This is obviously bond bearish and probably bearish for risk assets as well depending on how Draghi manages the message.
Aaaand it’s gone.
What happens to the zombies (so to speak)?
This is not going to be for the faint of heart.
And so the holiday-shortened week comes to a close and it delivered everything that could have been reasonably expected of it.
I was told Icarus would be unleashed.
Happens to a lot of guys.
“This time is different.”
The bottom line: for credit investors, the risk of central banks becoming more hawkish is now a two-headed beast.
“We will probably never know, but I think it’s an interesting exercise to speculate on the reasons for the massive bet.”
It may be time to question your religion.
Is this it?
In pop culture terms, “there’s levels to this shit.”
I remember when…
“…with higher costs being increasingly passed on to customers, the survey sends a warning signal for a potential rise in future consumer price inflation.”