“In an age of “radical uncertainty†how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers?”
Category: central banks
A Kiwi, A Krone, And An Oil Rout
It was relatively quiet overnight session which saw market participants continuing to focus squarely on
Guest Post: The Reverse Tepper Moment
“In the current environment, we have the opposite situation. Either the economy rolls over (which should be bad for stocks), or it bounces, at which point the Federal Reserve continues on its tightening path (which could also be bad for stocks).”
One Trader Has Had It With Your “Wild Projections Fueled By Irrelevant Moral Outrage”
“Traders need to remind themselves that you can’t win the war if you keep losing one battle after another.”
Full Week Ahead Preview: In Search Of “Missingflation”
Markets will get a well-deserved break from scheduled event risks in the days ahead after
This Week, We Saw A “Startling Transformation”
“With many risky assets close to the ding-dong highs and central bankers becoming less supportive, it’s hard to argue that conditions are as favorable as they were a few months ago.”
Trader: We’re Playing Tug-Of-War With A Starfish And There’s A “Reptilian Aura” To It
“Anyone who claims to know how this populism, saber-rattling and scandals will play out is fooling you as well as themselves.”
The Day After: Yellen’s Big Mistake
So here we are, the day after a Fed hike that was supposed to (and
“Euphoria”: I’m Lovin’ It
Although “posthumous equine abuse” isn’t something we’d list under “interests” if we were say, signing up for a dating site, we don’t mind engaging in it if we think doing so might drive home a particularly important point.
Trader: You’re A Frog In Slowly Boiling Water
“Ask anyone and you’ll hear they hate stocks and hate bonds – – and own oodles of both.”
Bubbles, Bubbles, Everywhere
“Despite the horrible price action in technology shares recently, let’s put things in perspective: FANG stocks are still up well more than 20% on the year. That’s an awful lot. At the same time, the price of many crypto- currencies has gone parabolic in a way that we haven’t seen since tech stocks in the late 1990s. There’s even the same “new paradigm” driving the price action. If that’s not a speculative bubble, I don’t know what is.”
They’re “Taking Away The Punch Bowl As The Party Gets More Messy”
“But that’s utterly the wrong thing to be thinking about.”
Full Week Ahead Preview: Fed In Focus
Hopefully, the weekend gave you a chance to catch your breath after “Super Thursday.”
Yeah, It’s Expensive, But These “Dead-End Policies” Will Make It Even More Expensive
“So what are we thinking here?”…
Guest Post: It’s Always Just A Question Of Price
“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.”
Guest Post: Betting Against History
So I ask you, with Central Bankers determined to create inflation, why on earth would you want to hold cash? For this trade to work, you have to assume Central Bankers will suddenly change their tune and be willing to preserve the purchasing power of money.”
Stop Chasing The Dragon: One Trader Says Central Banks Need To Abandon Their Mandate
“Any hint that targets are being abandoned or lowered would send a negative shockwave.”
Here’s This Week’s “Central Bank Chatterbox”
So about two weeks ago, we said that Goldman is super excited about their new “Central
“But Then Who Would Care?”: Explaining The Business Of Being A Market Cynic
“If this whole thing truly does come apart at the seams, we’ll be out of business.”
Everything You Need To Know For The Week Ahead
Well, it’s Sunday which means normally, you’d be thinking about Monday, but this weekend you
Goldman Is Super Excited About Their New “Central Bank Chatterbox”
You know when I noticed that Goldman had released “the inaugural edition of the Central
Yes, I’d Like “My Eyes Ripped Out Plz”
“It’s contributing to the death of asset-price volatility. The very phenomenon that so many correctly warn about.”
“Insidious” Conditions, “Destroyers Of Animal Spirits” & Why It’s All “Nonsense”
“In a world where it’s been all right to resist, it’s the antithesis of impetus for change and a destroyer of animal spirits.”
“A Pretty Eclectic Collection Of Unrelated Developments”
SocGen’s Kit Juckes probably summed up the overnight session best: Overnight currency drivers have been
A Glaring Disconnect Or, The Most Important Thing You’ll Read All Day
“There are a couple of ways in which these disconnects can be resolved. But until they are, global central banks need to tread warily. One resolution is of course equities retreat and yields decline, recognizing the dearth of liquidity. “
Trader: No One Knows “What The Hell Is Going On”
“Investors are suffering from the increasing amount of insider trading going on. Not the kind generated from golf course confidences or sifting through corporate dust bins, but from markets that just aren’t capable of trending. Because fewer and fewer market participants are comfortable answering the question, “What’s going on?â€
“Bears Beware”
“Bears, not just bond bears, beware. There remains an exorbitant amount of liquidity in the system chasing financial assets.”
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