‘A Massive Margin Call On The Whole Financial Asset Rally Since 2010’
“The moves smack of massive de-leveraging and a run into dollar cash”.
Bernanke, Yellen, Ackman Sound Alarm. Some Now See Virus As Existential Threat
We are, to put it bluntly, at a tipping point.
‘When Risk Parity Goes Wrong’ And The Coming ‘New World Order’
“I believe that investors are realizing that, in fact, this dual ‘Left Tail’ is now clearly about to dictate a ‘new world order'”.
As Crisis Swap Lines Tapped, Zoltan Pozsar Says ‘The New Shadow Banking System’ Needs A Backstop
“Carry makes the world go round and central banks will have to backstop the shadow banking system – yet again.”
It’s All Down But The Dollar.
And yet, there’s one thing that’s up…
Steve Mnuchin Didn’t ‘Predict’ 20% Unemployment. It Was Just A ‘Mathematical Example’, Ok?!
I’m guessing “Great Depression II” wouldn’t poll well.
Fed Unveils Another Emergency Facility, Says Primary Dealers Can Post Stocks For Cash
“Credit extended may be collateralized by a broad range of IG debt and equity securities”.
It’s Not Enough. It’s Just Not Enough.
The situation is fluid.
Some Guy Dressed Up Like Steve Mnuchin Is Going To Send You Free Money ‘I Mean Now’
“In the next two weeks”.
Fed Reinstates Emergency Commercial Paper Funding Facility In Move To Avert Crisis
“The commercial paper market has been under considerable strain in recent days”.
Nomura’s McElligott: We’re Seeing ‘Nervous Dollar Hoarding Demand’
“…USD funding pressure continues to mount despite the positive optics of the coordinated global CB FX swap line actions”.
Whac-A-Mole! Fed Faces Nightmare As Libor, Cross-Currency Basis Blow Out, CP Market ‘Frozen’
Stress, pressure, strain – pick your descriptor.
$850 Billion.
Governments are under pressure to do something – anything.
‘It’s Bad’
Pride goeth before destruction, and an haughty spirit before a fall.
Off The Rails.
â€If the federal government doesn’t step up quickly…”
Riksbank Expands QE, Tells Banks They Can Borrow ‘Unlimited Amount Of Money’
Again, the ammo is all but spent, folks. Fiscal policy absolutely has to take the reins.
‘There Are Calls For A Market Closure To Stop The Bleeding’
“Equities players voice no desire to even think about playing offense”.
Speed Demon: Fastest Bear Market In History Leaves Traders Reeling
Staring into the abyss – again.
Empire Manufacturing Survey Plummets. March Drop Is Largest In History
And so, it begins.
‘This Is War’: Analysts Pile On As Virus Lockdowns Presage ‘Domino-Style Economic Collapse’
Not to put too fine a point on it, but it’s over.
‘Bazooka = Sell’: Markets Implode On Central Banks’ Coordinated Panic
“It appears ‘Bearmageddon’ is upon us”.
All In. Limit Down.
“The Fed has likely fired off its last bazooka.”
RBA Says Ready To Buy Bonds. Action Coming Thursday
“It was just a question of when”.
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