“It’s a good thing Xi is bringing this tone to it because markets would be very upset if he played it like Trump.”
“You wanna play rough?!”
Don’t poke that dragon.
So as you’ve probably heard, The People’s Republic Of Xi appointed their first new central bank governor in 15 years overnight in Yi Gang.
Now you will clap for Xi.
Or maybe you too will end up charged for “crimes”.
One man to rule them all.
“Let me in.”
“…as for this morning’ ‘it’s quiet, too quiet’ is the only quote that comes to mind.”
Well, SocGen is out with their Global Economic Outlook which, as you may or may not be aware, usually includes a picture of a bell curve with some swans on it. I’m skeptical that anyone actually reads these things. As Reuters wrote earlier this year, “about 40,000 research reports are produced every week by the world’s…
Well, you know what they say, “all’s well that doesn’t end in a giant mushroom cloud.” That’s how it feels on Wednesday morning after Chinese TV reported that President Xi Jinping had a phone call with Donald Trump during which the two discussed North Korea and Syria. On Syria, Xi said using chemical weapon is unacceptable and as…
It’s Thursday, which means today’s Donald Trump gets to look the Donald Trump who refused to shake Angela Merkel’s hand square in the eyes and say “hold my beer.” Chinese President Xi Jinping (also known as the most important person on the planet) will visit Trump at the President’s Mar-a-Lago club in Florida (where else, right?)…
“The question you need to be constantly asking yourself is whether any given move or news is fundamentally important or at the margin? Does it break new ground or is just a data point? Will there be some policy response or not?”
“That environment leads to an adamantly divided market. On one side are those who cite growth and liquidity as a reason to always buy the dip. On the other, those who fear calamity, citing the idea that low volatility has induced excess leverage to chase returns and a misallocation of capital.”