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Olduvai III: Catacylsm
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Global Markets Turmoil After China Extends Currency War To 2nd Day – Devalues Yuan To 4 Year Lows

Global Markets Turmoil After China Extends Currency War To 2nd Day – Devalues Yuan To 4 Year Lows Chinese stocks opened lower, extending yesterday’s losses, after The PBOC weakened its Yuan FIX dramatically for the 2nd consecutive day(from 6.1162 Monday to 6.2298 last night to 6.3306). Offshore Yuan fell another 9 handles against the USD after China […]

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In Latest Market-Rigging Scandal, ITG Busted For Frontrunning Clients In Its Dark Pool

In Latest Market-Rigging Scandal, ITG Busted For Frontrunning Clients In Its Dark Pool Last year, first in the aftermath of NYAG’s lawsuit against Barclays followed promptly by Michael Lewis’ “Flash Boys” (which over a year later is still a better seller than “GS Elevator’s” attempt to be this generation’s Tucker Max) exposing High Frequency Trading for being […]

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“Far Worse Than 1986”: The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says

“Far Worse Than 1986”: The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says On Tuesday the market got yet another reminder of just how painful the “current commodity price environment” has been for producers when Chesapeake eliminated its common dividend in order to conserve cash. After noting the plunge in Chesapeake’s shares […]

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Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms

Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms Last night, when we concluded our overnight summary state of affairs we said that “we expect some resolution around first light this morning, and while another Greek can kicking and some last-moment “hope” is surely in the cards, we know two things: […]

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China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge

China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge Here is a brief sample of some of the measures the Chinese government and the PBOC have unleashed in just the past ten days to prop up the crashing market include: a ban on major shareholders, corporate executives, directors from […]

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Will Greek “Hope” Offset “Limit Down” Contagion From The “Frozen” China Crash

Will Greek “Hope” Offset “Limit Down” Contagion From The “Frozen” China Crash Today’s market battle will be between those (central banks) “hoping” that a Greek deal over the weekend is finallyimminent (which on one hand looks possible after a major backpeddling by Tsipras – who may never have wanted to win the Greferendum in the first place – […]

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Greece: Out Of Cash, Out Of Time, Out Of Options

Greece: Out Of Cash, Out Of Time, Out Of Options On Friday Greece is due to pay at least a quarter of the €1.5bn due to the IMF in June.  … The creditors say they will only disburse the money if the Greek government enacts various key economic reforms and does not roll back reforms the […]

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“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming”

“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming” Ali and Frazier, Laurel and Hardy, Mayweather and Pacquiao, Liesman and Santelli, and now Schiff and Maloney. Peter and Mike join clash of the titan-like to discuss their investment strategies and expose the charts the government doesn’t want you to seeas […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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