Misery.
The only question now…
Category: central banks
I’ll Die Unhedged, Thank You.
They say you can’t hedge a portfolio for the end of the world.
One Bank Marvels At ‘The Strongest Reach-For-Yield Tailwind Since The GFC’
“Who would imagine that 2019 Q1 would have been the strongest quarter since the global financial crisis.”
‘Expect The Unexpected’: One Bank Ponders Peak Plutonomy, Peak Polarization, MMT And 70% Taxes
“Bulgakov’s cat, Behemoth, played chess and took trams.”
Of Hamster Wheels, Zombies And Spiraling Bubbles!
Just in case “more cowbell” is needed when it comes to “hot takes” on the Fed…
Back To The New Status Quo.
… back in limbo, chasing the elusive target that we really don’t want to catch.
‘Room For Disappointment Is Huge’, One Bank Flatly Warns
“We warn that CBs tend to be reactive and not proactive.”
‘The Window Has Closed’: One Bank Throws In The Towel On Things Getting Back To ‘Normal’
… it effectively sounded the death knell on normalization.
‘The Ultimate Conundrum’ At The Limits Of Stimulus
“…we are starting to get to the limits to central bank stimulus.”
No Escape ‘Velocity’.
“…but every high in our indicator is lower, notwithstanding these massive stimulus packages.”
No Country For Old Hawks.
Cementing the global dovish pivot.
Dollars, Doves And Dictators: Full Week Ahead Preview
What could go wrong?
If ‘It Sounds, Looks And Smells Like Debt Monetization’, It’s A Duck.
“… and most likely permanently.”
China, Credit Growth And Diminishing Returns
There are a couple of problems here. And then there are problems within those problems.
Albert Edwards Is Worried America Is ‘Gripped By An Epidemic Of Stoned Pedestrians Stepping Into Traffic’
“…most surprising was the pungent smell of skunk that pervaded the streets almost everywhere.”