No ‘Apocalypse Now’, But Maybe Later – Full Week Ahead Preview
The apocalypse is on hold.
Although the human suffering will no doubt be profound, damage estimates from Hurricane Irma are already being rolled back on Sunday evening as the worst case scenario doesn't seem to have materialized.
Similarly, Kim hadn't launched any more ICBMs as of early Asian trading and that prompted the yen to fall versus all its G-10 peers out of the gate. Equity futs rose and gold fell. "The market was already braced for a mammoth hurricane at the end of last week and
This economy and its underpinning of financial thin ice reminds me of a character that used to live next door to us when I was very young. Earl went to Las Vegas for the weekend and then drove home at 110 miles an hour so he could get back before all the bad checks he’d written arrived at his bank that week.
We all know we’re cruising for a bruising..actually, more of a major league ass kicking. It won’t be jump started by anything the fix-it patrol can easily anticipate and it will spiral into a very black rat hole faster than a runaway train. It will mimic the oil markets where every “restrained” seller is so until they aren’t..and then it’s get what you can as quick as you can. How many of us will be sleeping when all this happens in the middle of some night?