Esther ain’t budging.
Author: therealheisenberg
Albert Edwards: This Isn’t A ‘Bond Bubble’, It’s ‘The Next Phase Of The Ice Age’
For Edwards, there is nothing surprising about any of this.
In South Korea-Japan Spat, Things Go From Bad To ‘We’re Canceling The Intelligence-Sharing Pact’
Geopolitics to hell in a handbasket again.
Did The Bond Bubble Just Quietly Pop?
Perhaps – just perhaps – the “failed” German 30-year sale was the canary in the coal mine
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.
And There It Is: Mick Mulvaney Said To Warn GOP Donors Of Possible US Recession
Dream, meet reality.
Trump Cancels Meeting With Denmark After Prime Minster Refuses To Sell Greenland
“A large real estate deal” gone bad.
Trump Courts Jewish Voters By Insulting All Jews With Horrendous ‘Disloyalty’ Gaffe
“If it ain’t broke, don’t fix it!”
As US Stocks Snap Win Streak, Hope And Caution Duel In Summer Heat
Peering through the haze towards Jackson Hole.
Trump Wants ‘Minimum’ 100bp Fed Cut, Says Economy ‘Far From Recession’
“… it should have happened a long time ago”.
Robert Shiller Says Fed Cuts Send The Wrong Message
“The important thing is the narrative they’re beginning”.
The Truth Behind Plunging Bond Yields: Largest Convexity Hedging Flow Since 2008 And Retreating HFTs
Self-feeding loops and modern market microstructure as gasoline on the fire.
End Game Finally Comes In Italy As Conte Resigns, Salvini Seeks Premiership
Arguably, this isn’t the worst outcome for markets.
US Steel Layoffs Are Stark Reminder Of The Reality Behind Trump’s MAGA ‘Miracle’
“Your business was dead. Okay”?
Mike Pompeo Sure Hopes There’s Not ‘Something Like Tiananmen Square’ In Hong Kong
“Those would be the best outcomes for both China and the United States”.
Marko Kolanovic: ‘More Than Half’ Of Recent Stock, Bond Moves Technically-Driven
“The market will likely continue to be dominated by disruptive tweets”.
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