“Failed states create conditions of unimaginable business opportunities.”
Month: March 2018
One Bank Presents: ‘The Irony Of Binging On Debt’ In A QE World
Imagine a world without QE…
Trump Has Saturday Meltdown: Accuses Amazon Of Running A ‘Scam’, Demands WaPo Register As Lobbyist
You’ve got to love how he starts that – “while we are on the subject.” He’s going to pretend like you brought this up on Saturday morning.Â
‘Nervous Reactions Will Be More Frequent’: Lessons From 2018’s Two Selloffs
…one question worth asking going forward is what happens when these two distinct types of risk-off events collide?
The Annotated History Of U.S. Trade And A Fantastic Interview With An Expert
The end of the WTO? And much more…
David Stockman: The 200-DMA Ain’t No Maginot Line
“But here’s the thing. The blue line below ain’t no Maginot Line.”
‘Collapse In The International Order’? Here Is One Bank’s Updated Trade War Scenario Analysis
Ok, so given that this is almost certainly going to be back on everyone’s radar next week (although again, it never left the radar, it just got lost in the FANG headlines), this is probably a good time to take a look at some updated scenarios.
‘Let’s Get Out And Take A Breather’: A Look Across Asian Markets At Quarter End
“…we need some market stability at this point and hopefully we get to some calmer waters.”
Quarter Back.
It was only fitting that the quarter should close in dramatic fashion for U.S. equities.
Albert Edwards Wants To Know If ‘Your Nostrils Are Filling With A Sticky Aroma’
“If you want to blame someone, blame the Fed. And I am sure that is exactly what President Trump will do when he loses patience and moves to remove their independent status.”
Enjoy The Easter Bunny, Because Q2 Will Be Just As ‘Interesting’ As Q1
“Enjoy those chocolates.”
Trump Throws Cold Water On Amazon Rebound, Says Postal Service Is Bezos ‘Delivery Boy’
Trump is out reminding you that’s he’s hated Amazon for a long time.
David Stockman: That ‘Unicorn’ Isn’t Real
“The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honest interest rates is that they must be discovered by markets, not imposed by the state.”
New From Epsilon Theory: Investing With Icarus
“As Narrative abstractions — cartoons — become our short-hand for things that used to have meaning, our models become more and more untethered from the reality they seek to reproduce.”
Trump Lawyer Floated Idea Of Pardoning Manafort, Flynn As Mueller Moved In
Unless this is in any way, shape, or form unclear, these people are so fucked
Trader: ‘Did I Miss The Part Where You Became A STIR Trader?’
“Maybe this is just the market returning to more normal conditions with some volatility as opposed to the artificial flatness?”
Amazon, Tesla, Facebook And Investing In ‘The Future’
“…to all you Marty McFlys out there”…
What If Everything Is About To Change?
Bull hell, there’s always Kuroda, right?
‘Rates < HY < IG < Equity': Hierarchy Of Vulnerability Revisited
“This seemingly counterintuitive result has a distinct ‘path-dependent’ flavor.”
Goldman Cuts iPhone Estimates Citing ‘Deterioration In Demand’
Tech really could have done without this.
Tech Rout Goes Global, Sinks Hong Kong Shares In Wednesday Bloodbath
The robot carnage on Wall Street predictably spilled over into Asian markets on Wednesday.
American Corrida And The Reconstitution Of The State
“We have reached the point of self-intoxication when inner contradictions of the system, which previously could be temporarily ignored, are taking over. The system has exhausted itself – it has collapsed under its own weight.”
‘In Late January A Client Called Us With An Exasperated Query’: Why Barclays Sees A ‘Bumpy Road Ahead’
“In the last week of January, as equities went on yet another run, a client who had been waiting to buy the dip called us with an exasperated query.”
