‘Great Again’
Are we there yet?
Are we there yet?
Tension is running high on Monday…
“Fragile Five” and “an alternative version of monetary policy reality.”
“Take that with a grain of salt though, because remember: nothing that should matter ever matters anymore.”
“You will ride eternal”, reckless, gold leaf, and outrageous…
Oh good! Another “what could go wrong” moment.
“Remember when candidate Trump accused Hillary Clinton of running a “vast criminal enterprise†out of the State Department? Well, Mr. President, what in the world would you call what your daughter’s husband is doing right now from inside the West Wing?”
“… when Kelly is not around.”
Let me just be clear, because even liberal media outlets are clinging to this absurd “false equivalence” narrative: there is no “false equivalence” if what we’re talking about is owning slaves.
“Nevertheless, it is imperative that any president be surrounded by a smart, capable and responsible team. Without one, the country runs grave risks that implicate not only its own future, but the world’s.”
But we would caution that you have now run out ahead of your fairy godmother…
“At the Pentagon,â€Â reports BuzzFeed, the tweet “raised fears that the president was getting ready to announce strikes on North Korea or some other military action.â€
“Investors should not interpret this as a sign of quiet trading in the summer and muted price moves ahead. Instead, we view this as a good opportunity to add to their long exposure with cheap optionality, especially with global oil inventories continuing to tighten and geopolitics heating up again.”
As for what’s in store, Hauner warns that once “the big Minsky” moment comes, “people will be sitting on these ETFs and find there’s no liquidity.”
Well, the won is at four-month low against the dollar on Thursday because, well, because
“Many risk assets are ripe for a correction from elevated levels and North Korea’s latest provocation provides sufficient excuse for traders to act.”
Remember back in late 2015/early 2016 when everyone was panicking about the Saudi riyal peg
“We have been accused of bias, of catalysing the Arab Spring, of having an agenda, and of favouring one group over another. We reject these allegations and our screens are a testament to our integrity.”
“The implications are far reaching, with scarcely a country in the region not at risk of being drawn in.”
“But then the market, with nothing else to do, started to focus on oil prices”…
“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
In case you were in any way unclear about this: Saudi stocks are super excited
“It’s clearly a transition that has happened smoothly and bloodlessly. Now it’s clear, it’s straightforward. That kind of clarity lowers the risk. There’s no question as to who’s going to be in charge.”
“Obviously, the sentiment in the market right now is negative and bearish.”
“It is not hard to show that someone in the Brigades knows someone who knows someone in al-Qaeda.”
When considered as a single body of work, the President’s two-day Twitter tirade certainly qualifies as one the most ridiculous spectacles ever created by someone who holds public office.Â
You must be logged in to post a comment.