Silence Is Golden.
Don’t expect it to last.
Don’t expect it to last.
This is *not* the base case, but someone will invariably pitch it as such.
Try again.
Well, he blinked – sort of.
Anyone for falling knives?
Misplaced optimism. Across the board.
“The intensity of the move exceeded market expectations.”
But I don’t want to go among mad people.
Oh, you can’t help that. We’re all mad here.Â
“Do you see what happens Larry”
Because “fuck ’em”, that’s why!
“Unanimous concern and disappointment” and deteriorating sentiment despite a bid for the periphery.
“Trump changed the dynamic regarding China but in one weekend Secretary Mnuchin has given it away” — local moron.
A more “credible” explanation?
“…other issues remain relatively big.”
“I think we are just in the middle of a correction. And I think, overall, the structural story is still pretty positive. But this is a correction that may not be over yet.”
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.
Aaaand that’s the week, folks.
What. The. Actual. Fuck?
It’s more likely than not that Trump takes it up another notch, so be prepared.
CHINA CUTS RRR FOR QUALIFIED BANKS BY 1 PERCENTAGE POINT
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.
“It’s a good thing Xi is bringing this tone to it because markets would be very upset if he played it like Trump.”
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