That’s cause for concern. Given that the country is the engine of global growth and trade, you don’t want to see the brakes slammed on. That said…
Author: therealheisenberg
Pound Jumps, FTSE Falls As BoE Sees Scope To Reduce Stimulus After 7-2 Vote
BANK OF ENGLAND VOTES 7-2 TO MAINTAIN BENCHMARK INTEREST RATE
Key Calls (Thursday): Upgrades, Downgrades & Initiations
You need an upgrade.
Presenting: An Indispensable Dollar Checklist
There have been all sorts of labored attempts to explain how this isn’t all Trump’s fault and because nothing is ever entirely attributable to a single factor, those efforts are not totally in vain. That said….
Chart: This Is Now The 3rd Strongest Bull Market In History
Something about “the bigger they are”… I forgot the rest. I think it’s: “the bigger they are, the more aggressively you buy any dips.”
You Should Have Just Gone To The Bar.
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
Bitcoin, Meet Gandalf: Kolanovic Says Cryptocurrencies May Be Pyramid Schemes
Apparently, some folks at JPMorgan were listening when Jamie Dimon threatened to fire anyone caught trading Bitcoin for “being stupid,” because none other than Gandalf himself is out with a new note on cryptocurrencies and he doesn’t paint a particularly flattering picture.Â
‘Red Hot’ Mueller ‘Zeroing In’ On Russia’s Use Of Facebook, Twitter: Sources
Mark my words: you’re going to wake up one day a year or so from now and discover that some of the sites you frequent have been shut down – permanently.
Taxpayers Are Spending $38 Million A Day On Pretrial Incarcerations
“…someone’s ability to afford bail decides who returns home to wait for their day in court, rather than whether they pose a threat to the community. This is more than just a miscarriage of justice — it constitutes a threat to public safety.”
High Frequency Data Shows The Dramatic Impact Of Harvey On Retail Sales
“We estimate that the net reduction of spending in Texas sliced 0.1-0.2pp from the monthly growth rate of total retail sales ex-autos in August.”
Breaking: September 25 Is The New Date For Abject Failure On Tax Reform
Well, fast forward another five months and we’re supposed to believe that all will be revealed in less than two weeks.
A New Global Trend Or Just Maple Syrup On Bacon?
“I can already hear the guffaws from all my hard money readers. The last thing the government needs to do is spend more money is what they will say. We need to save more, spend less, and tighten our belts. Well, that has been tried.”
It’s Hard To Quit.
Because then you’ll be actively contributing to the vol. spike (by selling assets or letting them roll off the balance sheet) and passively contributing to it as well by removing the “put” that incentivizes investors to buy dips and suppress volatility.
‘The Trump Premium Has Drained Out’ – Goldman Has A Trade For You
But for the enterprising among you, that probably means there’s some upside asymmetry here. Just know that if you take that trade, you’re effectively betting that Gary Cohn won’t ultimately leave the administration…
Dear Steve Bannon: It Doesn’t Get More Mainstream Than 60 Minutes
“It’s a combination of stunning calculation and deep irony,†said Frank Sesno, director of the George Washington University School of Media and Public Affairs, speaking of Bannon’s appearance on “60 Minutes.â€
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
‘They’ll Close It Down.’ Jamie Dimon’s Ruthlessly Realistic Bitcoin Call
“Wait until someone gets hurt. They’d close it down. That’s my point.”
Russia Used Facebook To Organize Rally In Town Targeted By Breitbart, InfoWars
A Facebook spokesperson confirmed to The Daily Beast that the social-media giant “shut down several promoted events as part of the takedown we described last week.†The company declined to elaborate, except to confirm that the events were promoted with paid ads.
‘Investors May Have Wandered Into A Casino Without Realizing It’
So one hopes investors are cognizant of the possibility that they are chasing an EM FX rally more than they are “investing” in emerging markets with this trade.
Just Make Sure You’re Hedged.
You’d probably be wise to do the same.
Dalio: If Gary Cohn Leaves, It Would Be ‘Terrible For Markets’
Again, this isn’t about whether you like Gary Cohn or whether you think he’s a good choice for the Fed. This is about uncertainty in markets and the extent to which Donald Trump’s ineptitude is setting the stage for all manner of volatility down the road.
Jamie Dimon Calls Bitcoin A ‘Fraud’ That Will ‘Blow Up’
DIMON: WOULD FIRE ANY TRADER TRADING BITCOIN FOR BEING STUPID
Fund Managers Add Tail Risk Hedges At Fastest Pace In 14 Months
As stocks advance to new record highs amid an ongoing, two-day sigh of relief tied to the fact that the world didn’t end over the weekend, it’s worth noting that there are signs of investor caution despite what the benchmarks are screaming at you.Â
Nikonov Admits On Live Television That Russia Rigged U.S. Election
Actually we’d like to thank Vyacheslav for the effort because it’s pretty clear that most Americans still don’t understand how ignorant they really are.
‘A Big, Huge, Alaskan Grizzly Bond Bear’ Finds A New Trade
“I am a big, huge, Alaskan Peninsular grizzly of a bear when it comes to fixed income, but sometimes I need to find ways to express that view without just putting it all on the dark side.”
Qatar Stocks Plunge To Lowest Since 2013
“Remember: all of this so Saudi Arabia can deflect blame for Riyadh’s support of Sunni extremism and punish Doha for adopting a more conciliatory stance toward Tehran.”
Is Devin Nunes About To Sabotage The FBI With His Trump Dossier Subpoenas?
“The “independence†of the FBI’s investigation is key here. The Steele dossier is now a public document. The Russians know what has been alleged. But they don’t yet know what the FBI has independently verified and what it hasn’t. It’s crucial that the FBI keeps it that way.”
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