Blazing Saddles, Flying Sacks Of Heroin, And The Debt Ceiling
The situation is so surreal that reality is now its own joke.
Whom Fortune Favors
“What a bunch of superstitious hogwash.”
Nobody Panic.
Your refund will be escaping this death trap with your life…
Let’s See If We Can Find A Reason Why The Plunging Dollar Isn’t Trump’s Fault
But do me a favor: don’t act like the controlling factor here isn’t Pennywise, the geriatric orange clown.
Leaked E-mails Show WSJ Editor In Chief Pressured Reporters To Alter Trump Coverage
“Could we please just stick to reporting what he said?”
Is Anyone Worried About Emerging Market Stocks Sitting At 3-Year Highs?
…this is another one of those scenarios where everyone seems to be pretty damn sure that nothing can go wrong.Â
Larry Summers Isn’t Losing Sleep Over Bubbles But Yellen Leaving Would Keep Him Up At Night
“…if the ninth year of expansion with unemployment approaching 4 percent is not the time for above-target inflation, when will that moment ever come?”
Dollar Drops On Yellen’s Jackson Hole Remarks: Highlights
And here are the highlights from Yellen’s speech in Jackson Hole via Bloomberg..
‘Wow!’ Friday Morning’s Gold Chaos In Pictures
Draw your own conclusions…
Thumper Does Jackson Hole
“Frankly, if they won’t or, more likely, can’t tell us what they are planning to do, they should take a pass and stick to their economics and orthodoxies.”
One Trader Takes A ‘Dark Side Stab’ At Jackson Hole
“No, a surprise will most likely look like a Central Bank chief that attempts to put policy back on the previous tighter path.”
King Dollar Meets Its Waterloo
“Given this year’s political failures you can’t blame investors”…
Karl Rove Clowns Steve Bannon: ‘Some F*cking Machine’
“The White House and the country are better off with Mr. Bannon back at that website.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
You need an upgrade.
Mutual Funds Will Do 2 Things: Pile Into Tech, Fade Donald Trump
“InformationTechnology has been the primary driver of above-average fund returns versus their benchmarks in 2017 (Exhibit 5). The average large-cap mutual fund is overweight Info Tech by 144 bp, the largest overweight across all sectors.”
Larry Summers Just Got Back From Mexico And They’re Laughing At Us Down There
“…leaders have moved from being appalled and alarmed by the Trump administration to being appalled and bemused.”
This Hasn’t Happened To The Yuan Since July Of 2014
“…this wouldn’t be the worst time to create some renewed depreciation.”
Tammy Duckworth Is Not Amused With Trump’s Transgender Ban
“When I was bleeding to death in my Black Hawk”…
Waiting Game.
Just biding time…
Grocers Dive As Amazon Delivers ‘Fresh’ F*ck You With ‘More To Come’
AMAZON SAYS WHOLE FOODS TO CUT SOME PRICES STARTING MONDAY
Will Friday Be Yellen’s ‘Irrational Exuberance’ Moment?
Therein lies the irony…
‘It Would Push The U.S. Into Recession’: Barclays Weighs In On Debt Ceiling, Shutdown Risk
“A contraction of federal spending of this magnitude, the risk of default, sovereign reputational risk, and negative consequences for confidence and private sector behavior would likely push the economy into a recession if the situation persisted.”
Stocks Have ‘Friends In High Places’
Well, former trader and man who has been trying really, really hard lately to keep
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