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The Complete Guide To ETF Phantom Liquidity
Two months ago, in “ETF Issuers Quietly Prepare For Meltdown With Billions In Emergency Liquidity,” we outlined the rather disconcerting circumstances that have led some large fund managers to quietly...
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Creditors May Have To Hire Pirates To Seize Oil Ship From “Deadbeat”...
Sometimes it’s not worth it for creditors to seize collateral when a deal goes bad. Just ask Deutsche Bank, or any of the other investment banks which would have been forced to book billions in...
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Glencore Capitulates: Scrambles To Avoid Default By Selling Equity, Dumping...
Last Wednesday, just minutes after we reported that the best way to trade the “beginning of the end” for Glencore (which just days earlier Bank of America calculated would need a $12 billion capital...
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“There’s Just No Cash” Oil Price Increase Will Not Come Fast Enough To Save...
Submitted by David Yager via OilPrice.com, “There’s just no cash.” That’s the Coles Notes from a senior banker describing the book of oil service loans he manages for one of Alberta’s leading lenders....
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As SEC Rolls Out Liquidity Risk Plan, Here Are The Bond Funds That May Be...
Back in May, some were perplexed as to why Vanguard – the veritable bastion of responsible investing and a presumed island of safety in a sea of market perils – was lining up billions in emergency...
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Fourth Quarter Begins With Global Stock Rally As Bad Economic News Is Again Good
The bad economic news started with Japan’s Large Manufacturing Tankan missing expectations of +13, printing at +12 while, as Goldman summarized, “outlook DIs show across-the-board deterioration in both...
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Glencore Explains What Would Happen If It Is Downgraded To Junk
As part of its ongoing scramble to defend itself against “speculators” and concerns about its balance sheet, earlier today Glencore released a 4 page “funding worksheet” detailing all of its...
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As A Shocking $100 Billion In Glencore Debt Emerges, The Next Lehman Has Arrived
One week ago, in a valiant attempt to defend the stock price of struggling commodity trading titan Glencore, one of the company's biggest cheerleaders, Sanford Bernstein's analyst Paul Gait (who has a...
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World’s Largest Leveraged ETF Halts Orders, Citing “Liquidity Constraints”
First The Bank of Japan destroyed the Japanese bond market, and then, back in May we warned that The Bank of Japan had 'broken' the stock market. Now, it appears the all too obvious consequences of...
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It’s Back To The Future As Stocks, Futures Jump On The Latest Abysmal...
26 years ago, today was envisioned as day when cars flew, holographic movies were box office hits, hoverboards roamed, and people were fired by fax. None of the happened – except maybe the fax thing...
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Market Panics As “China’s Warren Buffett” Detained In “Richter Scale 9 Event”
As several CSRC officials have learned over the past four months, being a “connected guy” vis-a-vis the Politburo does not necessarily mean you are immune when Xi and the Party decide it’s time to make...
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A “Perfect Storm Is Coming” Deutsche Warns As Baltic Dry Falls To New Record Low
Following disappointing China PMI data and a collapse in US ISM Manufacturing imports data, the fact that The Baltic Dry Index has collapsed to fresh record lows will hardly be a surprise to many....
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ZeroHedge: Time Is Running Out For Freeport After Downgrade To Junk And...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Three weeks ago we wondered when Moody’s would finally get the Freeport McMoRan joke when, with its stock...
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ZeroHedge: Silver Linings: Keynesian Central Banking Is Heading For A Massive...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, For several years now the small coterie of Keynesian...
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ZeroHedge: Financial Time Bombs Hiding In Plain Sight
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, The bear will soon be arriving in earnest, marauding...
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ZeroHedge: How Lenders Control The Future Of Oilfield Services
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Yager via OilPrice.com, For the thousands of new entrants into the oilfield services (OFS)...
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ZeroHedge: Valeant CDS Hits Record High As Company Scrambles To Avoid Default
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. While everyone knows about failed rollup Valeant’s equity troubles, which have sent its stock crashing to 5...
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ZeroHedge: S&P Adds Insult To Bill Ackman’s Injury, Puts Pershing Square...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. As if the historic collapse of Valeant and his hedge fund crashing by 26% YTD was not enough, moments ago...
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ZeroHedge: Valeant Tumbles As Lenders Demand Two Pounds Of Flesh For Covenant...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Two weeks ago, the catalyst that pushed Valeant CDS to record wide levels implying a 55% probability of default...
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ZeroHedge: Valeant Stock Soars After Its Own Board Clears Itself Of Any More...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Valeant may be on the verge of a technical default as its lender demand not one but two pounds of flesh, it may...
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