“This could further escalate the rates selloff in unruly fashion”.
Category: Markets
People Take Break From Selling Italian Assets To Make Sure They Still Have Some To Sell Later
“Either this is the people’s budget or it’s not worth it.”
Inflation In Turkey Soars To Laughable 25%, Real Rates Now Negative Again
Turkey isn’t out of the woods yet.Â
Trump Administration’s Hassett Says Goldman Is Involved In Democrat Conspiracy (No, Really)
“…almost at times looks like the Democratic opposition.”
Expensive Dollars And The Return Of Negative Hedged Yields
“This might be telling us that there is a growing USD shortage developing.”
Claudio Borghi Knows There’s Never A Bad Time To Throw Gas On Raging Italian Dumpster Fires
“The euro as a common currency is not sufficient.”
Goldman Traced The History Of S&P Divergences – Here’s What They Found…
What does history tell us?
‘Don’t Get Caught Short Into October’s Cyclical Melt-Up 2.0’, Nomura’s McElligott Warns
“The pieces are in place”.
U.S., Canada Reach NAFTA Deal Ahead Of Midnight Deadline
Trilateral it is.
Now Hiring: Full Week Ahead Preview
Another week, another litmus test…
Trump Calls Saudi King (Again), Wants Lower Oil Prices
“Hello? Yes, it’s me. The guy who accused you of ‘ripping off the world’ on Tuesday.”
Tasseography And The Shrinking Playground.
Tea leaves, optimal control problems, and inner and outer limits…
Goldman: S&P EPS Growth Will Flatline In 2019 If Trump Goes All In On China
To say the market got a “reprieve” from trade frictions this week wouldn’t be entirely accurate…
Too Much Finance
It’s heartening to see mainstream economists advancing from broad-brush findings that Too Much Finance is bad to more finely detailed accounts of how it’s bad.
Mob Hit: Italian Assets Whacked In Bloody Friday Rout
Sonny on the causeway and such.
‘We Do Not Think Markets Will Appreciate This’: Italy’s Populists Successfully Blow Up Budget
“We see this as a defeat for Mr Tria, as a guarantor of fiscal prudence.”
‘What Is Going On?’ One Bank Sifts Through The Noise
“At the risk of over-simplification, and to misquote James Carville, it’s the US economy, stupid.”
These Are The Three Most Vulnerable Areas To A Rising Risk-Free Rate
The straw that breaks the camel’s back…
Hong Kong Hijinks: Here Comes A Bursting Property Bubble
“This is fine.”
Racing A Thunderstorm: Indonesia’s Fifth Rate Hike Since May Underscores EM Fed Angst
Well, you can’t say they aren’t trying.
Italian Assets Crushed As Populists Upend Budget Talks At Last Minute
Predictably, the fraught Italian budget negotiations went off the rails at the last minute.
Marko Kolanovic: Current U.S. Policies May Accelerate Global De-Dollarization Push
“…the question arises whether the rest of the world should diversify away from the risks of the USD and USD-centric finance.”
Fed Hikes Rates, Removes ‘Accommodative’ From Statement: Full Coverage
And now, the main event.
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