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Nomura’s McElligott Warns On Stagflation, Says Fed May Stumble Into ‘De Facto Hike’
Nomura's Charlie McElligott picked a helluva week to go stomping around in Asia, and he knows it.
"What a week I chose to be 'boots on the ground' in Asia-Pac", he writes, in the opening line of his Monday missive.
If you're wondering what the mood is in Asia, Charlie says overall market sentiment is "anecdotally approaching 'max bearish' on both global economic prospects and risk assets." Investors, he says, are starting to come to terms with the reality of the trade war and the distinct poss
Way too much tampering got us into this mess…… at some point market forces have to prevail to weed out the inefficient… You are never going to please the corporate sector because the greed motive prevails …Cheap capital , unlimited credit and roaring equity prices forever is all they want in conjunction with an inattentive indiscriminate consumer of course. Nothing lasts forever !!!!
I’ve been saying for some time that unless the Fed get in front of the negativity, then it could really spiral down….