Perhaps – just perhaps – the “failed” German 30-year sale was the canary in the coal mine
Day: August 21, 2019
Trump Should Envy Germany’s Fiscal Discipline, Not Europe’s Monetary Freak Show
The self-declared “king of debt” doesn’t want to pay any interest.
Stale Fed Minutes Show Consensus Around ‘Mid-Cycle Adjustment’ Narrative Prior To Market Turmoil
It’s safe to say some participants see things differently three weeks on.
‘I Am The Chosen One’: Trump Lets Loose In Wild Exchange With Reporters
“Let’s have a recession”!
US Seen Hemorrhaging Red Ink As Deficit To Top $1 Trillion Sooner Than Expected
“…you can cut the numbers by two pennies and three pennies and balance a budget quickly”.
Hedge Funds ‘Particularly Vulnerable’ To Market Unwind On ‘Crowding Risk’
Still, everything should be fine as long as nobody yells “fire!”. Or “recession”.
No-Deal Brexit Becomes Base Case For One Bank, Prompting Change To Fed Cut Call
We’re gonna need more “insurance”.
Trump Appears To Call For Negative Rates Amid ‘Sooo Strong Economy’, Insults Powell’s Golf Game (Again)
And meanwhile, China plans for a “no deal” scenario.
As Fed’s Daly Frets Over ‘Self-Fulfilling Prophecy’, Goldman Warns Fed Is Caught In ‘Hall Of Mirrors’
When expectations become circular, the waters become muddy.
