What could go wrong?
Oh… right…
Author: therealheisenberg
Donald Trump Has Now Threatened To Harm Americans If He Doesn’t Get His Way. #MAGA?
“We’re not going to own it. I’m not going to own it. I can tell you the Republicans are not going to own it. We’ll let Obamacare fail and then the Democrats are going to come to us.â€
‘Things Are Starting To Reverse’: Goldman Warns On ‘Shock’ Risk
“Risky assets digested the increase in bond yields only reasonably well – 3-month equity/bond yield correlations stayed positive (Exhibit 3) and credit spreads buffered part of the increases (Exhibit 4). But correlations are starting to reverse.”
Stocks Touch Record Highs: Full Wednesday Visual Recap
“So much winning, you’re going to get tired of winning”…
‘Crash In Bond Markets’ Now #1 Worry For Fund Managers
3 biggest tail risks: crash in bond markets (28%), Fed/ECB policy mistake (27%), China credit tightening (15%)…central banks seen as much bigger risk (the “red herringâ€) than EPS, and yet…
Let’s Charge Trump Jr., Kushner, And/Or Manafort With Espionage
“What was clear, however, was the intent. According to the AP report, “Veselnitskaya presented the contents of the documents to Trump Jr. and suggested that making the information public could help the campaign.†And receiving this plastic folder, assuming it really happened, may have implicated the participants in espionage.”
The ‘Only Game In Town’: If FX Didn’t Exist, We’d Have To Invent It In 2017
“We don’t often know when a political crisis will rear its head. Not a problem for a 24-hour market. Want to deal anonymously with all the protections of off-shore counter-parties? Not a problem. And, if you think the matter is egregious enough, you can leverage up pretty much to your heart’s content.”
‘Does Canada 2017 = US 2007?’ Goldman Asks If Canada Is On The Brink
“Nominal home prices in Canada have grown by 13% over the past year, and by 200% since 2000. These sharp increases in home prices in Canada have invited comparisons with the US housing market in the period leading up to the Global Financial Crisis.”
This ‘Party’ Has To End Eventually – But ‘Eventually’ Isn’t Today
“…market participants are understandably worried about how they will be weaned off the current highly-liquid environment.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Putin Didn’t Do It.
“And that fake news and hacking? Yeah, he did all that. But none of it would have had any chance of working if we didn’t have millions of silly, hateful voters that were susceptible to believing all the nonsensical bullshit.”
The ‘Mystery’ Of The Missing Inflation Solved In 1 Chart
There you go: “lost” real economy inflation, meet “found” asset price inflation.
Hillary Clinton Satire: ‘I Hate Her’
“Like my grandmother, selfishly clinging to a fortune she cannot enjoy, with one foot in the grave and the other in a tub of Epsom salt. The Newport house should be mine, Nana. The Newport house belongs to America now.”
‘Netflix & Chill’ – Full Visual Tour Of Tuesday’s Market Action
Netflix, Goldman, “own dick eating,” a failed healthcare bill, dollar doldrums, and so much more…
‘Euphoria’: What Could Possibly Go Wrong?
“This should be fine.”
Former Counterintelligence Agent Reveals Who She Would Try And Flip In Trump Jr. Probe
“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.”
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.”
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