Just in case “more cowbell” is needed when it comes to “hot takes” on the Fed…
Category: debt
Some Context For The Explosion In Corporate Debt
Good news, bad news.
‘The Ultimate Conundrum’ At The Limits Of Stimulus
“…we are starting to get to the limits to central bank stimulus.”
Is America’s Debt Path Sustainable?
And for what?
Larry Kudlow Would Never Lie To You, So That Horrific Deficit Number Must Be Wrong
“…the deficit is coming down and it’s coming down rapidly.”
The Press Knows What Will Cause The Next Crisis, And It’s Corporate Debt
“For financial journalists, pinpointing the source of the next meltdown is no easy task. The ones who did so pre-2008Â were few.”
‘King Of Debt’ Lives Up To Title As Trump Sells Debt At Crisis-Era Pace
“Nobody knows debt like me”.
‘Private’ Parts: Explosion In Private Debt Market Cements ‘Liquidity As The New Leverage’
“For all practical purposes, such liquidity should be expected to evaporate entirely.”
Trump: ‘The Fed Doesn’t Need To Go So Fast’ On Rate Hikes
“I like to stay uninvolved with Fed chair Jerome Powell.”
A Decade Later, ‘The Coast Is Not Clear’, One Bank Warns
“Currently, there is a ‘celebration’ that a decade has passed and that the world has overcome the fallout from the crisis.”
One Bank Warns: ‘Forget Turkey, Asia Is The Elephant In This Room’
“As the tide of excess liquidity recedes, EMs like South Africa will begin to pay the heavy price of this misallocation of credit.”
David Stockman: Trump Is ‘Piling One Delusion Upon Another’
“Stated differently, the Orange Comb-Over is definitely not making America Great Again.”
David Stockman Weighs In On 10Y Yields At 3%
“In a word, honest bond yields will knock the stuffings out of the mainstream fairy tale that passes for economic and financial reality.”
David Stockman: It’s A Matter Of Time Before Trump Attacks The Fed
“Indeed, the Donald’s impending attack on the purported sacred ‘independence’ of the Fed is the Orange Swan that looms over the casino.”
David Stockman: ‘There Has Been No Acceleration Of Main Street Under Trump’
“In effect, the Donald is taking credit for the doings of the plain old business cycle, and at the worst possible time.”
David Stockman: These Are ‘The Delusions Of MAGA’
“The Donald is not leading America to the promised land. Instead, he’s leading it to war abroad, fiscal and economic calamity at home and a crisis of governance that pales Watergate into insignificance.”
By 2023, America Will Be In Worse Fiscal Shape Than Italy, Mozambique And Burundi
Who’s “tired of winning”?
Trader: There Is No Better Signal Than This
“Don’t bother arguing with the hard-money gurus about the correct policy course. Just watch the yield curve. The market is smarter than all of us.”
Trader: Here’s My Beef With Jamie Dimon’s Annual Letter
“What happened each time the Fed stopped QE? Yields fell. The complete opposite of what Jamie would predict.”
$1 Trillion Here We Come! New CBO Forecast Probably Won’t Please Trump
#MALFRTIAW: Make America less fiscally responsible than it already was.
Janet Yellen Warns Of ‘Debt Crisis’, Blasts Trump Tax Cuts In Op-Ed
“The U.S. unemployment rate is down to 4.1 percent, and economic growth could well increase in 2018. Consumer and business confidence is high. What could go wrong?”
One Bank Presents: ‘The Irony Of Binging On Debt’ In A QE World
Imagine a world without QE…
David Stockman: The 200-DMA Ain’t No Maginot Line
“But here’s the thing. The blue line below ain’t no Maginot Line.”
Albert Edwards Wants To Know If ‘Your Nostrils Are Filling With A Sticky Aroma’
“If you want to blame someone, blame the Fed. And I am sure that is exactly what President Trump will do when he loses patience and moves to remove their independent status.”
Here Is One Trader’s ‘Philosophical Friday’ Debt Rant
“Now you might look at these charts and say, ‘Greece spent too much and suffered the consequences. Ultimately they will be better off taking the hit and reorganizing in a more productive economic fashion.’ If so, you probably also still have this poster hanging in your room at your parent’s house where you grew up.”
David Stockman: ‘There Isn’t A Snowball’s Chance In Hell That A Yield Shock Can Be Averted’
“For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting.”
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