Spoiler alert…
Day: January 10, 2018
David Stockman Heralds The Return Of The Bond Vigilantes: They’re Back!
“But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about to discover that it’s not exactly Big Bird swooping onto their playground.”
Chinese Checkers.
Headlines aplenty.
‘We All Miss Him’: FBI Releases Internal Memos From Week Of Comey Firing
“We will get through this together.”
‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?
“…if a powerful party wants to roil the equity market, and push the VIX up, one of the best routes is via Treasury bond vol.”
Trader: There Are Better Places To Sell
“I don’t know if they are trying to show Trump who is boss ahead of trade talks, or if there is some other game theory tactic at work. Either way, be careful assuming this is some market shift China announced ahead of time out of the goodness of their hearts.”
Election 2020: Predictions For Trump Vs. Oprah, Jesus, And The Virgin Mary
Let’s take some time out for a little Wednesday levity, shall we?
This Is What ‘Max Central Bank Predictability’ Looks Like
Needless to say, breaking with this precedent of predictability – i.e. becoming less transparent – carries enormous risks.Â
‘Fly Lice’: China Orders Shutdown Of Bitcoin Mining Operations
“Bitcoin can’t catch a break in China.”
Warren Buffett: ‘I Would Bet Against Every One Of The Cryptocurrencies’
Well, you can add Warren Buffett to this list of people who wants nothing to do with cryptocurrencies.
Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?
It’s certainly possible.
News China Set To ‘Slow Or Halt’ Buying Of U.S. Treasuries Ripples Through Markets
Well, if you needed another reason to believe that the Treasury selloff which gathered pace on Tuesday was set to continue, you got one this morning.
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