“As a former FBI counterintelligence agent, I’d start with Rinat Akhmetshin, the Russian émigré and naturalized U.S. citizen of over ten years, who may offer the lowest-hanging fruit in the next phase of the investigation.”
Author: therealheisenberg
Another Trial Balloon: ECB ‘Studying’ How To Let You Down Easy
“The market reaction to Draghi’s speech last month in Sintra has made some policy makers more cautious.”
European Shares Slump Most This Month As Euro Soars, Gold Hits Two-Week High
Investors are of course concerned that the stronger euro will weigh on earnings and those concerns aren’t helped by the possibility that Mario Draghi is set to telegraph an unwind of ECB stimulus.
Spot The Horse: Is Bitcoin Going To $500k?
Will his views prove correct? I don’t know. I just thought they would be nice to share. His thinking requires the ability to imagine the world as a much different place. Is he mad, or genius? You decide. But I will remind you of one thing – “poor people are crazy, the rich are just eccentric.â€
Dollar Gloom: Key Technical Level Breached, Yields Dive
Well, the dollar just can’t catch a break.
‘ETFs Will Be Disproportionally Influential In Selloffs’: BofAML On EM Bond Funds
“ETFs are likely to be disproportionally influential during market selloffs given their limited cash levels to absorb outflows and a more opportunistic investor base.”
Is America About To Lose Its Free Press?
“Maybe, they think, efforts to ‘open up our libel laws,’ dismissals of the lamestream media as ‘fake news’ and even threats of violence against journalists could do the country some good.”
‘It Was A Black Monday’: Visualizing The Horrific Crash Of ‘China’s Nasdaq’
“The panic is sweeping across the markets, sparked by a plunge in the start-up board.â€
Trader: ‘Algos And Dark Pools’ Are Making It Impossible To Know ‘What’s Going On’
“Poor liquidity conditions and massive block trading. Never has it been more obvious that relying solely on electronic trading has fundamentally altered how business is cleared.”
Wall Street Journal Calls Trump Jr. A ‘Dunce’ In Scathing Op-Ed
“They have created the appearance of a conspiracy that on the evidence Don Jr. lacks the wit to concoct. And they handed their opponents another of the swords that by now could arm a Roman legion.”
Are You Confused About FX Confusion? SocGen Can Help…
“The world is less in need of triage and intensive care from central bankers than it was, and more of them are thinking about how, and when, to set out on the road to normalisation.”
Krona Slides Most In Two Months As Riksbank Minutes Add To Central Bank Confusion
So, the Riksbank. That’s the folks in Sweden. You know, the people Paul Krugman called
Pound Tumbles From 10-Month High On Weak CPI Print: ‘The BoE Was Barking Up Wrong Tree’ Anyway
“The Bank of England is the winner of the day”…
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Shorts Scramble To Cover As Aussie Surges To 2-Year High
Everyone “is focusing on the positivity in the minutes, and talk of neutral rates at 3.5%, is well above market pricing”…
Dollar Dives As Republican Health Care Bill Collapses
Well, it looks like the healthcare bill is dead after two more Republican Senators said
Iron Ore Futs Surge To $70/Ton
To whom it may concern…
4 Tail Risk Hedges For A Sudden Vol. Spike Or, ‘The Chevy Cavalier Trade’
“There are many potential catalysts that could cause large re-pricing of risk almost instantaneously.”
Joe Biden: The GOP Healthcare Bill Makes My ‘Blood Boil’
“They no longer had to lay awake at night wondering: Can I pay for this treatment? What happens if she gets cancer? How will I feed my family and afford the care?”
Letters To The LA Times: ‘Mary’ Asks Republicans – ‘Have You No Sense Of Decency?’
“Have you no sense of decency, sir, at long last?â€
Risk-On Still Intact As Entire World Ignores China Stock Plunge: Full Visual Recap
All told, the mood remains “risk-on.”
‘Things Have Changed Dramatically’: Please Explain Why Markets Don’t Care About Nuclear War
“The market may think that it has history on its side (Chart 3), but the fact that North Korea has demonstrated that it now has the ability to strike the US and that Kim Jong-un appears to be a less rational player than his father and grandfather would suggest that the game may have changed dramatically.”
A Nightmare On Wall Street – Updating The Feedback Doom Loop (Again)
Listen, there is a non-negligible chance that you have unwittingly sowed the seeds of this
‘These Are The Most Illiquid Conditions I Have Ever Seen’: One CIO Warns On EM ETFs
“In 2017, with the absence of banks providing liquidity, who will facilitate the flows for the one-day ETFs and mutual funds?”
Bitcoin And Tesla: The ‘Two Poster Children Of Speculative Froth’
“And this next statement is where I am going to get myself into some trouble. I don’t think this speculation was healthy. I don’t view either of these themes as particularly well thought out. Yeah, I know Musk is going to change the world, and we will all be paying for our TSLA Model 3’s in bitcoin. Don’t bother trying to convert me. I think both of these assets are legitimate technologies, but both are priced for an unrealistic reality.”
El-Erian: Jamie Dimon Is A Patriot Who Just Wants To Know What The Fuck Is Going On
“Given the role and importance of the U.S. in an interconnected global economy, much of the rest of the world — and especially America’s friends and allies — has gone from looking at this situation with curiosity and bemusement to confusion and concern.”
‘Game Of Chicken’: Why Do Markets Think They’re So Damn ‘Impervious’?
“If the market is underpricing the uncertainty with respect to the outlook of US monetary policy, we are even more concerned that it seems totally impervious to the risk of two potentially disruptive, if not dangerous, Games of Chicken likely to unfold in the summer and the beginning of the fall.”
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