“… the EUR as a reserve currency appears to be an increasingly attractive long-term proposition.”
Year: 2018
Trump Accidentally Opposes His Own Surveillance Bill After Fox Confuses Him With Morning Broadcast
A certain someone had a senior moment this morning after overdosing on Fox & Friends during “Executive Time.”Â
Bill Gross Says ‘Bonds, Like Men, Are In A Bear Market’, Endorses Oprah, Says He’ll Put The Toilet Seat Down If He Needs To
“I could go on and on. I won’t. I don’t dare. Actually most of the world’s problems would go away if men just stayed home, watched football and learned to talk to their partners during commercial breaks.”
Carnage In Cryptocurrencies: South Korea Exchange Raids, Trading Ban Prove Governments Are Serious
As one derivatives trader we spoke with back in November put it, “almost everyone needs an exchange.” When you shutter these exchanges or worse, if governments were to make convertibility into dollars, yen, euros (or whatever) illegal, this whole thing would go “poof!” overnight.
David Stockman Heralds The Return Of The Bond Vigilantes: They’re Back!
“But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about to discover that it’s not exactly Big Bird swooping onto their playground.”
Chinese Checkers.
Headlines aplenty.
‘We All Miss Him’: FBI Releases Internal Memos From Week Of Comey Firing
“We will get through this together.”
‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?
“…if a powerful party wants to roil the equity market, and push the VIX up, one of the best routes is via Treasury bond vol.”
Trader: There Are Better Places To Sell
“I don’t know if they are trying to show Trump who is boss ahead of trade talks, or if there is some other game theory tactic at work. Either way, be careful assuming this is some market shift China announced ahead of time out of the goodness of their hearts.”
Election 2020: Predictions For Trump Vs. Oprah, Jesus, And The Virgin Mary
Let’s take some time out for a little Wednesday levity, shall we?
This Is What ‘Max Central Bank Predictability’ Looks Like
Needless to say, breaking with this precedent of predictability – i.e. becoming less transparent – carries enormous risks.Â
‘Fly Lice’: China Orders Shutdown Of Bitcoin Mining Operations
“Bitcoin can’t catch a break in China.”
Warren Buffett: ‘I Would Bet Against Every One Of The Cryptocurrencies’
Well, you can add Warren Buffett to this list of people who wants nothing to do with cryptocurrencies.
Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?
It’s certainly possible.
News China Set To ‘Slow Or Halt’ Buying Of U.S. Treasuries Ripples Through Markets
Well, if you needed another reason to believe that the Treasury selloff which gathered pace on Tuesday was set to continue, you got one this morning.
David Stockman: Here’s Why This Time Is Different
“But that’s not the half of it:Â Those massive buys were accompanied by a giant amplifier in the form of front-running speculators and arbitragers who hang around the casinos.”
Ripple Collapses To Monday Flash Crash Lows. Dip-Buyers Assemble!
Don’t say no one told you how to BTFD.
Steve Bannon Steps Down From Breitbart In Final Humiliation
“I’m proud of what the Breitbart team has accomplished in so short a period of time in building out a world-class news platform.â€
Kitchen Sink.
Everything but…
‘Somebody’s Already Been Killed Because Of This’: Feinstein Leaks Full Fusion GPS Transcript
“…the only way to set the record straight is to make the transcript public.”
‘2018 May Not End As Well As It Started’: This Hasn’t Happened Since 1958
“So what’s there not to like? Well, there is one thing.”
Trump The Patriot Remembers At Least Nine Words Of National Anthem During College Football Championship
” You see, as Trump has informed us, you are supposed to stand with your hand on your heart during the national anthem, and if you don’t do that, you are obviously a black person.”
Chart Of The Day: Making (World) History
What can we say but…
Mike Novogratz Has A Fever, And The Only Prescription Is More Crypto.
He’s going to build the “Goldman Sachs of cryptos.”
Missing: Jamie Dimon’s Bitcoin Balls. If Found, Please Return To 270 Park Avenue
“I’m not interested that much in the subject at all.”
Chicken-Egg: One Analyst Revisits His ‘Machiavellian Read’ On The Yuan, Yields, And The Dollar
So who’s really in the driver’s seat here? As usual, there’s a strong argument to be made that it’s the Chinese.Â
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