It’s earnings season! Who’s excited?
Author: therealheisenberg
Stunning Study Shows Black College Grads More Likely To Default On Student Debt Than White Dropouts – But Employers Definitely Aren’t Racist
But wait. It turns out there’s another caveat. A new study from Brookings details a rather alarming set of statistics derived from new data on student debt and repayment, released by the U.S. Department of Education in October 2017.
Cities Upon Hills And Castles In The Sky.
Thank God it’s Friday.
Wall Street Warns Of ‘Supply Floodgate’ As Trump’s Tax Bill Balloons Deficit
So when you hear conspiracy theories about upwardly revised projections with regard to Treasury supply, just know that there is no conspiracy. There is just reality. And the reality is this…
Did You Hear ‘Shithole’? Because Dick Durbin Heard ‘Shithole’
“Meanwhile, in what amounts to stone cold proof that you really can’t make this shit up anymore”…
With Bitcoin Set To Use More Power Than Electric Vehicles, Here’s How Much Mining One Coin Costs
“…we see Bitcoin and other cryptocurrencies taking the headlines in 2018 – particularly if the surge in energy consumption from this continues in to 2019 and beyond.”
‘Does This Make Sense?’ ‘Yes.’ Transcript Of Trump’s WSJ Interview Is Padded Room Nuts
“And I know more about wedges than any human being that’s ever lived.”
Paging Goldilocks: CPI Beat Makes Good News Bad Again
Remember “good news is bad news”?Â
CPI Beats But It Might Be Small Comfort To Beleaguered Dollar
FED FUND FUTURES INDICATE ODDS OF MARCH HIKE RISE TO 83%
TREASURY 2-YEAR YIELD HITS 2% FOR FIRST TIME SINCE SEPT. 2008
Euro Bulls Fired Up As German Coalition Talks Push Common Currency To Three-Year High
Long euro may be a crowded trade, but by God it’s worked out pretty well over the past couple of days.Â
Trump Cancels Visit To ‘Shithole’ London, Blames Obama For Bush-Era Embassy Decision
“Donald Trump got the message.”
‘The Biggest Risk Is A Quick SPX Selloff At The End Of The Day’: It’s Time For A ‘Doom Loop’ Update
“Come and play with us, Danny”…
So You Want To ‘Breakeven’?
“For the true inflationists, what you want to own is the breakeven rate..”
Trump: ‘Why Do We Want People From These Shithole Countries?’
Needless to say, this doesn’t bode well for some kind of amicable resolution to the immigration issue.Â
‘I’m Smart.’
“Not like everybody says.”
Hedge Now! Trump Says Stock Market Will Crash If His Physical Doesn’t Go Well
“It better go well.”
Very Stable Genius Starting Work At 1:30 PM Today Wants Medicaid Poors To Get Off Their Fat Asses
“Why would we want to shower even more benefits on the poors when they’re already living it up with their refrigerators and color TVs and Obamaphones?”
Morgan Stanley Says Bonds Are Not In A Bear Market – No Word On ‘Men’
“You can go about your business. Move along.”
‘Spotlight On The Euro As A Reserve Currency’: Is This The Most Important Takeaway From The ‘Fake’ China Treasury News?
“… the EUR as a reserve currency appears to be an increasingly attractive long-term proposition.”
Trump Accidentally Opposes His Own Surveillance Bill After Fox Confuses Him With Morning Broadcast
A certain someone had a senior moment this morning after overdosing on Fox & Friends during “Executive Time.”Â
Bill Gross Says ‘Bonds, Like Men, Are In A Bear Market’, Endorses Oprah, Says He’ll Put The Toilet Seat Down If He Needs To
“I could go on and on. I won’t. I don’t dare. Actually most of the world’s problems would go away if men just stayed home, watched football and learned to talk to their partners during commercial breaks.”
Carnage In Cryptocurrencies: South Korea Exchange Raids, Trading Ban Prove Governments Are Serious
As one derivatives trader we spoke with back in November put it, “almost everyone needs an exchange.” When you shutter these exchanges or worse, if governments were to make convertibility into dollars, yen, euros (or whatever) illegal, this whole thing would go “poof!” overnight.
David Stockman Heralds The Return Of The Bond Vigilantes: They’re Back!
“But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about to discover that it’s not exactly Big Bird swooping onto their playground.”
Chinese Checkers.
Headlines aplenty.
‘We All Miss Him’: FBI Releases Internal Memos From Week Of Comey Firing
“We will get through this together.”
‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?
“…if a powerful party wants to roil the equity market, and push the VIX up, one of the best routes is via Treasury bond vol.”
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