Trouble in petro paradise.
Category: Markets
This Is ‘The End Game Of The Great Debt Super Cycle’ And Scott Minerd Sees Just One Way Out
“We are experiencing the end game of the great debt super cycle”.
Ebbs And Flows.
Historic outflows, daunting headlines and a rebalancing bid.
Bazooka Stimulus, Buying Time And Virus Utilitarians
“I want to take actions that will provide a concentrated, short-term boost in demand”.
Where’s The Floor?
“The scale of the policy panic is astonishing.”
Good News, Bad News And Wasted Time
“Always a mess.”
Have We Seen The Worst Of The Dollar Delirium? Asking For The Entire World
One more time: It’s much safer out there when the dollar isn’t going vertical.
Bond Bubble Bursts In ‘Stunning’ Outflow Deluge. BofA Bull & Bear Indicator Hits 0.0
“The liquidation vortex”…
Bazookas Of The North And Tough Indians.
Canada slashes rates to the lower bound, launches QE. India moves to dodge collapse.
Is It Over Yet?
“We’d just as soon it could be over”.
Profits At China’s Industrial Firms Plunge A Laughable 38.3% Thanks To Annoying Virus
More smoldering wreckage.
$586 Billion In Five Business Days: Fed’s Balance Sheet Balloons To $5.25 Trillion
Unlimited Fed buying versus a deadly, highly contagious respiratory infection. Pick a winner.
‘Nuclear’ Stimulus Bombs, No Entry To China And The Dow’s New ‘Bull Market’
“It’s not even a bazooka”, Jones went on to say. “It’s more like a nuclear bomb”.
Nomura’s McElligott Talks Flow Catalysts As VaR Shock Fades, Markets Eye Stimulus, Recession
“…despite everybody knowing this is just the beginning of a horrific few months of data to come.”
Record Surge In Jobless Claims Suggests Unemployment Rate Rose More This Week Than Any Monthly Gain In US History
“[That] would raise the unemployment rate by more than half, by 2 percentage points from 3.5% to 5.5%, moving back to 2015 levels in just one weekâ€.
Jerome Powell To NBC: ‘We’re Not Going To Run Out Of Ammunition. That Doesn’t Happen.’
“Essentially, the answer to your question is ‘no'”.Â
Mario Draghi: This Is A ‘Biblical’ Crisis. It’s ‘War’. Scrap The Rules, Cancel The Debt, Lend To Everyone Right Now.
“Much higher public debt levels will become a permanent feature and will be accompanied by private debt cancellation.”
Just ‘Trying To Go Up’.
“Markets are all over the place at the moment – and currently trying to go up”.
Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….
“The reality is that there is almost always enough slack in the economy to allow for an expansion of federal spending (or tax cuts) without offsets”.
Out Of Adjectives.
Crazy times, historic moves.
Ben Bernanke: Virus Recession More Like Big ‘Snowstorm’ Than Great Depression
“This is a very different animal”.
Coming Unemployment Crisis Plunges America’s Newly Jobless Into ‘Kafkaesque’ Nightmare
“We’ve never seen anything like it”.
$2 Trillion.
“Absolutely, absolutely, absolutelyâ€.
Marko Kolanovic Offers Hope In Coronavirus Fight With Analysis Of Kinsa Smart Thermometer Data
“…the response evolves initially from under-reaction, then overreaction and then converges closer to an optimal response.”
Find Me A Sharpie, PTJ.
“I think Easter Sunday — you’ll have packed churches all over our country”.
Nomura’s McElligott: The Fed Is Now ‘Chief Risk-Taker And CIO’ (And Other Fun Market Notables)
So much to backstop, so little time.
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