“Doubt is our product.†Why? Because doubt “is the best means of competing with the ‘body of fact’ that exists in the mind of the general public. It is also the means of establishing a controversy.â€
Day: March 9, 2017
It’s The Big One! What To Make Of Friday’s All-Important Number
Listen, if you’ve lost the plot line don’t worry because everyone else has too. Just a month ago, everyone was thoroughly convinced that the disappointing
This Is What It Looks Like When Everyone Starts Selling Their “Junk”
Over the course of the last two days, I’ve suggested that perhaps the junk bond bubble may have finally started to burst. As noted on Wednesday,
More Trouble
I don’t know if maybe you noticed, but this is playing out exactly like I said it probably would. In fact, I’m not sure I’ve
“What You Got Was The Exact Opposite”: Macro Hedge Funds Join The “Dumb” Money
I swear to God I’m starting to think that before this is all over, index funds are going to be the only damn investment option
So Yeeahhh… About That Reflation Thing
“While investors may return to the reflation narrative again, it’ll take more than a few political speeches to get them there.”
Wells Fargo Offers To Address Heisenberg’s Concerns – “No Account Numbers” Necessary
They’re just trying to help, dammit.
Albert Edwards: “2008 Is Going To Look Like A Soft-Landing When The Fed Blows This Sucker Sky High”
Ok, so if you’re bearish, a market skeptic, or otherwise prone to cynicism, you know that when SocGen’s Albert f*cking Edwards comes stomping through, you just have to sit your ass down and let the master do his thing…
“Animal Spirits”: An American Tragedy
Not sure this was what Keynes had in mind…
Dammit, Who’s “Sherlock” Here? BofAML Weighs In On A Fed That’s Behind The Curve
“While this has allowed the Fed to have its cake and eat it too at the March meeting, in our view there could be a bigger sign from the markets to the Fed: financial conditions could be at the cusp of signaling that policy is behind the curve.”
“It Means A Financial Crisis” Any Questions?
I really, really hope that I’m not right about France. But the setup is hard to ignore. The argument that Marine Le Pen can’t possibly win
Oil Erases Entire OPEC Cut Rally: “And Like That, It’s Gone”
Well goddammit I told you so. I don’t how many times I’ve said that oil will almost invariably head lower (and maybe sharply lower) once
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“I Think It’s Safe To Say Everyone Will Take A Glass Half-Full Approach”
“I think it’s safe to say that given the current mood among traders, they will be squarely focused on the glass half-full elements rather than grasp at signs for temperance.”
“Please Let There Be A Cute Girl There With Glitter” Or, Your Last Minute ECB Preview
As Bloomberg notes, “while the ECB is unlikely to surprise today, the central bank meeting may constrain primary and secondary credit market activity [as] President
