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Presenting BofA’s “Number One Black Swan Event For The Global Oil Market In 2016”
Presenting BofA’s “Number One Black Swan Event For The Global Oil Market In 2016” We’ve spent quite a bit of time this year talking about Saudi Arabia’s rather precarious financial situation. To be sure, the move to artificially suppress crude prices has at least partly served the kingdom’s interests in terms of market share and […]
This Is For The ‘Nothing Is Happening’ Crowd…
This Is For The ‘Nothing Is Happening’ Crowd… A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever. But without a doubt, some very important things did happen in […]
Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates
Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates “Let me assure you, if the revenue environment weakens or interest-rate structures don’t move up and the economy slows down, we’ll have to take out more costs,” Bank of America CEO Brian Moynihan said on Thursday at the Barclays Global Financial Services Conference. And that […]
It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US […]
Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart
Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart One of the most vocal discussions in the past year has been whether the collapse, subsequent rebound, and recent relapse in the price of oil is due to surging supply as Saudi Arabia pumps out month after […]
Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns
Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns In 66 trading days on September 17, 2015, the Federal Reserve will, according to Bank of America, hike rates for the first time since 2006, which according to BofA will “end the era of excess liquidity.” We disagree entirely, but let’s hear […]
Is The Fed Still Fabricating Loan Creation Data? Bank Of America Would Like To Know
Is The Fed Still Fabricating Loan Creation Data? Bank Of America Would Like To Know Just under a year ago, when looking at aggregate loan creation by America’s banks, we stumbled upon something strange: there was a massive discrepancy between what the Fed, in its weekly call reports, said was weekly US loan issuance – which the […]
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme—an insidious cover story that has been concocted by the crony capitalist cabals that thrive at the intersection of Wall […]
The Biggest “Hamilton Oil Shock” In History
The Biggest “Hamilton Oil Shock” In History Slowly but surely, the narrative that plummeting oil prices is “unambiguously good” for the economy is fading into obscurity, as reality is starting to emerge. For the latest capitulation we go to the Bank of America chart of the day which shows that the current Hamilton Oil Shock […]
