Here’s One More Reason To Believe China’s Currency Will Continue To Plunge

Despite the Politburo’s best efforts (which now include the imposition of what amount to new capital controls), capital continues to flow out of China. Put simply: all signs point to further RMB depreciation and no one wants to stick around to see how low the yuan will ultimately go before the PBoC finally throws in the towel…


Goldman Asks: ‘Will The Machines Amplify the Next Downturn?’

Expect this to get plenty of attention.

“HFTs know the price of everything and the value of nothing.”

Carmen Reinhart Has Every Right To ‘Stink’ This Place Up With Her ‘Innocent’ Comments About Emerging Markets Being ‘Worse Than 2008’, Ok?

“It was an innocent comment.”

‘A Taste Of The High (Vol.) Life’, Courtesy Of Goldman

Again, please: “We’re not in Kansas anymore.”

Commodities Are The YTD Winner And One Bank Thinks The Fun Is Just Getting Started

Mind the “how”.

David Stockman: ‘There Isn’t A Snowball’s Chance In Hell That A Yield Shock Can Be Averted’

“For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting.”

Not For The Faint-Hearted: Full Week Ahead Preview

This is not going to be for the faint of heart.

Analysts Can Think Of Worse Things Than A Trade War – Like Say, ‘An Asteroid Hitting The Earth’

So basically, Ben just said that the only thing he can think of off the top of his head that would be worse for financial markets than Trump starting a trade war would be if the plot of “Seeking A Friend For The End Of The World” became reality.

JPMorgan Asks: ‘Has The Marginal Equity Buyer Gone?’

I guess you can’t blame investors being a bit shell-shocked.

Powell Says Stocks Play A Role In Economy’s Performance – Here’s What A Crash Would Mean

Why yes, the stock market is “an important place for investors to invest.” 

Final Curtain? Full Week Ahead Preview

Is this it?

The Psychedelic Swan Moment And Retail’s Volatility Addiction

…that was a 23-standard deviation event. I’m not sure what color swan that is – maybe psychedelic?

Seth Golden Doubles Down After XIV Blowup, Bets $600,000 VIX Will Fall

“I was up until the wee hours, checking my phone to see where VIX futures were trading.”

The Demons Were Real: Monday’s VIX Carnage And The 13-Sigma Event

And so, legions of retail investors, hordes of previously cock-sure newly-minted “money managers”, and scores of popular pundits who swore to you they knew what they were talking about, are left to ponder the stark reality of a market structure-driven nightmare scenario.

Trader: ‘The Path For All Fiat Currencies Is Clear’

“…never in modern financial history has a Central Bank expanded its balance sheet through quantitative easing and then successfully shrunk it back down.”