New From Epsilon Theory: The Many Moods Of Macro
“At their core, most macro models are central banking models and macro managers are carry investors. They willingly tied themselves to success in predicting bank actions, and in so doing had a wonderful stretch of good returns and low correlations with stocks.”
Dick Cheney Thinks It’s About Time We Drop This Aversion To War Crimes Crap And Get Back To Torturing People
Because fuck human rights, I guess?
‘February Was As Significant As The 2007 Quant Meltdown’: Here’s What Goldman Expects For Volatility
Just buy the dip, Jerry. Everyone’s buying the dip.
BTP-Bund Spread Widens As Italy All Set To Try Populist Government, Because What Has Ever Gone Wrong With That?
But don’t get any ideas or Draghi will “rip your eyes out”.
CPI Misses As Investors Get Possible Reprieve From Inflation Jitters
Do you feel better?
More Policy Divergence: BOE On Hold, Signals ‘Limited’ Tightening
In case it isn’t clear enough, this just further underscores the policy divergence narrative.
Hedge Funds Didn’t Lose That Bet To Warren Buffett Because Passive Indices Will Always Beat Active Managers Over The Long Term But Because They Just Picked The Wrong Decade To Bet On
That’s the real reason Buffett’s declining a sequel and not because actuarial science says he’ll be dead by the time it ends.
‘It All Makes Sense When You Look At It Right’: The Dollar, Yields, Oil And The EM Bloodbath
“…you gotta like, stand back from it, you know”.
RBC’s Joseph Spak Writes Letter To Elon Musk That’s Just As ‘Boring’ And ‘Boneheaded’ As The Questions He Tried To Ask On The Tesla Call
Think of it like a reverse Dear Abby, where “Abby†is called “Elon†and via a collection of companies, “she†makes semi-autonomous (and seemingly combustible) electric cars, literal rocket ships, mass market flamethrowers and in the not-so-distant future, candy.
The Day After.
One day on…
Trader Asks: Emerging Market ‘Meltdown’ Or Much Ado About Nothing?
“The start of something? Or much ado about nothing?”
‘Who Knew Michael Cohen Was Leonardo da Vinci?’ Trump Lawyer Trolled As Novartis, AT&T Struggle To Explain Ties To Porn Star Slush Fund
Now, everyone listed in that document is scrambling around to try and explain exactly why they wired a shit load of money to a shell company that, among other things, was used to payoff a goddamn porn star who (allegedly) spanked the President of the United States with a magazine, before fucking him while watching Shark Week.
Did January 2018 Mark ‘Peak Retail Investors’?
Ahhh, retail investors.
Fired DE Shaw MD Shocked That Anyone Was Offended By His Mel Gibson Impression What With All The Orgies Raging In The Office
Daniel Michalow admits to being an asshole, but he also wants David Shaw to know that erryone at DE Shaw be f@ckin.
10Y Yields Are Back Above 3% And Oil Is Surging – What Happens Next?
10Y yields rose above 3% again overnight, so I guess Jamie Dimon is getting closer to being “right” all the time.
Jamie Dimon Understands That His Future President Self May Have To Deal With A Recession And/Or Higher Yields
“Someone asked me once, what’s the odds of a recession? I said it’s 100 percent. But the question is when.”
Hold My Beer While I Poke This Hornet’s Nest.
Well, he did it.
It’s Official: Trump Exits Iran Nuclear Deal, Accuses Tehran Of ‘Nuclear Blackmail’
TRUMP SAYS U.S. WILL EXIT THE IRAN NUCLEAR DEAL
Argentina Looks To IMF For $30B Credit Line Amid Run On Currency
Anyone want to try and predict what comes next here?
Trump Will Withdraw From Iran Deal, Let Sanctions Go Ahead, Crude Whipsawed
Draw your own conclusions.
Goldman Says Overweight Cash As Ray Dalio’s ‘Pretty Stupid’ Cash Holders Still Looking ‘Pretty Smart’
There is suddenly an alternative.
Italian Ice: Who Wants To Have A Snap Election In July?!
Draghi probably could have done without this.
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