It is the 21st of October 2019

News

Carson Block Says "Laws Of Economics" Dictate China Will Face "Day Of Reckoning"

Muddy Waters Research founder Carson Block believes that China’s overleveraged economy will eventually face a “day of reckoning.” He just can’t say when.

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Trump Turmoil Trounces Bullard Bullshit As Dollar Dives To 6-Month Lows

As President Trump jets towards The Middle East leaving behind him a wake of headlines from the mainstream media, we suspect this will help him sleep...

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Chinese Carmakers, Volkswagen, BMW Roll Out "Tesla Killers"

The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk's upcoming offering. Start in China, where the Model 3 is not due to arrive until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch "Tesla killer" cars to go head-to-head against Tesla "mass market" sedan.

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Zimbabwe Central Bank To Accept Cows, TVs, Fridges As Collateral

Long before China Huishan Dairy Holdings, China's largest daily farmer, became known as the latest Chinese corporate fraud whose stock crashed 90% in seconds after a Muddy Waters report brought attention to its questionable shadow banking funding, exposing the company as a hollow sham and leading to the prompt departure of four of its directors who hope (in vain) to escape prison time, the company was best known for being the first ever company to do cow-collateralized stock buybacks.

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Bond Blooodbath - Treasuries Haven't Seen A Longer Losing-Streak Than This In 43 Years

Overnight saw Chinese money markets start to get angry and the Yuan tumble, Draghi didn't help, and Spicer's Glass-Steagal comments did not create hope - with credit, copper, crude, emerging markets, risk-parity funds, and now china all crumbling, is tomorrow's payroll print the catalyst for stocks to wake up?

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A "Multi-Billion Trade Meltdown" - Here Is The Reason For The Market's Inexplicable Surge

We have noted in the last few days the divergences between US equity and volatility markets and chatter of a major fund needing to liquidate positions. After today's price action (and more color from trading desks) we are starting to see the 'fingerprints' of what appears to be a multi-billion dollar forced short cover that has almost perfectly correlated with the linear surge in US stocks.

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