‘We’re Going To Need More Tweets’: Dollar Steadies After Late Week Plunge, China Unleashes Largest MLF Op Ever
Someone get Jerome Powell on the phone. China’s covert easing is becoming more overt.
Someone get Jerome Powell on the phone. China’s covert easing is becoming more overt.
Just try to ignore it.
“…downside risks over the short and medium term have increased.”
Expect more dollar tweets.
“This benefits no one.”
“And now,” cried Max, “let the wild rumpus start!†…
Coal mine canaries?
“You’ve still got to pay your bills eventually.”
“We were focused on staving off disaster.”
This is the usual cocktail of geopolitical risk and Fed watching, with a dash of Brexit for bad measure.
Mind the implications of globalization and interconnected markets.
“…fewer choices, potentially less quality, less productivity and higher prices if we reverse globalization.”
Or “burns” – whichever.
“…a market correction may be necessary to reduce the likelihood of a further escalation of trade wars.”
If there’s elegance in simplicity…
Fireworks.
In favor, that is.
Some random musings.
But I don’t want to go among mad people.
Oh, you can’t help that. We’re all mad here.Â
Well, say what you will about the relative merits of Jerome Powell’s “plain English” approach to press conferences, but Mario Draghi just delivered a clinic in how to do this “right.”
Do you speak it?!
Holding pattern as market awaits the Fed.
I doubt it, but as Trump would say, “we’ll see what happens”…
A can kick to next month is about the best you can hope for when it comes to an announcement on the future of QE.
“Quick – the United States suddenly backtracks on half century of globalization and enters a trade war with almost all of its trading partners – do you buy or sell equities? And how about bonds?”
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