No longer is this a question of establishing enough coincidences to render those coincidences … well … to render them not coincidental, it’s now gotten to the point where there’s almost too much proof. That is, this is one of those rare cases where the sheer amount of incriminating evidence has accidentally created its own smoke screen.
“The recent buildup is not in itself problematic or evidence of a substantive change in usage of leverage.”
And then… and then you bought the dip.
“I am not against immigrants by any stretch of the imagination,” said Mr. Burgos, whose father came to the U.S. from Ecuador.
…just something else you can probably ignore if you’re in junk bonds.
“That’s enough for one day”…
“Whatever the reason, it’s probably a good bet that consumer spending will remain underwhelming until Americans feel more comfortable using their credit cards again. And while that will provide a boost to both activity and bond yields it will also, ironically enough, set the stage for the next recession.”
“For the first time since 2011, hopes for double-digit growth in U.S. earnings aren’t a fantasy [because] Wall Street analysts have been standing firm on forecasts.”
“Nothing to see here”…
When central banks pull the punchbowl away, you’re going to have some problems if you’re caught with your hand in the duration cookie jar.
“The sharp deceleration in commercial and industrial loan growth has generated a sense of cognitive dissonance among market participants, who are otherwise confronting generally encouraging growth data.”
“Don’t make have to do this please. Come on. Don’t make me be a bad guy, come on.”
” The broad based risk-on, over the past couple of weeks across European risk assets, has increased risks that should the political uncertainty ease post the French elections, rate hike newsflow will continue to grow.”
The Wall Street Journal, like most other “Conservative but not insane” media outlets, is having a really, really tough time trying to reconcile the need to avoid supporting batsh*t craziness with the necessity of remaining anti-Liberal. Make no mistake, that’s becoming harder to do by the day. See the more crazy the White House gets, the…
It’s quiet out there. Well, except for that whole UK officially leaving the EU thing. As outlined earlier this morning, Theresa May will make the UK’s split with the EU official on Wednesday, sealing the economic fate (literally, as they’ll be a hand delivered letter involved) of the British people and very possibly relegating the…