, Saudis Warn That Recognizing Jerusalem As Capital Would Be A “Red Line”, Have “Catastrophic Consequences” Two weeks ago, Turkish President Recep Tayyip Erdogan won an important concession from President Donald Trump when, in a phone call, Erdogan coaxed a promise from his American partner to stop arming US-backed Kurdish resistance fighters in Syria. But […]
Paul Tudor Jones: “This Market, Which Is Reminiscent Of The 1999 Bubble, Is On The Verge Of A Significant Change”
Paul Tudor Jones: “This Market, Which Is Reminiscent Of The 1999 Bubble, Is On The Verge Of A Significant Change” Just hours after Neil Chriss announced that his $2.2 billion Hutchin Hill hedge fund is shuttering due to underperformance and admitted that “we fought hard, but did not deliver the performance that you expected from […]
How A Dubious BBC Report Gave Israel The “Green Light” For Last Night’s Attack On Syria
How A Dubious BBC Report Gave Israel The “Green Light” For Last Night’s Attack On Syria Syrian state television has confirmed that Israel attacked a military base outside of Damascus overnight on Friday, which Israeli media reports involved both surface-to-surface missiles and airstrikes, while Syria says its air defense systems were engaged and intercepted two […]
Tesla’s Semi-Truck Would Require Energy Of 4,000 Homes To Recharge
Tesla’s Semi-Truck Would Require Energy Of 4,000 Homes To Recharge Elon Musk’s reliance on shock-and-awe tactics and unjustifiably lofty performance projections is creating serious problems for the so-called visionary as a growing number of experts have come forward to explain that many of his claims would defy the laws of physics. The latest group to […]
John Kerry: Israel And Saudi Arabia Urged A Preemptive US Strike On Iran Prior To Nuclear Deal
John Kerry: Israel And Saudi Arabia Urged A Preemptive US Strike On Iran Prior To Nuclear Deal Former Secretary of State John Kerry revealed earlier this week that just prior to negotiations on the 2015 Iran nuclear deal, the leaders of Israel, Egypt, and Saudi Arabia pushed hard for the US to preemptively strike Iran. […]
