Listen, you people are concerned about 10Y yields, and that’s fine. After all, we blew threw the February highs this week on the way to the “dreaded” 3% “pain threshold” and while there were no swarms of locusts and no Pazuzu sightings (that I’m aware of), there are still concerns that the higher we go, the closer we get to a situation characterized by “diversification desperation” or, more simply, a scenario where bonds and stocks selloff in tandem.
Month: April 2018
David Stockman Weighs In On Amazon’s Quarter, Calls Bezos A ‘Shark Jockey’
“There are only so many malls to destroy.”
Nasty Places.
We gotta get out of this place.
The Saga Continues: Deripaska, Down $3.8 Billion, Resigns From En+
If you can’t take the heat…
How Bad Was Trump’s Fox & Friends Meltdown From A Legal Perspective? Here’s A Lawsplainer
“Think about Trump’s legal problems as a three-car pile-up, with Trump and Cohen in the middle vehicle. If they pull forward, they’ll hit the criminal investigation. If they move backward, they’ll hit the civil suit.”
Dragon Energy? GDP, ECI Beat, Personal Consumption Weakest Since 2013
We’ll be looking forward to the tweets.
After Seven Short Decades, North And South Korea To End War – Trump Hails Great Day For Trump
Who came out better here?
David Stockman On Subprime, WeWork And Beer Goggles
“Between the March 2009 bottom and the January 2018 peak, of course, they were essentially buying the dips—-about 50 of them with material dimension. The short-run narrative constantly changed—low interest rates, escape velocity ahead, synchronous global reflation, Goldilocks once more—-but the mechanic was always the same.”
Traders Have A Fever, And The Only Prescription Is More 3% On 10s Analysis
Cowbell. More of it.
Keep. It. Together.
K.I.T.
No Tapestries For This Market.
“Dear me, the man is dense, is he not? This is a castle isn’t it? There are tapestries here?”
‘Doc Ronny’ Jackson And His Percocets Didn’t Want Your Damn Veterans Affairs Position Anyway
“We call him Doc Ronny, you know, we call him ‘Doc Ronny,’ and we call him ‘Admiral Ron.'”
