If “hypocrisy” works to exonerate people when they’ve done something wrong, then there are a whole lot of small-time drug dealers in jail across this country who would like to understand how it is that a justice system that’s ostensibly concerned with activities that ruin people’s lives somehow managed to collectively avoid putting the entire C-suite at every major bank in prison for a thousand years after the financial crisis.Â
Author: therealheisenberg
The Politics Of Time
“Money confuses time with itself — money culture recognizes no currency but its own. Waiting is assigned to the poor and powerless so as to ritualistically reinforce social and political demarcation.”
Comey Or Trump: Who Does America Believe? Survey Says…
“Who do you believe is telling the truth about the interactions between President Donald Trump and former FBI Director James Comey?”
A Record Percentage Of BofAML Clients Now Expect A Credit Selloff
Listen, here’s the thing: at some point, credit markets are going to wake up. Now
Asha Rangappa Presents: ‘Trump Jr. And The Curious Case Of The Multiplying Russians’
“There are three rules: (1) no bright light, (2) don’t get him wet, and (3) never feed him after midnight, no matter how much he begs. Bright light hurts him, and sunlight can kill him.”
‘They’re Still Extremely Leveraged’: ‘Crowded Unwind’ By CTAs Could Exacerbate A Rates Selloff
“However, a large beta of CTA returns to the Bloomberg Treasuries Index suggests that CTA positions are still extremely leveraged”…
A Truly ‘Sordid Episode’: Trump And ‘Outrage Overload’
“No. It. Isn’t.”
The ‘Permanent State Of Exception And A New Status Quo’
“With traditional market rules and relationships breaking down, central banks appear to be chasing the illusive target, which means that victory and the final goal are not well defined, which in turn insures the persistence of the “battle†and indefinite continuation of the state of exception.”
Deutsche Bank: ‘The Limit Is Near’
“This episode provides a good example of just how difficult the eventual path to policy normalization is going to be.”
Paul Krugman On The GOP: ‘What Happened To These People?!’
“After all the flag-waving, all the attacks on Democrats’ patriotism, essentially the whole GOP turns out to be OK with the moral equivalent of treason if it benefits their side in domestic politics. Which raises the question: what happened to these people?”
Horrific Loonie Short Disappears As Bears Frantically Covered Into Rate Hike
Well with the release of the latest CFTC data, we learn that a long, and exceedingly painful chapter for CAD shorts has (almost) come to an end…
Stocks Fly To Records, Global Risk Rally Continues As Bad Data, ‘Good’ Yellen Keep Hope Alive
The message is loud and fucking clear: the vol. seller’s/ carry trader’s paradise and the risk party that’s made every homegamer with some SPY and QQQ look like a guru for the past eight years depends on DM central bankers staying some modicum of dovish. And on that score, bad data helps.
Stocks Dare The Fed
“This puts the Fed in a terrible place”…
Caught Red-Handed? That’s Ok, Mr. Trump. Just Blame Hillary. #SAD
“So pathetic. Attacking the DNC and Hillary Clinton is the Trump administration’s go-to, tired, weak maneuver. It cannot hide the mountain of revelations that is threatening to crumble on top of them at any moment. #SAD!”
‘Something Tangible Better Happen Soon’: As Bank Stocks Tumble, Trump ‘Hope’ Meets Reality
“Right now you’re making money purely on multiple expansion related to policy and I suspect it may be a bridge too far.”
In Scathing Op-Ed, Krauthammer Proclaims: ‘The Trump Defense Is Officially Dead’
“The Russia scandal has entered a new phase, and there’s no going back”…
‘Yellen Is Not A Bubble Popper’: One Bank Is Sick Of ‘This Narrative’
“But it is not true that the Fed is hiking to address vulnerabilities in the financial system or “pop†asset bubbles.”
Russian Lawyer Brought ‘FBI-Spotting’ Soviet Spy To Meeting With Trump Jr.
“… a former Soviet counterintelligence officer who is suspected by some U.S. officials of having ongoing ties to Russian intelligence.”
Investors Flee To Super-Safe Nasdaq As Rate Hike Odds Fall After CPI Miss
“Guess what people immediately did? Why, they fled to the “safety” of overvalued, high-flying tech stocks, that’s what they did.”
‘This Increases The Anxiety’: Gold Surges With Euro, Sterling On CPI Miss
“Gold is the net beneficial of this data [as] this increases the anxiety and creates a lot of questions about the current strategy which the Fed is using.”
Dollar, Yields Dive After CPI Disappoints
Ok, well the biggest econ print of the week is in and it’s a miss.
Trader: ‘Everyone Is Wrong But Me’
“And now? Dovish Fed speak, wavering ECB leaks, resolute BOJ actions, completely mixed emotions from the BOE and suddenly it doesn’t feel nearly as fun.”
This Is How Much Janet Yellen Did For Emerging Markets This Week
So yeah, “carry” on – but just remember that “what goes up”….
ECB Tries To Wake Up ‘Exceedingly’ Sleepy Robots With Reuters Leak – Fails
“The important thing is not to pre-commit and keep it very gradual.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
You need an upgrade.
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