“Throw enough cheap money at the problem, and people will find a way. I can’t tell you where. I can’t tell you when. But I am confident that eventually, people will borrow.”
Author: therealheisenberg
Just 3 Charts…
Spot the odd one out…
Goldman Is Worried About America’s $2 Trillion Commercial Real Estate Problem
“In addition, over $1.1tn of CRE loans have been securitized and sold in commercial mortgage backed securities (CMBS) products, over half of which are held in non-agency securitizations that are not insured against credit losses.”
BofAML: The Idea That Stocks Will Continue To Rise Is “Wishful Thinking”
“With US companies seemingly reluctant to make major decisions on hiring and investment ahead of tax reform, with tightened financial conditions starting to bite into Chinese domestic demand, and with an escalation of political risks across the globe, it seems to us that the equity market may be too complacent about downside risk to global growth.”
Qatar In Crisis: A Guide To Markets, Sanctions, And Why A 20% Devaluation May Be In The Cards
In a week that was supposed to dominated by James Comey, Mario Draghi, and the
James Comey Got Whacked, The Question Is “Do We Care?”
“Despite this sparseness, or maybe I should say because of it, it is the most shocking single document compiled about the official conduct of the public duties of any President since the release of the Watergate tapes.”
Trader: “The Problem Is Ours”
“James Comey’s testimony has been portrayed as the making or breaking of the current presidency. Total vindication or that Perry Mason moment when he tearfully breaks down under questioning, repudiates his opening statement and confesses all. No one listening in today is going to budge one inch in their appraisal of our state of affairs.”
ECB Omits Guidance That Rates May Be Cut Further
“We expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.”
SocGen: It’s A “Witches’ Brew Of Politics And Monetary Policy”
Did anyone tell you that today is “Super Thursday”?Â
China? China! Kuroda Contemplates His Exit, And Other Overnight Shenanigans
It’s “Super Thursday” and although the real fireworks (if there are any) aren’t set to
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
UK Election: Your Guide To Thursday’s Big Event & What It Means For Markets
Well Britain is about to vote – again. Thursday’s election is part of a trio
Angry Gundlach Accuses Bloomberg Of Creating Fake Gundlach News
A “weak” Bloomberg is “jamming” Gundlach’s name into stories that he’s “got nothing to do with” while completely ignoring the always exciting world of variable annuities.
Meanwhile, In Trump-Landia…
Last month, Donald Trump got frustrated with his “surrogates’” inability to keep his lies straight.
Comey Prepared Testimony Released: “I Didn’t Move Or Speak”
“A few moments later, the President said, “I need loyalty, I expect loyalty.†I didn’t move, speak, or change my facial expression in any way during the awkward silence that followed. We simply looked at each other in silence. The conversation then moved on, but he returned to the subject near the end of our dinner.”
Josephine Witt’s Reign Is Over Or, Central Banks May Actually Mean It This Time
“For good reason, we’ve gotten used to taking everything with a grain of salt. It’s probably better to err now on giving them a serious dose of the benefit of the doubt.”
SocGen’s Big Call: It’s Time To “Make Reflation Great Again!”
“Our reading of the US situation is that, while persistently worrying at the political and diplomatic levels, it is close to Goldilocks at the economic level. The sub-2.5% GDP growth allows the Fed to tighten “only†moderately, and this is a clear burden to the US dollar and a trigger for risk-taking elsewhere.”
As Oil Plunges On Bearish Data, It’s Time To Ask If Qatar Crisis Could Undermine OPEC Deal
You know, I’ve gotta think that people may be underestimating the extent to which the
Albert Edwards Wins 14th Straight Award, Leaves Haters Salty, Makes Dire Prediction
“If this is, as we strongly believe, an aberration and the equity yield reconnects with the red dotted arrow, then investors should be petrified of the next equity bear market.”
This Is “A Worrying Development”: OECD Compares US Stock Bubble To “Dot-Com Boom”
“In excess of fundamentals”…
How Trump Went From Used Car Salesman To Qatar’s Biggest Critic In Just 2 Weeks
“We are friends, we’ve been friends for a long time now, haven’t we? Our relationship is extremely good, we have some very serious discussions right now going on, and one of the things that we will discuss is the purchase of lots of beautiful military equipment, because nobody makes it like the United States.”
Trader: “There’s So Much Going On People Are Dealing With It By Blocking It Out”
“In reality, there’s so much going on that people are dealing with it by blocking it all out. It’s an added allure of index funds. You get to decry villainy and irrationality while simultaneously investing in it under the guise of having no choice.”
Terrorist “Troublemakers” Storm Overnight Session, Murder 12 In Iran Ahead Of “Super Thursday”
Well, it was a quiet overnight session right up until around 2 a.m. EST when
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
CNN: FBI Believes Russian Hackers Planted Story That Triggered Qatar Crisis
Intelligence gathered by the US security agencies indicates that Russian hackers were behind the intrusion first reported by the Qatari government two weeks ago, US officials say..
Rights Institute Demands Trump Unblock Twitter Critics, Alleges First Amendment Violations
“Dear President Trump”…
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