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Finance


The USA Is World #1... In Young Adult Income Inequality
submitted by mephisto 1 day ago (via zerohedge.com)
Think young adults in Mexico, Thailand, Philippines, and Russia have it tough? Think again. 20-24 year-olds in the USA have an average gross income over 40% below the national average. That is the worst disparity in the world... USA USA USA!!  Source: Goldman Sachs
 
The Implications of "Red Monday"
submitted by mephisto 1 day ago (via zerohedge.com)
By: Chris at www.CapitalistExploits.atRegular readers will have been very well positioned to take advantage of what is happening in emerging markets and specifically currencies as we can see from the fairly dramatic chart below.We've been positioning for a USD bull run for some time now. Back in October we made the call that the yuan looked like it was providing us an asymmetric payoff opport
 
Further Proof That Abenomics Is A Total Disaster: Japan Car Lobby Admits "Sense Of Panic"
submitted by mephisto 1 day ago (via zerohedge.com)
"Abenomics is not having clear traction across the country," warned the head of Japan's auto lobby on Thursday as unexpectedly weak domestic sales revealed - yet again - what an utter disaster government policy is. "We feel a sense of crisis about the fact that cars are actually not selling," he exclaimed, saying that, as Reuters reports April sales tax hike was only partly to blame for the domes
 
"It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse, People Are Being Laid Off"
submitted by mephisto 1 day ago (via zerohedge.com)
It seems like only yesterday when back on October 11, we first explained - and previewed - the collapse of oil courtesy of the secret deal between the US and Saudi Arabia. However, it seems like only this morning when we subsequently wrote that "If The Oil Plunge Continues, "Now May Be A Time To Panic" For US Shale Companies." In retrospect, it was, and with the price of crude far below mid-Octobe
 
Russia Has Begun Selling Its Gold, According To SocGen
submitted by mephisto 1 day ago (via zerohedge.com)
A few days ago, we first reported a rumor that was floating around Wall Street desks, and which, according to some, was the "reason" that gold was being kept lower even as sovereign risk was exploding around the globe. The rumor was that Russia was selling its gold holdings:Rumor Russia selling gold— zerohedge (@zerohedge) December 15, 2014This led to Bloomberg speculating, and us rhetorically a
 
The Annotated History of US Dollar Debauchery
submitted by mephisto 1 day ago (via zerohedge.com)
With everyone and their pet rabbit convinced the US Dollar strength continues, we thought some longer-term context on the 'strength' of the dollar was useful...Click image for large legible version Here is Goldman Sachs' Noah Weisberger take on Lessons From History:While the real-trade-weighted USD is now at its strongest level since 2009, having already appreciated about 7% since July, the m
 
More To Ruble's Collapse Than Meets The Eye?
submitted by mephisto 1 day ago (via zerohedge.com)
Submitted by Colin Chilcoat via OilPrice.com,The ruble is dying, and fast. In what is now being dubbed ‘Black Monday’ the ruble’s value to the dollar dropped nearly 15 percent. Tuesday brought no respite and the ruble fell another 10 percent. The ruble’s collapse follows a similar – though by no means as extreme – slump in oil prices. Still, the Russian economy&
 
Berserk Rampathon Algo Just Bought The S&P At 2,130
submitted by mephisto 1 day ago (via zerohedge.com)
4 seconds before the close, one super-bullish algorithm exuberantly bought a massive $200 million worth of the S&P 500 ETF up to a 2,130 level on the index in one second... and no - it was not a fat finger!! It was 1,147 trades! Now who do we know that is an 'expert' in ETF trading?With 4 seconds to go in today's "market" day-session, this happened:Source: NanexLLC$SPY ex-div tomorrow - did it
 
Comstock Suspends Drilling In Eagle Ford Due To Plunging Oil Prices
submitted by mephisto 1 day ago (via zerohedge.com)
Shale 0 - Saudi Arabia 1Following one after another major and shale company announcing plans to trim capex (even as they miraculously still get to keep their revenue and EPS projections intact, for now), the latest victory handed to Saudi Arabia on a silver platter comes courtesy of Comstock Resources (Total Debt/EBITDA 2.4x, EBITDA $421MM, CapEx $674MM) Comstock Resources said earlier today that
 
Fed Cat Bounce: Stocks Soar Most In 3 Years As Crude Crash Continues
submitted by mephisto 1 day ago (via zerohedge.com)
This is indeed "madness"... Just 1 word... "Patient" and this idiotic market soars 700 Dow points! (and S&P 90 Up ) - Quad Witching Machines in full retard mode... This is the biggest 2-day swing since Dec 2011. Up 4-5% in 48 hours... "Most Shorted" stocks are up 4.75% from yesterday's lows - the biggest squeeze since October 2011. Since Th
 



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