Cartoon Break (“Major, Major”)

“That guy is nuts”…

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“We May Come Overnight, All Of A Sudden!” Turkey’s Erdogan Warns, As US Troops Deployed

Earlier this week, we highlighted a story that’s flown (both figuratively and literally) under the radar. Namely the Turkish military’s airstrikes on Kurdish positions in Syria and Iraq. You’re encouraged to read the entire post here: One Man’s Kurd Is Another Man’s “Terrorist”: Turkey Bombs US-Allied Forces In Syria, Iraq. The bottom line is that Turkish…

Goldman Presents The Great “Fade” Trade

“This phase peaked at the end of January this year – we have entered a ‘reflation pausation’. We think this is the result of a combination of worries: (1) Disappointing hard data vs. soft data so far, in particular core CPI, (2) commodity recovery fading and base effect on headline inflation rolling off, (3) Trump optimism fading, (4) European politics moving into the hot phase, and (5) first signs of growth momentum slowing.”

Guest Post: The Last Remaining Cheap Asset

“My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian”…