The Press Knows What Will Cause The Next Crisis, And It’s Corporate Debt
“For financial journalists, pinpointing the source of the next meltdown is no easy task. The ones who did so pre-2008Â were few.”
“For financial journalists, pinpointing the source of the next meltdown is no easy task. The ones who did so pre-2008Â were few.”
Why it would “be prudent” to wait on full capitulation.
As ever, the risk is that we get “proof” that fears of an inflation shock are not entirely unfounded.
“…or is this just déjà vu all over again?”
“The main risk to our pro-cyclical and non-US tilt is a spiraling escalation of the trade war, political tail risks in Washington, and failure of the Fed to recognize those potential developments.”
“Hand over your trade policy and I’ll release global markets”…
“The changes, the inflections that are made happen unemotionally and happen with significant leverage behind them.”
After a pivotal week, where to?
Around the world in 2,100 words.
Signal versus noise.
“The market has just been getting narrower and narrower.”
Get ready to be “taxed”, you consumers, you.
“We have been out on a limb the past month.”
Who will be the marginal buyer of equities going forward?
The first shall be last.
Down the rabbit hole…
“You will ride eternal, tacky and gold leaf”…
Take that, “old, grizzled PMs.”
Just buy the dip, Jerry. Everyone’s buying the dip.
Clients just want to know when the damn recession is coming, ok?
Keep calm and take (some more) risk.
“Needless to say, you can’t capitalize those types of gains because they are non-recurring and non-sustainable.”
“…like in the case of an aging human, where weakened defenses and impaired resilience cause it to succumb to infections and other exogenous threats, the main street economy is exceedingly vulnerable.”
Ok, well all eyes will be on the U.S. in the week ahead.
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