It’s impossible to fathom what a true default cycle might look like in China.
Author: therealheisenberg
Turkey, Erdogan Set Collision Course With US Congress Over Russian Missiles
“Such language would push Turkey exactly toward places that they don’t want it turn to”.
Yen, Pound See Wild Swings Amid Lack Of Adult Supervision
“Nobody is trading now”.
Will Trump Be Impeached Again? McGahn Testimony Fight Heats Up While New Ukraine Docs Complicate Senate Trial
“To oppose the admission of this evidence would be to turn a willfully blind eye to the facts”.
Japan, South Korea Flash Point Still Menaces Global Economy As 2019 Melts Into 2020
“Our relationship is one that cannot be made distant”.
A Year On, Markets No Longer Haunted By Ghost Of 2018 Christmas Massacre
And a partridge in a pear tree.
Potpourri! 9% Premiums, Weak Business Investment And Undersubscribed Repos
Here are some notables that may fly under the radar.
Vanguard Says Equity Volatility ‘Unsustainably Low’, 50% Odds Of Correction In 2020
Caution is warranted, according to the mammoth collector of assets.
Saudis Wrap Up Farcical Khashoggi ‘Trial’, Will Probably Behead Five Scapegoats, Jail Three More
“Death sentences in Saudi Arabia are usually carried out by beheading in public squares”.
China’s 2020 Tariff Cuts Cover Nearly 20% Of Total Imports
Thanks to the retaliatory levies in place on US products, American exports will be less competitive.
China Shares Dive, Are Not Amused With ‘Big Fund’ Selling Of Semi Stakes
“The overall market sentiment remains strong”.
Global Economy Gets Ostensibly Positive News In China Tariff Headlines, South Korea Export Numbers
All obligatory caveats aside…
Questioning ‘Life Above 2%’ And Pondering The ‘Long-Dated Rates Catastrophe Option’
A large, sustained bond selloff isn’t likely, but…
Time To Lock People In The Riyadh Ritz! Saudi Aramco Rides Four-Day Losing Streak
The world’s most profitable company has now nearly reversed half of the IPO rally.
Bonds Dictated The Action In 2019. They May Hold The Keys In 2020 Too
“…equities soon needed yields to rise to be able to do the same”.
Trump Was Prepared To Force Government Shutdown Over Ukraine Language In Spending Bill: Sources
The language was a “non-starter” for Trump.
Melt-Up Or Euphoria? A Rose By Any Other Name…
And yet, it doesn’t have to end now.
Trump’s Call With Xi Jinping Wasn’t As Cordial As Friday Tweet Suggests
“Pay close attention to and attach importance to China’s concerns”.
For 1,545 US Steel Workers, MAGA Promise Rings Hollow
“Current market conditions made it imperative that we act now”.
The Two Best Periods Of Optimism In US History Had One Thing In Common: Impeachment
Also, inflation expectations dropped to a record low.
Nomura’s Charlie McElligott Delivers 2020 Macro Outlook: ‘My View Is Much More Realistic’
“As a contrarian, consensual group-think views into the year-ahead are often exaggerated”.
Say Goodbye To Mick Mulvaney. He’s A Lame Duck.
“Well-oiled machine”.
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