“The world is upside down.”
Beleaguered banks, commodities on the come up, golf, the usual…
Mind the “how”.
Plenty to fret about (and laugh at).
All you can do is laugh.
“Typically when positions are as large as they are currently, the risk is that if the prevailing narrative of the time does not play out perfectly, violent reversals will ensue.”
“That unfortunately doesn’t lend any comfort to the hundreds of thousands of soybean farmers who will be affected by these tariffs. This is no longer a hypothetical, and a 25 percent tariff on U.S. soybeans into China will have a devastating effect on every soybean farmer in America.”
This is a real kick in the balls for Trump – and possibly for Chinese consumers, depending on how it pans out.
After Monday’s rout on Wall Street, the same people who were asking if the near-term pain was behind us as stocks rallied into quarter end last Thursday will probably be tempted to ask something similar on Tuesday assuming the bottom doesn’t fall out immediately.
“I would have never guessed that Japan’s commodity usage held up so strongly following the bursting of their financial bubble.”
“Do not be surprised if a very adverse reaction by financial markets forces the administration to reconsider the tariff proposals.”
“Cries of that awful acronym TINA ring through the halls of investment houses as clients take a big gulp and write blue tickets – despite the lofty prices. After all, everything is dear and their retirement still needs to funded.”
“…the environment for investing in commodities is the best since 2004-2008.”
That’s some rough shit right there, and it underscores just how dire the situation had become when the bank embarked on an effort to turn things around after an abysmal Q2 performance.