Zoltan Pozsar: Commodity Chaos Could Spark ‘Classic Liquidity Crisis’
“A wise guy’s always right,” Al Pacino’s Lefty Ruggiero told Johnny Depp’s Donnie Brasco, during
“A wise guy’s always right,” Al Pacino’s Lefty Ruggiero told Johnny Depp’s Donnie Brasco, during
The Russian economy could “collapse” under the weight of Western sanctions, JPMorgan said, in a
The headlines for Vladimir Putin’s Russia were ominous on Thursday. “The West is trying to
When you’re in a hole, the first step is to stop digging. But not if
“Recessionary.” That’s the word BofA’s Michael Hartnett used to describe a somewhat inauspicious juxtaposition in
Investors pulled billions from money market funds in the four weeks through mid-February, a period
Is credit the canary? Honestly, I don’t know anymore. Up is down and down is
Since everyone is competing for the same fraction of our (limited) attention, sooner or later
There was more trouble in paradise on Thursday. Chinese developer Kaisa Group said a subsidiary
The preponderance of evidence suggests inflation is not transitory, the rub is that interest rates
Traders and investors were greeted by proliferating coverage of China’s latest COVID outbreak as the
Evergrande found $83.5 million. With just days to go before the grace period on a
For the first time since the unprecedented exodus that accompanied the onset of the pandemic,
Chinese shares rose Friday as the mainland came back online after the holiday. There was
Forever ago, I had a boss whose demonstrable success had the effect of gradually eroding
Is enthusiasm for one of most spectacular equity rallies in recorded history waning, or is
US equities managed a weekly (and monthly) gain as Americans looked forward to a long
Don’t say you weren’t handed a dip to buy. Or a falling knife to catch.
By now, most market participants with more than a passing interest in the day-to-day goings-on
It’s a broken record, yes, but it’s also a tautology: There’s a lot of uncertainty
“[Our] underlying business results were offset by the significant charge in respect of the US-based
With US CPI and this week’s Treasury supply having come and gone with barely a
Q1 2021 was the worst quarter for investment grade credit since Lehman. Total returns in
And while I am being honest, let me further reveal that my membership in the
It made an already precarious situation worse. That’s one way to describe the knock-on effect
As a new week dawned, investors and traders from around the globe were greeted with
There are plenty of lingering questions on Wall Street and not a lot of answers
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