Note to Market Shadows Readers

Hi All -

We are currently working on restoring the tabs on this site which were “de-linked” when I was attempting to fix them. Paul Price has said his goodbyes, but we are going to keep everyone updated on the positions in the Virtual Value Portfolio and the Virtual Put Selling Portfolio.

We’re very sorry for the [Continue Reading]

Middle-East “Relations” In 1 Simple Chart

Here's a handy chart for when you are reading about Middle East conflicts and trying to remember who's on whose side. As noted, alliances shift, so this is not the last word but a guide for the "now." You can whip it out when debating Middle East affairs and it will look like you really know your stuff. ~ Ilene 

[Continue Reading]

Argentina “Determined to Default” Second Time

Courtesy of Mish.

Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate.

In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on [Continue Reading]

Goldman Slams Abenomics; Questions “Validity Of BoJ’s Target”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While we have again and again explained why Abenomics is ultimately doomed as you simply cannot print your way to prosperity (a message The Fed appears to be discovering rapidly), when Goldman Sachs unleashes an Abenomics-bashing piece, one has to wonder just [Continue Reading]

Edward Snowden Towers Over His Enemies

Courtesy of John Rubino.

The Guardian just ran an interview with Edward Snowden, the former NSA contractor who blew the whistle on perhaps the most extensive secret spying program in human history and is now a man without a country, very much in danger of assassination or rendition or any number of other nasty [Continue Reading]

Russian Sanctions Retaliation Escalates: Dumps Intel/AMD And Now Foreign Cars

Russian Sanctions Retaliation Escalates: Dumps Intel/AMD And Now Foreign Cars

Courtesy of ZeroHedge. View original post here.

Ignoring for one second yesterday disastrous air crash in Ukraine, the 'boomerang' of sanctions continues to be thrown back and forth between the US and Russia. Having restricted Russian firm's access to USD funding, [Continue Reading]

5 Things To Ponder: Yellen Talk

Courtesy of Lance Roberts of STA Wealth Management

This past week, Chairwoman Janet Yellen presented the Federal Reserve's Semiannual Monetary Policy Report to the Congressional Committee on Banking, Housing, and Urban Affairs. While the financial markets were closely focused on clues as to the future direction of monetary policy and rate hikes (see [Continue Reading]

Was Malaysian Airlines MH-17 ACCIDENTALLY Shot Down Over Ukraine?

Courtesy of George Washington

While it is too early to know who shot down Malaysian Airlines flight MH-17 over Ukraine yesterday – and while it could have been a false flag -  it would be good to remember that airlines have accidentally been shot down numerous times in the past.

After all, the Malaysian [Continue Reading]

Holding Company Of Portugal’s 2nd Largest Bank Just Filed For Bankruptcy Protection

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following this morning's farce of huge investor demand and then Bank of Portugal's Costa 'hoping' for demand from investors willing to pile more money on losing money into Espirito Santo, it appears things have escalated rapidly…


China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper

China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper

Courtesy of Mish.

Chinese Recovery On Paper

Is China really growing at the reported 7.5% rate? I have frequently stated "no chance". Malinvestments in housing, vacant cities, vacant malls, and roads with no traffic prove the point. Michael Pettis [Continue Reading]

Information War: More Ukraine “Who Did It?”; U.S. Official: “Still a Lot of Questions”; No Smoking Gun

Courtesy of Mish.

Ukraine is making a lot of hay out of videos showing rebels cheering the downed plane. For example the Daily Mail proclaims, with videos ‘That was a blast – look at the smoke’: Sick boast of the laughing rebels.

No doubt the rebels were pleased at the time with [Continue Reading]

Phantom Liquidity and Perfect Pilfering

Courtesy of Mish.

A friend of mind asked me to comment on the Nanex article Perfect Pilfering, a detailed exposé on how the market is rigged from a data-centric approach.
We received trade execution reports from an active trader who wanted to know why his large orders almost never completely filled, even [Continue Reading]

Did the Rebels Have a Buk System? How About a Working One? Flight Diverted Over Restricted Space?

Courtesy of Mish.

People seem to have their minds made up on whether or not the plane was shot down and by whom.

The propaganda du jour is the separatists were responsible. By even discussing alternatives, ridiculous accusations have come in about “Mish” being a Russian name.

The first casualty in war is [Continue Reading]

Finding Shelter From The Coming Storms Part 2

More basic suggestions for those who are seeking shelter from the coming storms of global financial crisis and recession (part 1 here).

By Charles Hugh-Smith of OfTwoMinds blog,

Investing your time wisely and productively is a skill that doesn't require any expenditure of cash to learn.

A Reader Asks: How to Find Shelter from [Continue Reading]

Ukrainian Buk Air Defense System Allegedly Deployed Near Donetsk Yesterday; Questions Still Linger

Courtesy of Mish.

A Russian news website claims Ukrainian Army Buk Missile Likely Downed Malaysian Plane.
A Ukrainian army battalion of Buk air defense systems was deployed near the city of Donetsk a day before the crash of a Malaysian passenger plane on Thursday, making the downing of the aircraft [Continue Reading]

Malaysia Airlines Management Needs Overhaul

Courtesy of EconMatters  

On Thursday a Malaysia Airlines flight crashed with 295 people on board over eastern Ukraine near the Russian border, there is a high probability that the conflict in this region caused this plane to be shot down by accident. There are a myriad of scenarios of how this could happen in the confusion [Continue Reading]

Did Ukraine Shoot Down Passenger Plane? They Did Once Before: SA Flight 1812 Erroneously Downed by Ukraine in 2001

Courtesy of Mish.

Moments ago a Malaysian BA 777 Passenger Jet Crashed in Ukraine. 280 passengers and 15 crew were killed. The plane was at an altitude of about 33,000 feet.

According to the Financial Times Anatoly Geraschenko, an adviser to Ukraine’s interior minister, said in a Facebook posting “Using a [Continue Reading]

Malaysian BA 777 Passenger Jet Goes Down Over Ukraine, 295 Killed; Ukraine Blames Separatists Who Deny Responsibility

Courtesy of Mish.

A second disaster hit Malaysian Airlines today. Bloomberg reports a Boeing 777 crashed near the town of Torez in eastern Ukraine killing 280 passengers and 15 crew.

A Ukrainian Interior Ministry official was quick to point the finger, stating that pro-Russian separatists shot down the passenger jet. The self-proclaimed Donetsk [Continue Reading]

Between Suspicious Deaths and Cy Vance Criminal Prosecutions, Technology Jobs On Wall Street Are Now Among the Most Dangerous in America

Courtesy of Pam Martens.

Manhattan District Attorney, Cyrus Vance

Wall Street On Parade has been reporting for the past six months on a series of tragic, sudden deaths of Information Technology workers at JPMorgan. Now coming to the fore are stories of relentless prosecutions of Wall Street’s IT workers by Manhattan District [Continue Reading]

Yellen Yap: Silliness, Outright Lies, and Some Refreshingly Accurate Reporting

Courtesy of Mish.

Yellen Yap Silliness

The spotlight on Fed Chair Janet Yellen is rather amusing given she is more disingenuous than former Chair Ben Bernanke. Some of the headlines are downright silly. For example, Bloomberg reports Dollar Rises to Highest in 3 Weeks on Yellen Comments.
The dollar reached the [Continue Reading]