If you do the math there, that means that in the space of just two years, there was a ~$400 billion decline in reserve accumulation from oil exporters. That’s “QT” – depending of course on what they’re accumulating.
China is going to hit you with so much news that you’ll have a difficult time crafting a consistent narrative and who knows, maybe that’s the point.
And it’s only Monday.
” Most of what I learned about this trade was through rumours heard at bars and tidbits passed along the trading desk at slow moments. Yet I think I know the story well enough to recount the tale of one of the gutsiest risk arbitrage plays of all time.”
An “immediate, intense” fucking.
“What if I told you that you’ve been whipsawed by a cartoon, and you’re going to be whipsawed again?”
“…what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of a dead bull?”
“The name of the thing being sold isn’t always a very good representation of what the thing is, sometimes for innocent reasons, and sometimes because crunchy, raw, unboned, real, dead frog doesn’t sound very appetizing.”
“That was fast.”
“We will probably never know, but I think it’s an interesting exercise to speculate on the reasons for the massive bet.”
Well damn. That moved from “early-stage” to “advanced” de-risking pretty goddamn quickly, didn’t it?
“…emails and phones did not stand still.”
As this year melts into next, we thought we’d revisit five key problems the country faces for readers who have a keen interest in the extent to which America, while not the barren, bone-strewn wasteland imagined in Donald Trump’s inauguration speech, does have a set of rather serious issues it needs to address in 2018.
This horse has left the barn.
Whatever the case, we shouldn’t lose sight of these two trillion-dollar bubbles because, well, because they are trillion-dollar bubbles and generally speaking, trillion-dollar bubbles do not just go gentle into that good night.Â
“I know a lot about Bitcoin.”
“…people think that even Chuck Norris can’t make money buying vol.”
That is all kinds of precarious for all kinds of reasons that should be obvious to anyone with any sense.
Fresh off releasing a 28-page report on the low vol. regime called “The Upside Of Boring,” Goldman is out on Wednesday asking an important question: “Are Vol. Selling Strategies Crowded?”Â
Gandalf is back. A couple of weeks after retracting (at least partially) his “buy every
“Investors need to consider what can happen in severe scenarios”…
Make no mistake folks, this is populism exposed. And it’s not unique to the Trump administration. When you hear these messages from administration officials, from their ideological affiliates in Europe, and from all corners of the Right-wing peanut gallery whether on television or in cyberspace, ask yourself this: “are these people really who they say they are and do they really represent my interests?”
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