Something tells me that if we do get a truly meaningful selloff in HY and/or EM credit, this is going to be the only thing anyone is talking about.
Author: therealheisenberg
More Questions, Less Answers.
Not what I would call an “upbeat” session.
Oxy, Xbox, Prison: 3 Reasons Young Men Aren’t Working In America
… but the far more important question is whether any of the three explanations posited above have any merit. Because if they do, we are in deep shit as a society.
Nobody Panic About Junk Bonds Because What’s The Worst That Could Happen?
I’m not entirely sure what to make of the commentary on this. There’s no “right” way to write about it. It’s almost a “see no evil, hear no evil, speak no evil,” type of deal.Â
Another Nail In The Coffin: Trump Jr.’s Secret WikiLeaks Chat Throws Gas On Raging Russia Fire
And it just gets worse, and worse and…
Of Double-Downgrades, Booming GDP And Stocks That Are Priced To Perfection
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
There’s A Bond Selloff Afoot In China, Dammit.
“We are bearish.”
Another Problem ‘Emerges’
Here’s something else to worry about.
Who’s Been Buying The Dip?
Spoiler alert…
Monday, Monday.
The fireworks started in Japan and that’s where they ended.
‘I Believe The Woman’: Mitch McConnell Accidentally Creates A Rallying Cry
Mitch McConnell isn’t exactly Braveheart and he is just about the last person you would hire to lead a pep rally, but deadpan Mitch just accidentally created a trending Twitter phrase.
There Is No ‘Value’ Here, So Just Stop It.
Common sense ain’t so common.
‘One Of The Biggest Underlying Bids To The Recent Market Rally Is Now Full’
“Be careful, it bites back.”
I’m Not Sure Rate Hike Plus Political Crisis Is Best Combination For UK
Caught between a rock and a hard Brexit.
‘I Don’t Want To Use The Word Correction’: The Nikkei Is Cracking Folks
“What we need is a positive attitude and conviction.â€
‘There’s Panic’: Bitcoin Plunge Sees $33 Billion Disappear Into Thin Air
The stakes are getting higher.
Clean Up Your Damn Junk: Full Week Ahead Preview
“This is the big one, Elizabeth!”
Trump, Putin And A Crumbling Narrative
And that’s how stupid Trump imagines (correctly, I would add) his support base is. He is confident that large swaths of the American public will not see that as a position so untenable and schizophrenic as to either be itself evidence of collusion or else evidence of insanity.
It’s The Oil, Stupid.
“There is no puzzle.”
Is It ‘All Tech’?
You can draw your own conclusions there…
Abdication Is ‘Unthinkable’: Saudis Insist King Salman Won’t Relinquish Throne
“There is no possibility whatsoever that the king will abdicate,’’ one official said, in response to written questions on Sunday, adding that Saudi kings are in the habit of remaining in power even when they’re sick and besides, King Salman “enjoys perfect physical and mental powers.”
Trump: ‘I Would NEVER Call Kim Jong-Un Short And Fat’
Where to begin?
‘Everyone Thought It Was Weird’: ‘Common Knowledge’ That Roy Moore Dated High Schoolers
“We wondered why someone his age would hang out at high school football games and the mall?”
Does The Junk Bond Rout Prove Big-Cap Tech Is Detached From Reality?
“So maybe it’s not so much that equities are out of synch with high yield, as much as it is”…
Trump: Putin Says ‘I Didn’t Do That’ And We ‘Can Only Ask Him So Many Times’
“There was no collusion. Everybody knows there was no collusion.”
The Spiral: ‘History Repeats Itself And The Price Is Higher Each Time’
“Spiraling leverage cannot continue indefinitely. At some point, the bubble becomes too big and cannot be subsumed by a bigger bubble – the damage of its burst would become irreparable.”
‘This Is Deeper Than Politics’: Steve Bannon Defends Roy Moore
“I’ve seen this before with Trump. As Hillary Clinton would say, this is nothing less than the politics of personal destruction.”
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