North Korea Moves Missiles, Says ‘War Maniac’ Trump Is ‘Making The Situation So Dangerous’
And speaking of things that are laughable, KCNA was out on Saturday with some further “commentary” on the upcoming joint naval drills.ÂÂ
As Dimon Shrugs Off ‘Stupid’ Bitcoin Buyers, One Bank Asks: ‘What Is A Bubble?’
“The dot com bubble had the internet. A constant theme of bubbles is the ability of speculators to shout that dreaded cry “this time it’s different.” Logical arguments against the bubble can then be disregarded as speculators declare that the doubters simply do not understand that the world has changed.”
‘I Ought To Know Better’: Jim Grant Apologizes For Suggesting Bridgewater Is Fishy
“Bridgewater is a secretive and eccentric firm and I let my suspicions of that get in the way of our ordinarily comprehensive due diligence.”
In Joint Statement, Merkel, May, Macron Rebuke Trump On Iran Decision
“We stand committed to the JCPoA and its full implementation by all sides. Preserving the JCPoA is in our shared national security interest.”
Trump Designates Iran’s Revolutionary Guard Corps A Terrorist Organization
The English language is not a sufficient tool when it comes to communicating how truly dangerous of a decision this is.
‘No One Talks About It Anymore’: Trump Is Pushing The ‘War On Christmas’ Meme Again
“Everything is explicit, but the plot cannot be taken seriously.”
Saudi Aramco May Ditch International IPO Plans: FT
We’ll say it again: the obvious question here is what this means for bin Salman’s “Vision 2030” and for the crown prince’s economic reform platform more generally.
One Bank’s Clients Know Exactly What To Do In The Event Of A Vicious Carry Trade Unwind…
And the punchline: if that plays out, there’s only one thing to do…
UBS: Bitcoin Selloff Was Worse Than Weimar, Crypto Will ‘Never’ Be True Currency
“For context, Bitcoin’s collapse in value in early September was worse than the collapse in the value of the German mark at the start of the Weimar hyperinflation.”
Drug Distributors Crash On 60 Minutes Opioid Epidemic Report
I hope you are not in McKesson, AmerisourceBergen and/or Cardinal Health…
‘Let Them Eat Paper Towels’: Krugman Takes On ‘Air Trump’
“O.K., I lied. The dire situation I just described is in Puerto Rico, not Iowa (which happens to have just about the same number of U.S. citizens).”
CPI Misses, Dollar, Yields Fall
CPI rose 0.5% vs est. 0.6%
Ex. food, energy up 0.1% vs est. 0.2%
What Could Go Wrong? ‘Tis The Season To Be Vol-ly
Just to be clear, Goldman doesn’t think anything too bad is likely to happen, but the overarching point of everything said above is that if the question you want to ask is “what could go wrong?” the answer is: “a lot.”
ECB Will Cut QE In Half, But You And Draghi Can Still Netflix And Chill For 9 Months
Yes, “very gradually.” Or preferably “not at all.” But like the Fed, they’re going take some baby steps and see how things go.ÂÂ
On Friday, Trump Will Make ‘Defining’ Foreign Policy ‘Blunder’ With Iran
“Trump’s Iran policy is not just an attack on President Barack Obama’s foreign policy legacy; it will also define his own.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
You need an upgrade.
One Chart Shows All The Ways A Fed Hike Could Create (Fleeting) Bouts Of Volatility
Start from the bottom left…
Trump Calls NBC ‘Disgusting’ Just As CNN’s Erin Burnett Brands Him ‘Hypocrite-In-Chief’
“May be worse than CNN.”
Donald Trump Has A Ground-Breaking New Theory About The Stock Market
“So you can say in one sense, we are really increasing values and may be in a sense, we are reducing debt. We are very honored by it and very, very happy by what’s happening in Wall Street.”
Goldman Spots A Potential ‘Sign Of Trouble’ In High Yield
“It has only been flatter in only 20% of the trading sessions since the crisis.”
‘Are They Playing That For Me?’ Trump Plugs Sean Hannity’s Ratings During Evening Colors
“They’re playing that in honor of his ratings.”
‘You Know What? It’s Fine.’
There’s always tomorrow…
One Trader Reminds You What ‘The Real Driver Of Markets’ Is
“In all my years trading, I can’t recall a non-summer or non-holiday period that has been as boring as the past couple of weeks. I mean, B-O-R-I-N-G.”
San Juan Mayor Rips Trump The ‘Paper Towel Throwing Hater’ In Scathing Press Release
“While you’re amusing yourself throwing paper towels at us”…
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