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Month: May 2018

One Trader Uses An ‘Absolutely Nuts’ Situation To Illustrate How Inefficient Markets Can Be

May 29, 2018November 13, 2018

“Let’s put it together. This closed-end fund invests in FAANG-type stocks and then shorts volatility against it. Yup, nothing to worry about there.”

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2 Comments on One Trader Uses An ‘Absolutely Nuts’ Situation To Illustrate How Inefficient Markets Can Be

Fuggedaboutit.

May 29, 2018

Ciao Bella.

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1 Comment on Fuggedaboutit.

A Ray Of Sunshine For The Carry Trade On An Otherwise Stormy Day

May 29, 2018

Color me skeptical. Curb your enthusiasm. And all that…

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3 Comments on A Ray Of Sunshine For The Carry Trade On An Otherwise Stormy Day

VaR Shocks, Panic Selling, Outflows And (Maybe) More To Come

May 29, 2018May 29, 2018

When it rains…

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2 Comments on VaR Shocks, Panic Selling, Outflows And (Maybe) More To Come

The Fact That This Week’s Horrifying Plunge In Italian Assets Is Worse Than Last Week’s Dumpster Fire Proves Populists Aren’t The Problem: Populists

May 29, 2018

“Lo spread” strikes again.

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Leave a Comment on The Fact That This Week’s Horrifying Plunge In Italian Assets Is Worse Than Last Week’s Dumpster Fire Proves Populists Aren’t The Problem: Populists

Ciao, Contagion!

May 29, 2018

Hazmat suit required.

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2 Comments on Ciao, Contagion!

In Italy: Meltdown

May 29, 2018May 29, 2018

Free fall.

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1 Comment on In Italy: Meltdown

‘The Severity Of This Sell-Off Is Worrying’: With The ECB Damned If It Does, Damned If It Doesn’t, What’s Next For Italy?

May 28, 2018May 28, 2018

Who’s a dip-buyer?

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Leave a Comment on ‘The Severity Of This Sell-Off Is Worrying’: With The ECB Damned If It Does, Damned If It Doesn’t, What’s Next For Italy?

Well Done With A Side Of Ketchup: What’s The Worst That Could Happen To The U.S. Fiscal Position?

May 28, 2018May 28, 2018

“I know steaks.”

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2 Comments on Well Done With A Side Of Ketchup: What’s The Worst That Could Happen To The U.S. Fiscal Position?

One Trader Weighs In On ‘The European End Game’

May 28, 2018November 13, 2018

“…we have long passed the point where Germany can walk away from this union. Let’s forget the political implications of an EU collapse (which are considerable and provide a great degree of inertia for the EU remaining together), and instead focus on the fiscal implications.”

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2 Comments on One Trader Weighs In On ‘The European End Game’

‘Unfortunately, He Isn’t Going Anywhere’: After Worst Week Since Crisis, Lira Surges On Central Bank Announcement

May 28, 2018

If there were such a thing as Turkish monetary policy Twitter, I don’t think “#Winning” would be something tweeps would employ very often.

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4 Comments on ‘Unfortunately, He Isn’t Going Anywhere’: After Worst Week Since Crisis, Lira Surges On Central Bank Announcement

Blood On The Streets In Italy: Bank Shares On Verge Of Bear Market, Bonds Crushed Amid Political Chaos

May 28, 2018May 28, 2018

It would probably not be wise for the ECB to officially end asset purchases in September just as jitters about new Italian elections are peaking. 

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1 Comment on Blood On The Streets In Italy: Bank Shares On Verge Of Bear Market, Bonds Crushed Amid Political Chaos

Shaking The Tree: The Fed, ‘Overripe Fruit’ And A Half-Full Snifter

May 27, 2018May 27, 2018

If you’re a snifter is half-full (of Hennessy) type…

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3 Comments on Shaking The Tree: The Fed, ‘Overripe Fruit’ And A Half-Full Snifter

‘For The Sake Of The Children!’ Italy’s Populists Fail To Form Government Setting Stage For God Knows What

May 27, 2018

Unfortunately, the best way to sum up this rather fluid situation right now is to simply employ a Trumpism and say: “we’ll see what happens.”

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3 Comments on ‘For The Sake Of The Children!’ Italy’s Populists Fail To Form Government Setting Stage For God Knows What

‘Thwarting This Game Together’: Of Burnt Turkey, Emerging Markets And Dollars Under Pillows

May 27, 2018

“I see the game that is being played.”

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1 Comment on ‘Thwarting This Game Together’: Of Burnt Turkey, Emerging Markets And Dollars Under Pillows

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Monthly Letter+

  • Lost At Sea

    March 11, 2023March 11, 2023

Week’s News

Book Closes On Credit Suisse After 167 Years

March 19, 2023March 20, 2023

Trump Says He’ll Be Arrested Tuesday

March 18, 2023March 20, 2023

Behind The Scenes Of An American Bank Panic

March 17, 2023March 19, 2023

First Republic Rescued, Dimon Met With Yellen

March 16, 2023March 17, 2023

Credit Suisse Spirals As Bank Crisis Threatens To Claim A SIFI

March 15, 2023March 16, 2023

Most Read

  • Moment Of Truth Arrives For Fed In Crisis Mode
    Moment Of Truth Arrives For Fed In Crisis Mode
  • Book Closes On Credit Suisse After 167 Years
    Book Closes On Credit Suisse After 167 Years
  • Mike Wilson Sees Bank Crisis As Bear Market Crescendo
    Mike Wilson Sees Bank Crisis As Bear Market Crescendo
  • UBS Offers To Buy Credit Suisse For A Song In 2008 Echo
    UBS Offers To Buy Credit Suisse For A Song In 2008 Echo
  • The Swiss Killed The CoCos
    The Swiss Killed The CoCos

Recent Comments

  • Mr. Lucky on Mike Wilson Sees Bank Crisis As Bear Market Crescendo
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  • Btfl on The Swiss Killed The CoCos
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Monthly Letters

Lost At Sea

March 11, 2023March 11, 2023

Exiles On Main Street

February 4, 2023March 11, 2023

That’s Great, It Starts With An Earthquake

January 22, 2023February 4, 2023

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