The Austin Powers World.

“There’s real danger but at the same time, the central figures are so laughable that it’s difficult to accept it as reality”…

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Monsters Under The Bed.

“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”

Deutsche Bank’s Kocic Delivers Stark Warning: Beware Populist “Buyer’s Remorse”

“The initial embrace of populism has gained traction based largely on a belief that political disruption, as a mode of change, deserves the same status that creative destruction used to have in the post industrial era with resulting political entropy becoming one of the main sources of market volatility.”

“Trump’s Political Capital Is Getting Consumed”: One Simple Trade Idea For The Week Ahead

Think about the events that transpired over the last two weeks. Now think about them in terms of the following two frameworks for how things could have gone. Fed comes out hawkish, guns ablazin’, Geert Wilders puts up a better-than-expected showing in the Dutch elections, the GOP health care bill moves forward Fed comes out…

Cartoon Break (“Front International”)

This pretty much sums things up…

Saturday Humor (“A ‘Retarded’ Culture”)

“But, I have nothing against Muslims”…

Cartoon Break (“Lonely”)

Seats available…

A Good Bottle Of Scotch Would Be Nice: Making Sense Of Market Nonsense

Thank God for four months of sobriety because the old Heisenberg would have been at the bottom of a good bottle of scotch right now…

Cartoon Break (“Don’t Cry, It’ll Be Ok”)

“Consolation” prize…

Buy It All, Buy It All Right Now: European Stocks Soar In “Never Geert” Rally

Europe is in rally mode. Plain. And. Simply. Following Geert Wilders’ defeat in the Dutch elections on Wednesday, markets are more than a little relieved that voters seem to have cooled on the whole angry, xenophobic populist uprising thing which, as a reminder, looks like this in terms of “then and now” polling: (Goldman) As…

A Good News Type Of Day

Well damned if this wasn’t a good news type of day. We’d wager the only people unhappy with how Wednesday turned out are Treasury shorts (and there are a lot of them) who got burned badly by a Fed that managed to sprinkle just enough dovish pixie dust into today’s hike to send yields plunging. Oh,…

Goldman: Europe Must Break “Vicious” Cycle, Escape “Populist Trap”

“Europe is caught in a trap. The rise of populism is both a cause and a consequence of this trap.”

Behind The Curve? “Pussy-Cat” Yellen Confronts “Largest Dovish Policy Deviation Since The 70s”

Some folks will be talking about the Fed today. In just a few hours we’ll get a hike, but once again, it’s all about the messaging. Any kind of dovish lean would be a (bigly) surprise. What’s got some people spooked is the possibility that, in their rush to prove they aren’t behind the proverbial…

Your Last Minute Preview Of Wednesday’s “Other” Big Event

Well, it looks like there may be hope for Europe yet. While some commentators expected the increasingly absurd spat between the Netherlands and NATO’s favorite autocrat in Turkey to give Geert Wilders and the PVV a boost into tomorrow’s elections, a last minute poll finds PVV’s support plunging. Here’s Bloomberg: The prospect of Geert Wilders…

“What Blizzard? It’s A Couple Of Flakes”: Markets In Cryosleep Ahead Of Snow, Fed, Geert

Welcome to day 2 of 2 in the pre-Fed, pre-Dutch election market cryosleep. Overnight we got some econ data out of China that looks good right up until it doesn’t. Here are the numbers: CHINA JAN.-FEB. FIXED INVESTMENT RISES 8.9% Y/Y; EST 8.3% CHINA JAN.-FEB. INDUSTRIAL OUTPUT RISES 6.3% Y/Y; EST 6.2% CHINA JAN.-FEB. RETAIL…