Threading The Needle Between A Rock And A Hard Place
Nobody wants to be Jerome Powell right now.
Nobody wants to be Jerome Powell right now.
Anything but the trade war and Trump’s generalized insanity.
“It didn’t take much courage to stress the long-term-soundness of money when financial conditions were easing.”
No rest for the weary.
“Despite all the doom and gloom”…
“…we think the placidness of ’17 has made some investors a little soft.”
If you were wondering whether the leveraged loan bubble had stopped bursting, the answer is…
The headline hockey has now become a complete and utter farce.
Europe can’t catch a break.
“A new perspective on monetary policymaking in the post-crisis world.”
An unfortunate state of affairs.
Tell me a story. And then fit this data into it.
Let’s get to the real story from Thursday, ok?
Searching for the elusive “pot of gold.”
“This view has a simple logical mistake”…
Strap in for a full docket.
Can they both be right?
“Our base case is that there will be no agreement.”
Right up until Wednesday at lunchtime, there was a lot of fear out there.
“The local pain-trade remains Equities higher.”
“…we appear to be morphing into that point of the cycle where you need an advanced degree in semiotics and textual analysis to ‘understand’ what the central bank is saying.”
“Ok you guys, show of hands”…
“…if the Fed indeed stops tightening after the December hike, Solomon will be spot on.”
“This risk then becomes that today’s CTA Equities re-leveraging sees another de-leveraging wave”…
This is a big week.
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