“I would not turn my back on the Chinese Communist Party if they were two days dead”, he said.
Category: Markets
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”.
An Aggrieved Howard Marks Warns Fed Action Risks Creating ‘A Fake, Potemkin Market’
Another incredulous “legend”, robbed of an opportunity to make (more) millions.
Nomura’s Charlie McElligott: ‘Money Printer Go Brrrrrrrrrrrrr’
Also, there’s vaccine euphoria in the air.
‘The Chinese Are Buying Everything In Sight’: Xi Conjures Astounding Oil Demand Recovery
Chinese oil demand seen in ‘remarkable’ rebound to near pre-virus levels.
Damn The Depression. Onward And Upward. With Apologies To The ‘Legendary People’
It’s not “supposed” to be this way, after all.
Jay Powell Skeptical Of Full Recovery Without Vaccine. Says ‘No Limit’ To What Fed Can Do Under Lending Powers.
“There is… no limit to what we can do with these lending programs”.
Imagine This: 25% Of America’s Restaurants May Disappear Forever
For many of these establishments, it’s already too late.
Goldman: Quarterly EPS Growth Will Be Negative At Least Through 2020
A maddeningly slow rebound.
The ‘Winner-Take-All’ Market And Our ‘Scroll Hypnosis’ Economy
“The stuff that can grow”.
Pandemic Panic Produced Historic, Quarter-Trillion Decline In Foreign Treasury Pile
March’s historic tumult produces another record.
Will Trump Gamble 20% Of The US Stock Market To Pursue Big Tech Grudge? ‘Stay Tuned!’
An “illegal situation”.
You must be logged in to post a comment.