How Long Can Liquidity Trump Fundamentals?
Maybe forever, but a word of caution…
Maybe forever, but a word of caution…
“Poloz can’t lecture us about household debt when his interest rate policies helped fuel the Canadian consumer debt orgy”.
We’ve been over this before
“It was probably the worst briefing I’ve seen… in the nine years I’ve served in the United States Senate”.
“Invitation” revoked, apparently.
“…from there to Tehran and his hometown Kerman in the southeast for burial on Tuesday”.
It is impossible to overstate the significance of his demise.
Trump is sending an infantry battalion.
“As a contrarian, consensual group-think views into the year-ahead are often exaggerated”.
A laughably overwrought ceremony at the Fairmont in Riyadh featured green lasers…
“He’s looking at how it got started”.
This is pretty simple, really.
Just call it another casualty of the trade war.
“I expect the Senate to conduct proceedings that are fair”.
“I love trades where I understand the mechanics of a large mispricing”.
And passive investing plays a role.
“Rioters”.
Now there’s a timeframe for “adjustment”.
“20th century capitalism is a spectacular confirmation of this mathematical result”.
“Two strategies that in theory should have little to do with each other” have been “nearly 100% correlated” recently.
“We know how sensitive they are to the Fordow facility”.
All told, the headline beat will likely be enough to bolster the rosy economic story.
“When those guns start shooting they tend to do things”.
“…if any of those clowns became President!”
“…an egregious abuse of the system”.
“The federal government has largely failed”.
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