JAN 21 16 SIT EC y POL
ZERO HEDGE
ECONOMY
Another manipulation on oil?.
Is
Something Blowing Up In OIL?. Submitted by Tyler
Durden on 01/21/2016: A week
ago we warned of some insane movements and mysterious bid in OIL
(the Barclays iPath oil tracking ETN) as it traded a stunning 36% rich to its
underlying NAV. Well with oil resurgent today, as contracts roll,
something just imploded in OIL...
… textual
A
head derivatives strategist at Macro Risk Advisors, notes that OIL’s
premium rose sharply in recent days and accelerated to 48% by Wednesday’s
close. He told Barron’s that institutional traders noticed the extreme
premium and are now betting against OIL on the premise that the unusually large
premium will revert to normal. Trading volume in OIL was already more than
triple the average over the past month on Thursday with three hours left in the
trading day.
Even after today’s drop, OIL is still at a roughly
20% premium to its underlying index.
The head of derivative says that it’s not too late
for investors who own OIL to ditch it for USO: “You don’t want to be stuck holding the bag when this drops to NAV.”
***
Simply put - retail moms and pops who piled into OIL
without thinking about NAV or technical
flows just got f##ked!
As we concluded previously, The current situation is eerily reminiscent
to the heyday of the mortgage market in 2007, when mortgage defaults started to pick up,
and yet the credit default swaps that tracked them continued to decline,
bringing losses to those brave enough to trade against the crowd.
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If
This Isn't The Start Of The Crisis, Imagine How Bad The Real One Will Be. Submitted by Tyler
Durden on 01/21/2016 : Maybe this is it. Maybe the global financial
system has truly reached its limit. Maybe the world has realized that the
path to prosperity is not in conjuring money out of thin air, raising taxes, or
going deeper into debt. Maybe people have finally figured out that an insolvent
government and insolvent central bank cannot possibly continue to underpin the entire
financial system. Or maybe not. But the incredible thing is how much panic there has
been, particularly in banking and financial markets, just at the mere HINT
of problems in the system.
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Central
Banks Are Out Of Tricks. Submitted by Tyler Durden on 01/21/2016 : Once a
central bank program fails to generate a self-reinforcing rally, the
mind-trick's power is broken. No one knows precisely how and when the
global unraveling will impact their corner of the planet, but we do know one
thing with absolute certainty: central banks are out of tricks.
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Bank
Of Russia Calls "Emergency" Meeting To Address Ruble Rout. Submitted
by Tyler Durden on 01/21/2016 : Earlier today, we
highlighted a dramatic plunge in the Russian ruble which has crashed to record
lows against the dollar after staging its steepest two-day decline in nine
months. Now, amid the carnage, The Bank of Russia is set to hold an emergency
meeting with banks to discuss the FX bloodbath.
…
SEE ALSO: Russian
Ruble Crashes To Record Lows In "Panic": "Some Investors Are
Selling At Any Price"
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Market
Calls Draghi's Bluff: ECB Ramp Gains Erased. S- by Tyler Durden on 01/21/2016
From omnipotence to impotence... in 90 minutes.
Just
as we warned earlier, As for the market reaction, keep a
close eye on the duration of the risk bounce: if risk refuses to push higher
from here, or worse - tumbles - the market will have clearly given its verdict
on all current and future Draghi jawboning and called the ECB's bluff: no more words, actions are now
demanded.
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Euro
Tumbles; Stocks, Futures Surge After Draghi Says ECB "Will Reconsider
Policy Stance In March". Submitted
by Tyler Durden on 01/21/2016
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FROM PETROYUAN HEGEMONY to the DYING OF THE
PETRODOLLAR
Submitted by Tyler
Durden on 01/21/2016
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Ben
Bernanke: "China Is Contained"; Ray Dalio Agrees. Submitted
by Tyler Durden on 01/21/2016 : "I don't think China's economic slowdown
is that severe to threaten the global economy." .. "China has managed
debt restructurings superbly."
