Now define “bad.”
Because we can’t do it anymore.
Category: irma
Have You Heard The One About Janet Yellen And The Hurricanes?
So when it looked like the last, lonely U.S. reflationist was about to throw in the towel, it felt like everyone was suddenly scrambling around to explain why yields were too low – maybe in an attempt to appease the market Gods who are thought to dislike crowded trades.
Make Risk Great Again.
Now stay tuned to find out if Kim bought some VXX today on the cheap so he can fire off an ICBM this evening and make a few million to put towards his next H-bomb.
As Irma Hits, A ‘Disastrous’ Econ Retrospective
So I guess the silver lining here is that if we just keep denying climate change and the disasters continue to get worse, we can “look forward” to more frequent and increasingly “bigly” GDP-boosting cleanup efforts.
Liquidation Event?
“…there is less apparent effect for the SPX, but taken together with the behavior of the level of rates and curve slope, the modest depression in SPX at roughly the same post-storm horizon could also be consistent with some asset liquidation.”
‘The Clocks Stopped At 1:17’…
Ok, get ready.
For now, the fiscal-chaos-can has been kicked, Harvey is behind us, and North Korea’s latest nuclear test has come and gone.
But dead ahead is Irma’s landfall in Florida, North Korea’s “founding day” (which by most accounts will be “celebrated” with an ICBM launch), and of course, more gridlock in D.C. We are, figuratively and literally, in the eye of the storm on Friday.
Trader: ‘There’s Only One Thing Standing Between This And A Full-Blown Panic’
“It grates on everything I believe, but this would be a good day to avoid putting yourself at the mercy of the algorithms. They don’t understand that while you can set a fire, arranging for a hurricane is another order of difficulty.”
‘Are Hurricanes Good Now?’
Listen, there’s considerable debate out there about what the impact from two catastrophic hurricanes is
House Passes Harvey Aid Package As Irma Approaches
HOUSE PASSES FIRST HARVEY ASSISTANCE PACKAGE OF $7.85B
HOUSE PASSES BILL TO FUND FIRST TRANCHE OF HURRICANE HARVEY AID
FEMA Down To Last $1 Billion As Lawmakers Dither
Well, in case lawmakers needed a little extra incentive to get the legislative ball rolling
Death By A Thousand Cuts.
The bottom line is that between another powerful hurricane approaching the U.S. mainland, U.S. markets catching up with their global counterparts in terms of pricing in North Korea after the long weekend, the DACA decision which portends more bickering in Washington, and the looming debt ceiling debate (with the specter of a technical default showing up in today’s decidedly poor 4-week bill auction), it was death by a thousand cuts.
Florida Insurers Hit Hard Tuesday As Investors ‘Shelter In Place’ Ahead Of Irma
Shell-shocked from the catastrophic damage inflicted by Harvey, traders are rushing to price in the expected impact from Hurricane Irma, which is now a Cat. 5 storm barreling towards Florida.Â
Orange Juice Skyrockets, Cotton Surges As Cat. 5 Irma Threatens Crops
Well, now that Hurricane Irma has become a Category 5 storm and remains on track to make landfall in the U.S. later this week, folks are getting worried about the impact it could have on crops.
And nowhere is that more apparent than in frozen orange juice futures…
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