They say it promotes “transparency.” It’s important, they say, for the public to understand “the process.”
Category: Markets
Meanwhile, In The UK: Retail Apocalypse, Record Deficit, Negative Rates And A Possible ‘Pound’ing
“We may be in an era where financial markets have become desensitized to big percentages, but…”
Beginning Of ‘The End’ For Hong Kong Sparks Massive Rout In Preview Of Coming Showdown
This is the end, my only friend, the end.
China Abandons GDP Target For 2020 As Virus Reality Sets In
The abandonment of the target speaks volumes about the scope of the damage inflicted by the pathogen.
Just Two Things.
“We are now experiencing a whole new level of uncertainty”.
Meanwhile, In Turkey…
Of “foiled” plots and valuable, gas-rich allies.
Nomura’s Charlie McElligott On The Rally And The Future Of Macro
“…we would need to see an unprecedented marriage where both monetary and fiscal policy align in a magnitude not previously experienced”.
As Virus Jobless Claims Total Nears 40 Million, Let’s Make Sure We’re Asking The Right Questions
The question is not whether “the worst is over”. Nor is the question about the “pace” of the rebound.
In Europe, Light At Tunnel’s End Still Just Faint Glimmer
Williamson cautioned that a full recovery in Europe may “take several years”.
Knife’s Edge: China Plans Serious Hong Kong Escalation As Trump Accuses Xi Of Letting ‘Plague’ Spread
“The market is taking this news negatively”.
‘Some Wackos’ Are Pushing US-China Relations To The Brink
“I would not turn my back on the Chinese Communist Party if they were two days dead”, he said.
Marko Kolanovic: Virus Politics Poses ‘New And Significant Risk To Markets’
“While the epidemic and markets largely followed our forecasts, politics emerged as a new and significant risk”.
Why You Have No Choice But To Buy Corporate Bonds Despite Black Swan Bankruptcy Spiral
Wicker giraffes and decorative plates.
Minutes Show Fed Palpably Concerned Second Virus Wave Could Trigger ‘Pessimistic Projection’
“…the staff judged that a more pessimistic projection was no less plausible than the baseline forecast.”
‘No Doubt Global Trade Is About To Fall Off A Cliff,’ One Bank Says, As Global Trade Falls Off A Cliff
There is “no sign of the trade slump bottoming out”.
Richard Koo Details ‘The Many Irreversible Impacts Of COVID-19’
“…these differences mean we cannot expect the sort of V-shaped recovery seen after the SARS outbreak.”
The Virus Is Changing, It’s Bad In Brazil And Mike Pompeo Pokes The Dragon (Again)
“How can the market invest in a nation that does this?”
Behold: The ‘Powell Effect’ On The World’s Most Popular Investment Grade Credit ETF
The Fed found what transpired in late March to be wholly distasteful.
Harley Bassman’s ‘State’ Of Mind
“Call me crazy, but I have always liked paying income taxes; the more the better”.
Martha McSally Educates Jerome Powell On China, Communists And ‘An Investment Bank Called BlackRock’
“But none of us as Americans wants to see China prospering”.
‘Zeitgeist Bearish’
“Investors”, he writes, are “still extremely bearish”.
Don’t Fear The Zombies.
What happens after that? How do you sort that out? Spoiler alert: You can’t.
Jamie Dimon: Coronavirus Is ‘Wake-Up Call’. America Isn’t Inclusive Enough
The “social fabric” is “frayed”, Dimon says.
Here’s A Thought: What If (Almost) Everybody Is Wrong?
“This would be perhaps the biggest surprise to markets.”
Caveat Emptor.
Of course, all the usual disclaimers apply.
Morgan’s Mike Wilson On The Rally: This Looks Like 2009 With ‘One Major Outlier’
With financial repression alive and well, “it really isn’t different this time”.
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