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QUICK ECON NEWS
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Submitted by Tyler
Durden on 01/21/2016 - 07:44
·
Global Stocks Face Fresh Losses (WSJ)
·
European stocks lick wounds after mauling, oil
steady (Reuters)
·
Hang Seng Index Sinks Below Net Assets for First
Time Since 1998 (BBG)
·
U.S. Hedge Funds Boast Lower Losses as Markets
Tumble Further (NYT)
·
Deutsche Bank Drops as Investment Bank Revenue
Concerns Mount (BBG)
·
Islamic State Uses Syria’s Biggest Dam as Refuge
and Potential Weapon (WSJ)
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What
Will Mario Draghi Say Today: Thoughts Ahead Of The ECB Announcement. : Submitted
by Tyler Durden on 01/21/2016: ECB rhetoric likely
to focus on collapsing inflation expectations (pictured below), now close to
levels where QE1 ECB got announced in Jan 2015. With Oil lower than expected by
the ECB for 2016, and oil forward un-anchoring and moving below 50$ (chart
below), an higher inflation for the year due to base effects is also harder to
see. Rhetoric can include anticipation of deeply negative interest rates and
upsized QE, for future meetings.
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George
Soros: "Europe Is On The Verge Of Collapse". : Submitted by Tyler
Durden on 01/21/2016. "China will exert a negative influence on
the rest of the world by reinforcing the deflationary tendencies that are
already prevalent. China is responsible for a larger share of the world
economy than ever before and the problems it faces have never been more
intractable...the EU is on the verge of collapse. The Greek crisis
taught the European authorities the art of kicking the can down the road, although
it would be more accurate to describe it as kicking a ball uphill so that it
keeps rolling back down. The EU
now is confronted with not one but five or six crises at the same time."
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Stocks,
Crude Tumble As Offshore Yuan Sinks To Day Session Lows. Submitted by Tyler
Durden on 01/20/2016. : From
the close of the US day session, offshore Yuan began to weaken and despite
the largest liquidity injection in 3 years, has tumbled almost 200 pips from
the
dead-cat-bounce highs, testing the lows once again. This in turn has weighed
on crude and dropped Dow futures 140 points off the after-hours highs...
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POLITICS
Not
'The Onion' - Hillary Clinton Is Now Running On Her Foreign Policy
"Strengths": When
it comes to watching the Hillary Clinton campaign, you need to be prepared for
increasingly suicidal and irrational acts of desperation. While the most pathetic of all her shameless acts
was saying she is sponsored by Wall Street as a result of the terror
attacks on 9/11, the hits just keep on coming.
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GLOBAL RESEARCH
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The
Global Financial System Is Dangerously Unstable and Faces an Avalanche of
Bankruptcies: Top Economist Who Predicted 2008 Crash By Washington's Blog
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Selected
Articles: Global Economic Report. Who Will Benefit From the Chaos? By Global Research News,
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INFORMATION CLEARING HOUSE
Syria -
Some Preliminary Positioning For An Endgame. By Moon Of Alabama.
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US a
Shining Example unto ISIS. By Robert Barsocchini. The US illustrates to
ISIS, and the world, that global power is genocide, land-theft, mass
enslavement, never paying reparations.
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Who is
Luring the Middle Eastern Refugees Into Germany. By Andrey Fomin. Early
January the notorious speculator and confessed sponsor of the refugee traffic to Europe George Soros gave an explicit interview to Wirtschafts Woche where he bitterly
critisized Merkel’s stricter European and refugee policy suggesting that
it would “cost her chancellorship”
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World Faces
Wave of Epic Debt Defaults, Fears Central Bank Veteran . By
Ambrose Evans-Pritchard, in Davos. "The situation is worse than it was in
2007."
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A Bleak
Unemployment Report And Even Bleaker Projections. By Peter Koenig. This
crisis is not ‘just happening’ – it is directed, fabricated and maintained by a
globalized elite.
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Can the
Davos Rich Do More than Talk?. By Sam Pizzigati. Since 2010, 3.6
billion folks have together lost just over $1 trillion — 41 percent — of their
household wealth. The richest 62 of our global billionaire class, meanwhile,
have gained $542 billion over that same time.
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NOTICIAS IN SPANISH
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Ent. Claudio Katz. "El primer mes Macri
confirmo que encabeza típico gobierno de derecha con ajuste y represión" Mario Hernandez
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PRESS TV
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