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  • Ugly open on tap as global markets plunge  [View news story]
    Fantastic setup for 2016. With energy prices leaving gads of money in consumer products while unemployment ticks down, main street is doing great, and markets will rebound strongly after this plays out.
    Jan 20, 2016. 11:33 AM | Likes Like |Link to Comment
  • 2016: Time To Get Bearish And Go "Zero Hedge"?  [View article]
    Warm weather and declining heating costs from low commodity prices are going to combine to sustain the market moving forward. People have been waiting and calling for a bear market for years now but for right now I dont see anything like that on the horizon. Way too much economic activity in my industry and its associates. Only fed raising rates could cause problem. Dollar strength is doing their job for them.
    Dec 7, 2015. 02:44 PM | Likes Like |Link to Comment
  • WTI settles under $40, Brent ends at lowest since 2009  [View news story]
    One of the many reasons crude supplies keep piling up has been the financialization of the commodities markets including the rise of ETFs and other mechanisms that obscure the real market supply of commodities and create massive issues in price discovery. One example is financing of current operations for against supply that has yet to be extracted - forcing the producer to extract regardless of market price.

    And I agree that those who don't understand the commodity market shouldn't swim in it, and stick to trading on technicals....
    Dec 2, 2015. 06:07 PM | 3 Likes Like |Link to Comment
  • Commodities crumble as end of ZIRP nears  [View news story]
    Its been pretty simple and downright linear over the past 15 years, first the US exported inflation and blew up global markets and exploded commodities and now it is exporting deflation. The move has a bit more room to run, but like anything it will end and the various heads of state and deciders of fiscal policy will pat themselves on the back and berate their predecessors as always happens.
    Dec 2, 2015. 06:00 PM | 1 Like Like |Link to Comment
  • Tsipras: Capital controls likely to be lifted in 1H16  [View news story]
    Too late. The new tax regime is chasing away what little foreign money was looking to make investments in the country and paralyzing existing investments.
    Dec 2, 2015. 01:16 PM | Likes Like |Link to Comment
  • Tsipras returns to power in Greece  [View news story]
    People consistently miss what Greeks are voting for and why. As I've said since Tsipras first came to power, what Greeks are most looking for is an end to the corruption, clientelism, and captive governments beholden to powerful vested interests of its past. That's what they are voting for with a vote for Syriza and Tsipras, and there has already been a massive upheaval in precisely those areas.

    As for the uninformed observers opining that "nothing is changing" or has changed.... well, clearly they aren't paying any attention. Greece is undergoing massive, deep structural reform to institutions and practices on a level rarely if ever seen by a country without imploding, testament to the strength of Democracy in the country.
    Sep 21, 2015. 04:59 PM | 2 Likes Like |Link to Comment
  • Tsipras calls for snap elections  [View news story]
    Just so we're on the same page, both 'debt haircuts' and a 'temporary exit' are not in the rules.

    So it's pretty fascinating watching folks claim that one is somehow a more appropriate solution than the other.

    The only real solutions are full on Grexit and hard default or major debt haircuts. How Greece's credit is getting upgraded in light of that fact is beyond me.
    Aug 20, 2015. 11:44 AM | 4 Likes Like |Link to Comment
  • IMF drops bombshell on Greece  [View news story]
    Germany already knew as well. Germany's plan is to get Greece to Grexit without having Germany blamed.

    When Germany proposed the bailout under which Greece is laboring, it was pretty well understood that the terms were either going to be of a nature Greece could not agree to - and yet it did - or designed to force Grexit by making the terms so harsh that Greece would simply have no way of performing on them (especially via increased austerity on the last performing segments of the economy).

    The IMF saw it coming and has been releasing report after report saying as much but the EuroGroup leads and with the IMF having some 30b on the line and rather than face the chance of losing more than that 30b it's saying "no thanks" but as the market current says "IMF staff will still participate in the bailout negotiations under way" because they don't want to lose their existing investment.

    Meanwhile Germany has managed to screw over all of Europe - as in, the countries not in the Eurozone like Great Britain - by making them contribute to that last 8b given Greece to pay the ECB and IMF....
    Jul 31, 2015. 08:52 AM | 1 Like Like |Link to Comment
  • Disability's Disabling Impact On The Labor Market  [View article]
    Funny. Or pathetic?

    "The average disability payment in 2000 was $786 per month... And by 2015 it was at $1165 per month. "

    I'm happily making more than $1,165 per month, and will continue to do so, thanks!
    Jul 22, 2015. 07:39 PM | 3 Likes Like |Link to Comment
  • Glut of gas heading south to narrow region's price premium, analysts say  [View news story]
    I'd love to see links to "snubs". As far as I can tell NE is expanding nat gas pipeline capacity as fast as it can, and has been for years. With nat gas still cheaper than oil, it continues to be attractive as a heat source and demand growth in the NE should continue unless oil hits the low 40s...
    Jul 22, 2015. 07:31 PM | 6 Likes Like |Link to Comment
  • Greek lawmakers prepare for next vote on bailout reforms  [View news story]
    The most interesting thing here is the bail-in clause which combined with the expected continuation of capital controls over the next months/years, the increase in debt-gdp effected by increases in austerity under the new program, and Greece's likely failure to complete the new austerity program and eventual default.... will eviscerate the last of the savings from the economy.
    Jul 22, 2015. 07:40 AM | Likes Like |Link to Comment
  • Greece gets credit rating boost from S&P  [View news story]
    Vat increase already reducing commercial activity which should lead to lower GDP and higher debt-GDP.
    Jul 21, 2015. 07:05 PM | Likes Like |Link to Comment
  • Slow progress as Europe ministers hand off to leaders' summit on Greece  [View news story]
    Grexit probability at 80%+ now, with the astounding conditions demanded as counter offer by eurogroup.
    Jul 12, 2015. 08:17 PM | Likes Like |Link to Comment
  • Greek crisis talks head into day two  [View news story]
    "Nobody is responsible for their own pitiful conduct anymore."

    I know right?

    Even in home mortgages the lender assesses debt coverage ratios. But we just can't seem to blame creditors for creating unsustainable lending profiles no matter how often and how badly they do it.
    Jul 12, 2015. 11:21 AM | 1 Like Like |Link to Comment
  • Greek crisis talks head into day two  [View news story]
    Pharma energy and industrial goods are the major imports, so industrial product purchases would stop, the international pricing structure of pharma may see significant shock, and Greece will likely break ranks with the EU on sanctions to Russia/Iran who were major Greek trading partners prior to the sanctions on each of those nations.
    Jul 12, 2015. 10:51 AM | 2 Likes Like |Link to Comment