The Dollar Shortage Thesis Lingered, Like Stale Cigarette Smoke.
And so, risk sold off, safe havens were bid and the farmers (not to mention the cobblers) were restless.
That was the mood on Thursday morning, as China cranked the hyperbole knob to a Spinal Tap-ish "11", PMIs out of Japan, Germany and the US rattled investors and an overriding sense of angst was a wet blanket over global equities.
10-year yields in the US dipped to their lowest since 2017. Bonds are "marking to misery", to quote BofA.
But while there's "misery", there's no "mystery". "UST f
Do I assume correctly last last fabulous quote was again Charlie ? A real keeper on that !….
g……..
“The Sun Also Rises” Ernest Hemingway
No, that quote isn’t Charlie. Those words, dear friend, were penned by a god. Google the quote 🙂
Flimmer spoiled it. haha
Makes you feel like you are sitting next to him in a tavern with a half empty bottle between you…I remember it now!!