Earlier this month, I noted that “Subprime Auto Loans Might Be Ok Because After All, People Need Their Cars.” Obviously, the title was a bit
Following the release of the latest Fed Minutes, I was exceedingly amused to watch as seemingly every commentator one cared to (virtually) consult tried to put a hawkish spin on things. That is of course consistent with what Bloomberg’s Richard Breslow described overnight as a “hawkish retelling” of an otherwise dovish statement.
Now days, the best way forward for the currency that Deutsche Bank suggested may soon become “irrelevant” may be for lawmakers to simply roll over and choose the path of least resistance.
As you may or may not be aware, Saudi Arabia and a Sunni coalition comprising the usual suspects has been at war in Yemen for two years now. “Operation Decisive Storm”, designed to retake the country from the Iran-backed Houthis who quite literally drove Abdrabbuh Mansour Hadi into the Gulf of Aden (he fled on a boat), began in March of 2015 and it’s been a sh*t show ever since.
Well, in what can only be described as a sign of the absurd times in which we live, breathe, and trade, Goldman is out on Wednesday with “a study of stock volatility on Trump tweets.”