Currency Havens For Millennials – And No, Not Bitcoin…
“Sure, they’re unlikely to seek shelter in Bitcoin and other cryptocurrencies just yet, not even Millennials. But they may well prefer a haven basket that includes more”…
“Sure, they’re unlikely to seek shelter in Bitcoin and other cryptocurrencies just yet, not even Millennials. But they may well prefer a haven basket that includes more”…
Your refund will be escaping this death trap with your life…
“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”
“The circus at the White House makes for compelling viewing, as evidenced by the recent rise and fall of “the Mooch.” But if you want to forecast asset markets correctly, focus on the facts.”
“We continue to stand by the message that a window of opportunity remains open”…
If you didn’t get your fill of hand-wringing over DM central banks last week, then you’re in luck…
Ok, so Shinzo Abe’s LDP suffered a stunning loss in Tokyo assembly elections over the weekend,
“But rolling back globalisation would be as foolhardy as rolling back technological change.”
Markets will get a well-deserved break from scheduled event risks in the days ahead after
“If there was sufficient loss of political support in the US for many of Trump’s policies such that the chance of successful execution falls towards zero, then central banks may need to return to the forefront of the deflation battle. Central Bank support for the economy was starting to lose credibility amongst some investors last year.”
“People have said they have quite enough of austerity politics. The PM called this election because she wanted a mandate. Well, the mandate she’s got is lost Conservative seats, lost votes, lost support and lost confidence.”
Did anyone tell you that today is “Super Thursday”?Â
“For good reason, we’ve gotten used to taking everything with a grain of salt. It’s probably better to err now on giving them a serious dose of the benefit of the doubt.”
Well, SocGen is out with their Global Economic Outlook which, as you may or may
Balls: “We believe that many market participants today are too relaxed, that medium-term risks are building.”
“It’s yet another example of how the global narrative increasingly resembles a tag team wrestling exhibition. Or at least a heated he said, she said rumble.”
“Flows into EM assets persists despite this sort of news that you’d think would have the opposite impact.”
“Technical factors and central bank liquidity have allowed markets to suspend disbelief.”
Goldman chats with some folks in Hong Kong…
Because if you’re looking at geopolitical stability, there’s not a whole lot to get excited about. Well actually, that’s not true. There is a whole lot to get excited about. Where “excited” means “fucking terrified.”
“As good as it gets?”
Ok, so who’s ready for next week? That’s right, today’s Sunday which means tomorrow is
“Despite the 16 weeks of inflows into EM debt, positioning is not that extreme, as investors have been reducing risk in last few days ahead of binary events. Market participants agree that valuations are stretched but carry seems to be the only game in town.”
“US equity underperformance has been rare in recent years, but year-to-date, US equities have underperformed global equities by around 0.7% in USD terms. We reiterate our underweight stance, and view the challenges for US equities in a global context as the following”…
Are you confused about the political outlook in Washington? Yeah? Well, that’s ok because believe
Those who, like me, are in the maddening habit of tracking markets on a minute-by-minute
“Credit supply restraint isn’t showing up in the numbers,” said George Magnus, an associate at the University of Oxford China Centre and former senior adviser for UBS Group AG. “Credit creation is still running way too fast.”
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