Latest Posts
More Debt, More Liquidity, Higher Stocks (Hallelujah)
“I’ve heard there was a secret chord”…
Over The Line! Who Will ‘Tolerate’ Higher Long-End Yields?
Nobody, probably.
Goldman: US Recovery To ‘Stall’ Amid ‘Dramatic’ Virus Surge
“…officials have paused or reversed reopening in states containing more than half the population”.
Fast and Furious.
2020 is not a year during which you can write off indeterminacy using that old adage: “There’s always uncertainty”.
Shattered Dreams (Wile E. Coyote)
That’s your Wile E. Coyote moment.
No Good Answers (Crunch Time)
“…we see a high risk of a more orderly setback for risk assets”.
To Hell And Back Again (What The Flows Are Saying)
It’s been a wild ride.
‘It Can Always Get Stupider’: Nasdaq Bubble Warnings May Be False Equivalence
“…it’s hard to have that real conversation”.
China Rising. Europe Trying. Brits Drinking.
Responsible behavior.
Harley Bassman Interview: ‘The Long, Slow Road To Inflation’
“Truth be told, I kind of like – I can’t believe I’m saying this – I actually think I’m bullish on stocks”.
Close Proximity
“I’ll take it”.
Ray Dalio: We No Longer Have Free Markets
“The Fed will set an interest rate for different types of creditors based on its economic objective”.
Nomura’s McElligott: The Machines Are Getting Long And Covering Shorts In Real-Time
“Remember my generic thinking on these strategies: ‘Volatility is the exposure toggle.'”
