Proponents of passive investing are going to keep insisting that the epochal active-to-passive shift isn’t dangerous or otherwise prone to destabilizing markets. They’re going to take that narrative to the grave apparently.
Day: April 11, 2018
John Paulson Singlehandedly Paying For Trump Tax Cuts
J-Paulz $1 billion tax bill for 2017 proves that tax planning is even worse than his investing.
‘Keep The Change, You Filthy Animal’
“Get ready.”
Fed Minutes: ‘Trade War Is A Downside Risk’
STRONG MAJORITY OF FED OFFICIALS SAW TRADE WAR AS DOWNSIDE RISK
FED SEES `SIGNIFICANT’ FISCAL-POLICY GROWTH BOOST NEXT FEW YRS
A NUMBER FED OFFICIALS SAW OUTLOOK WARRANTING STEEPER RATE PATH
‘Nuclear Option?’ Mnuchin Bails Out Ruble – For Now
So apparently, the ruble has rebounded thanks to Steve Mnuchin.
Paul Ryan Decides ‘To Hell With This’ And Meanwhile, John Boehner Got Dat Kush For Tha Low
“Also, Ryan never really wanted this job in the first place, so it’s as good a time as any to go back to Janesville and skip leg day WHENEVER HE WANTS.”
Why One Bank Thinks The Narrative And Current Positioning Are ‘Fraught With Risk’
“Typically when positions are as large as they are currently, the risk is that if the prevailing narrative of the time does not play out perfectly, violent reversals will ensue.”
Trader: Here’s My Beef With Jamie Dimon’s Annual Letter
“What happened each time the Fed stopped QE? Yields fell. The complete opposite of what Jamie would predict.”
This Hasn’t Happened Since 2009: Ruble, Crude Edition
Tough week for Russia.
A Fired Up Trump Tells Russia To ‘Get Ready’ For ‘Nice, New’ Missiles Aimed At ‘Gas Killing Animal’ Assad
Boy, someone has had their covfefe this morning.
‘It’s A Race To The Bottom’: Ruble, Lira Crushed As Russia, Turkey Face Burgeoning Currency Crises
An escalation in Syria won’t help.
CPI Basically In Line As Wireless ‘Distortion’ Starts To Roll Off
Without further ado…
