“…never in modern financial history has a Central Bank expanded its balance sheet through quantitative easing and then successfully shrunk it back down.”
Month: January 2018
‘Air Pockets’ And Risk Hiding In Plain Sight
I’m just guessing, but…
David Stockman: Now Is Not The Time And Place For Nosebleed PE Multiples
“…the very idea that you would pay 26X EPS for the S&P 500 at the tail end of a 103 month long recovery cycle is truly ludicrous.”
‘Boiling Frogs, Rising Yields’: 10-Year Yield Hits Highest Level Since April 2014
“For now, think happy thoughts.”
The Deflation Demon Lives!
So, could Trump end up resurrecting the deflation demon we thought we’d finally exorcised?Â
If You Thought That Was Crazy: Full Week Ahead Preview
How about a little more fun?
It’s Time To Make Rolling Back 71 Years Of Progress On Global Trade Great Again!
Put away your jingoism for a minute and ask yourself if you honestly believe that rolling back what you see in the chart below is really going to help middle America…
Dear Conservatives: Your Services Are No Longer Needed In Our Government
Thanks, but we’ll take it from here.
The Deep State Tried To Murder Sean Hannity’s Twitter Account Because Sean Was Getting Too Close To The Truth.
“OOH IT IS A MYSTERY! Did Sean Hannity see Hillary Clinton and Barack Obama making treason in the broom closet?”
WTF Klaas? Amid Scramble To Contain Euro Strength, ECB’s Knot Says QE ‘Must End ASAP’
This was not the time, Klaas.Â
Kingdom Holding Soars After Alwaleed Released From Harsh Confines Of The Ritz-Carlton
That right there is the biggest gain since November of 2014.
David Stockman Exposes Trump’s ‘Davos Delusions’
“Somehow the Donald managed to say less during his 15 minutes of fame at Davos than even the swamp creatures he abhors might have offered up. But the pity of it is that the whole thrust of what he did say was dead wrong.”
As The Rally Steams Ahead, How Worried Should You Be About NAFTA And Trade Wars?
As we saw this week, they’re not so good at being subtle.Â
Free At Last! Prince Alwaleed bin Talal Returns Home After Being Locked In Ritz-Carlton For Three Months
“Free at last, Free at last, Thank God almighty I am free at last!”
New From Epsilon Theory: ‘Things That Go Bump In The Night’
“Why should we pay good money to buy put options as a hedge on our portfolio when the Fed will give us a put option for free? I think this is the most far-reaching and transformative effect of the extraordinary central bank policies of the past eight years — we are no longer afraid of things that go bump in the night.”
This Is The ‘Talk Of The Town’ In Markets – Can It Last?
But fair warning to anyone who might be inclined to extrapolate on the way to drawing spurious conclusions…
Davos Man.
Well, that didn’t disappoint.
David Stockman: Politicians Should Be ‘Petrified’ Of This
“Even as a matter of economics 101, the forthcoming $1.8 trillion of combined bond supply from the sales of the US Treasury ($1.2 trillion) and the QT-disgorgement of the Fed ($600 billion) is self-evidently enough to monkey-hammer the existing supply/demand balances, and thereby send yields soaring.”
Let The Currency Wars Commence: Amid USDJPY Slide, One Bank Asks What’s Next
Everyone wants to know what comes next.
Sean Hannity’s Reaction To The NYT Mueller Story Is The Best Thing On The Internet This Week
“Rapidly aging squirrel taint Sean Hannity did not like the scoop Thursday night about President Shithole trying to fire special counsel Robert Mueller in a fit of bloated, know-nothing rage.”
‘There Are Still Too Many Dollars’: Goldman
“Downside risks”.
Let’s Stop Pretending Like We Don’t Know Why The Dollar ‘Overreacted’ To Steve Mnuchin
Hint: there’s a moron in charge of U.S. trade policy.
Carnage In Cryptocurrencies As Coincheck Withdrawal Halt, NEM Collapse Rattle Market
How many times have we said it? Almost everyone needs an exchange.Â
Trump Calls Story He Ordered Mueller Fired ‘Fake News’ And Other Video Highlights From Friday
As you know, Donald Trump is loose in Switzerland where world leaders, titans of industry and various other luminaries are being forced to entertain the U.S. President in the interest of giving American citizens a well-deserved break from humoring the failed mail order steak salesman masquerading as a hapless autocrat.
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