"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Thursday, August 27, 2020

This Industry Is Entirely Full of Sh!t

The FED is full of shit. Everything they are getting away with happens because the population is ignorant.

You all deserve what happens from here on in.

Saturday, September 23, 2017

An Open Letter To The Financial Media

In what will likely be a vain attempt at reminding readers of the ridiculousness of television media, here is a posting from ZeroHedge.blogspot.com from 2009 that will leave you breathless (something the old Zero Hedge was known and loved for, especially when it came to posting on Flash Trading and derivatives). The posting has been reformatted to make consumption a bit easier.

Sunday, January 1, 2017

Monday, December 19, 2016

VLCC Rates Continue To Climb Alongside Sell-Side Crude Estimates

As noted previously, shipping rates continue to climb. Oddly, anchored ships remain about 8% of the fleet with four more being added to the bay I monitor, which helps to raise spot prices and thereby generating beneficial economics to shippers who choose to anchor these bad boys on the water for weeks if not months at a time because fools like CNBC enjoy looking at onshore inventories and asking "is it priced in?" which in this case, yes, it's pricing in but that is no surprise given the fraud and manipulation that takes place in the oil market. By the way, did you really believe OPEC and Non-OPEC would work out a fully fledged production freeze?

Friday, December 16, 2016

Insider Trading: Friday December 16


Hey CNBC, BLOW IT OUT YOUR ASS!

Following the FOMC minutes release on Oct 12 of the September 21-22 meeting we can see TSY Ex. TIPS net positions bombing out for securities between 6- & 7-years maturity. Now we see the sprint into the 2-year paper from Primary dealers. The short term focus is the highest demand. 

When Ships Fly

Tanker rates for VLCCs are flying higher as China imports of crude swell by 900Kbpd YTD to 7.6Mbpd. This year, the rate for VLCCs has climbed from a low of $14,400/Day to $52,600/Day. 

Wednesday, December 14, 2016

Insider Trading: Wednesday December 14

I'm going for a drive in the Dubai desert so the reading is thin this morning for me.

TRADER ALERT: User Fakes Being Bloomberg Reporter, Spreads False Info About Deutsche Bank

You have to be smart and on your toes out here. Sadly, this novice attempted to punk me and now he's been reported to the SEC and further having his efforts documented here.