Daily financial and political snark
The only question now…
They say you can’t hedge a portfolio for the end of the world.
“Who would imagine that 2019 Q1 would have been the strongest quarter since the global financial crisis.”
“Bulgakov’s cat, Behemoth, played chess and took trams.”
Just in case “more cowbell” is needed when it comes to “hot takes” on the Fed…
… back in limbo, chasing the elusive target that we really don’t want to catch.
“We warn that CBs tend to be reactive and not proactive.”
… it effectively sounded the death knell on normalization.
“…we are starting to get to the limits to central bank stimulus.”
“…but every high in our indicator is lower, notwithstanding these massive stimulus packages.”
Cementing the global dovish pivot.
What could go wrong?
“… and most likely permanently.”
There are a couple of problems here. And then there are problems within those problems.
“…most surprising was the pungent smell of skunk that pervaded the streets almost everywhere.”