Sparks

‘Ocean on Fire’ – Gas Leak From Underwater Pipeline Sparks Blaze West of Mexico’s Yucatan Peninsula (VIDEO)

A gas leak from an underwater pipeline sparked a blaze west of Mexico’s Yucatan Peninsula on Friday creating an “eye of fire” on the surface of the water. According to Reuters it took more than 5 hours to extinguish the fire. The fire began in an underwater pipeline that connects to a platform at Pemex’s…

Argentina Central Bank’s Sudden Dollar Shortage Sparks Fears Of Mass Corporate Credit Crisis

By Tyler Durden Despite Emerging Markets’ recent surge higher on the heels of a dumping dollar and massive global liquidity injections, at least one country is facing crisis rather than crescendo. MSCI Emerging Market stocks have soared… Source: Bloomberg YPF, a 99-year-old oil company that some have called Argentina’s flaghship company, is threatening a large-scale…

Rental-Exodus Sparks Surge In Single-Family Housing Starts & Permits

Following November’s better than expected jump in both Starts and Permits, analysts expected a more mixed picture in December as Homebuilder Sentiment rolled over and affordability collapsed. However, both Starts and Permits exploded higher to start the year (up 5.8% MoM and 4.5% MoM respectively). Starts have now risen for 4 straight months and Permits…

UFO In Cape Hatteras? Viral Video Sparks Debate Of Mysterious Flying Object

Days before the CIA released a large cache of files involving unidentified flying objects (UFOs), following a Freedom of Information Act (FOIA) request by podcaster John Greenwald Jr., social media was a buzz about a UFO last week over North Carolina’s Outer Banks area.  According to the regional newspaper The News & Observer, photographer Wes Snyder…

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold's Best Year In A Decade

Global stocks added around $15 trillion in market cap in 2020 (pushing above $100 trillion for the first time ever)… Source: Bloomberg Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020… Source: Bloomberg That kind of ‘tsunami’ hasn’t historically ended well (in the movies)… While much of…

Trumpnado Sparks Late-Day Lurch Lower In Stocks, Dollar Drops On Dismal Data

Core Durable Goods miss, Personal Income and Spending miss and drop, UMich Sentiment miss and drop, total jobless claims remains above 20 million, and new home sales miss and drop… all sending hard and soft macro data plunging… Source: Bloomberg But stocks were up because, hey, it’s just a fleshwound… and stimulus… Fintok about to…

Global Semiconductor Shortage Sparks Fear Of Production Delays For Smart Devices 

Reuters reports a global chip shortage is developing. Manufactures of automobiles and electronic devices are “sounding the alarm” about the shortages, which has triggered production delays.  Industry insiders say the shortage has a couple of causes, including US sanctions on Huawei Technologies, plant fire in Japan, supply chain disruptions in Southeast Asia following coronavirus lockdowns,…

Anti-Cop Climate Sparks NYPD Exodus 

The NYPost has learned the anti-cop climate, underwhelming pay, and out of control violent crime in New York City have resulted in police officers’ exodus.  Approximately 50 NYPD officers left their jobs in Nassau County last Friday. Many of them were on the job for less than five years.  The departure comes as thousands of…

Dollar Dump Sparks Bid For Bonds & Bullion; Pfizer Faux-Pas F**ks Stocks

Disappointing Services ISM data today along with over 20 million Americans still claiming unemployment benefits does not set up well for tomorrow’s payrolls print. Breaking down the economic data recently we see surveys (hope) starting to tumble, the labor market at its weakest since Feb, and Retail at its weakest since June… Source: Bloomberg But…

QE Hope Sparks Big-Tech, Bitcoin, & Bullion Bid; But ‘Smart’ Money Is Dumping

If everything is so awesome in a new-but-same-as-the-old gridlock’d Washington (according to stocks), why is the smart money running out of the market? Source: Bloomberg We have seen this pattern before and it did not end well… Source: Bloomberg The bottom line for the last day or two is that Fed QE will be the…