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Finance


2 days ago (via zerohedge.com)
What Would You Do?Courtesy of Paul PriceSuppose you had the technical ability and raw materials to print up counterfeit dollars, euros or yen that were identical to the real things. Assume you could spend them as fast as you could create them with no fear of any repercussions.Would you prudently print up only as much fresh currency as you needed for your current lifestyle? Would you create just a

2 days ago (via zerohedge.com)
Merv "The Swerv" King - former governor of The Bank of England - has joined the ranks of those ex-central-planners-who-feel-the-need-to-protect-their-legacy-by-rewriting-history-and-admitting-the-entire-thing-is-crazy. Speaking in Tokyo overnight, King said he’s concerned that financial markets believe real interest rates will remain very low for a very long time which has created "a significant

2 days ago (via zerohedge.com)
Submitted by Charles Hugh-Smith of OfTwoMinds blog,As the dollar soars, so does the real yield on bonds denominated in dollars.As central banks rush to depreciate their currencies and push yields into negative territory, what's becoming scarce globally is real yield in an appreciating currency. Real yield is yield adjusted for inflation/deflation: if inflation is 3% and bonds yield 2

2 days ago (via zerohedge.com)
Things in Greece are bad. So bad, that the outgoing government of Antonis Samaras decided to not only leave the new inhabitants of the official residence of the Greek prime minister, the Maximos Mansion, without power, and without the WiFi password, but they decided to "borrow" all the soap in the toilet as well. More from Spiegel, google translated:"We sit in the dark. We have no internet, no ema

2 days ago (via zerohedge.com)
Submitted by Robert Bensh via OilPrice.com,The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality, as Prime Minister Arseniy Yatsenyuk is leading the great deception.According to Prime Minister Yatseniuk, Ukraine has taken a number of important steps to reform the energy sector, and

2 days ago (via zerohedge.com)
We warned recently that the most highly correlated commodity to economic data was flashing red, but today we note that Lumber and Homebuilders are diverging in a dreadfully deja-vu-ic manner (just as they did in 2005, marking the top). While the relationship is 'loose' it seldom diverges for long... So what are homebuilders making homes out of now? As NewEdge's Brad Wishak notes, Lumber

2 days ago (via zerohedge.com)
Chinese stocks are trading lower again (on margin crackdowns) - the first 3-day drop in 3 weeks - back into the red year-to-date. Despite weakening the fix this evening, the 'market price' for USDCNY is trading at a record 1.93% discount to the official rate - inching ever closer to the 2% peg limit. At 6.2522, the market is just 40 pips away from forcing policy makes to intervene (selling the USD

2 days ago (via zerohedge.com)
Submitted by Stephen Roach via Project Syndicate,Predictably, the European Central Bank has joined the world’s other major monetary authorities in the greatest experiment in the history of central banking. By now, the pattern is all too familiar. First, central banks take the conventional policy rate down to the dreaded “zero bound.” Facing continued economic weakness, but having

2 days ago (via zerohedge.com)
At this point only an act of god, or a sudden Saudi change of heart to cut crude production by 50% (unclear which is more probable) can prevent a recession in Texas. However, one state that few thought would be impaired as a result of the crude plunge, is California. Yet as the LA Times reports, it is precisely California, and specifically Kern County located in the middle of the state and contain

2 days ago (via zerohedge.com)
Submitted by Arthur Berman via OilPrice.com,U.S tight oil production from shale plays will fall more quickly than most assume.Why? High decline rates from shale reservoirs is given. The more interesting reasons are the compounding effects of pad drilling on rig count and poorer average well performance with time.Rig productivity has increased but average well productivity has decreased. Every rig




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