The air up here is thin.
Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner.
What happens over the weekend no longer remains confined to the weekend.
“And with CSPP holdings at €116bn and growing, a big ETF at that!”
“Bubbles, bubbles, every where, Nor any one to pop.”
You have been warned (again) (and again) (and again).
“The Fed and BoE are once again presiding over a credit bubble, with the BoE in particular suffering a painful episode of cognitive dissonance in an effort to shift the blame elsewhere – the credit bubble is everyone’s fault but theirs.”
Can I borrow your double-edged sword?
I have absolutely no idea how any of that is sustainable and/or realistic.
Ok, it looks like some folks have seen enough.
Kind of makes you think…
“It’s important to remember that this is merely a microcosm of the larger dynamic at play across assets and across regions.”
“So how then might the story line read? That all this nonsense that globally rising rates and widespread balance sheet reduction just can’t be a calm experience. Investors simply own too much toxic “financial products” to make that likely.”
“This was last seen in 2007, just before the bursting debt bubble blew the global economy and financial system to smithereens.”