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Articles by Spastica Rex

Citi Expects A 76% Haircut On Greek Debt (And 95% If Country Waits 4 Years) For Debt/GDP Ratio Back Down To 60%

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By Tyler Durden, Spastica Rex, Gordon Freeman, Tim White
| Zero Hedge
Yesterday we learned that in borrowing a page right out of 2010, when the Greek government was mounting a full frontal assault against CDS traders everywhere (only for Eurostat to tell us that CDS traders had absolutely no impact on Greek solvency), Greece is once again scapegoating unrelated third parties for its problems.
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When It Comes To Net Worth, This Is The Main Difference Between China And The US

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By Tyler Durden, Spastica Rex, Wild Theories, F. A. Hayek
| Zero Hedge
Ever wonder why for the US, it is all about reflating the stock market bubble in order to boost the "wealth effect", if only for a small portion of the population? Or, for that matter, why in China where the Shanghai Composite has gone absolutely nowhere since the Lehman crash (and certainly isn't up some 200% unlike the liquidity-supercharged S&P 500), it is all about preserving the sanctity of the housing bubble? Then the following chart should make it all clear.
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Ukraine Currency Crashes After Senior EU Official Says "The Ukrainians Are Manipulating Us"

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By Tyler Durden, Spastica Rex, Monty Burns, Winston Churchill
| Zero Hedge
The much discussed tumble in the Russian ruble (or as Japan would call it "mission accomplished" if its was the Yen instead of the Ruble) may have stabilized somewhat, and judging by the Russian central bank's response to no longer intervene in the FX corridor-setting market on a daily basis, Russia is hardly too concerned by the impact to the economy as a result of the beating its currency has taken, but where Putin may have brushed off the "speculative" attack on its currency for the time...
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Broke, Living In A Basement, With "Negative Savings": This Is What Millennials Spend Their Money On

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By Tyler Durden, Tim Knight from., Sprott Money, Spastica Rex
| Zero Hedge
When work is punished, homes are unaffordable, the American Dream is over, Milennials are burning through their assets or going into debt to survive... So just what is it that they are spending their hard-signed-up-for-benefits money on? We have the answer: Kim Kardashian: Hollywood, the freemium app in which you climb up to the A-list next to Kim Kardashian, made $43.4 million in Q3.
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America Will Soon Have More Waiters And Bartenders Than Manufacturing Workers

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By Tyler Durden, Reggie Middleton, Spastica Rex, Bruce Krasting, Billy Sol Estes
| Zero Hedge
While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of "goldilocks" frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just 0.1% for the month and 2.0% Y/Y, it missed expectations across both metrics.
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Bernanke Shocker: "No Rate Normalization During My Lifetime"

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By Tyler Durden, Spastica Rex, Winston Churchill, Boris Alatovkrap
| Zero Hedge
Forget all talk about "dots", "6 months", or any other prognostication from the Fed's new leadership about what will happen in the near and not so near future. For the real answer prepare to shelve out the usual fee of $250,000 for an hour with the Chairsatan, or read Reuters' account of what others who have done so, have learned. The answer is a stunner.
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