In Brazen Move, Europe, Russia, China Establish SPV To Circumvent Trump’s Iran Sanctions
“The question is whether this will work.”
Search Results for: black zero
Liquidity Drain And The ‘Still Playing Non-Stop Event Risk Cabaret’
The tide is going out.
Rudy Giuliani Says Trump Ready To Fight Possible Mueller Subpoena All The Way To The Supreme Court
“We would move to quash the subpoena.”
Don’t Forget About Russia
Lost in the shuffle, but not for long.
With Rial In Free Fall, Iran Readies Emergency Measures On Eve Of U.S. Sanctions
But don’t hold your breath for regime change.
‘Nuclear’ Winter? What The Proposed Russia Sanctions Bill Means For Markets
Turning the screws.
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.”
David Stockman Weighs In On 10Y Yields At 3%
“In a word, honest bond yields will knock the stuffings out of the mainstream fairy tale that passes for economic and financial reality.”
David Stockman: It’s A Matter Of Time Before Trump Attacks The Fed
“Indeed, the Donald’s impending attack on the purported sacred ‘independence’ of the Fed is the Orange Swan that looms over the casino.”
Epsilon Theory’s Latest: The Icarus Moment
“What if I told you that you’ve been whipsawed by a cartoon, and you’re going to be whipsawed again?”
Trader: ‘That’s Not A Bond Bear Market’…
“And you would think that this might be bullish for bonds, but no, far from it. A Central Bank that is not willing to invert the curve and take the economic hit from forcing a recession is a bond investor’s nightmare. After all, apart from default, inflation is the absolute worse thing out there.”
Goldman Interviews Paul Tudor Jones, Gets Retelling Of The Battle Of The Little Bighorn
“Let me describe to you where I think Jerome Powell is right now as he takes the reins at the Fed. I would liken Powell to General George Custer before the Battle of the Little Bighorn, looking down at an array of menacing warriors.”
Trump On School Shooting: ‘I’d Run In There Even If I Didn’t Have A Weapon’
“Cadet Bone Spurs.”
David Stockman: Here Comes The Yield Shock
“That’s right. The taxpayers and future generations be damned. Apparently, it doesn’t matter how many small businesses, farmers and entrepreneurs get elbowed out of the capital markets by Uncle Sam’s $1 trillion per year borrowing spree: Mitchels & Chuckles intend to keep the Washington Monument open and the Imperial City’s 3.7 million employees paid in full come hell or high water.”
New From Epsilon Theory: ‘Things That Go Bump In The Night’
“Why should we pay good money to buy put options as a hedge on our portfolio when the Fed will give us a put option for free? I think this is the most far-reaching and transformative effect of the extraordinary central bank policies of the past eight years — we are no longer afraid of things that go bump in the night.”
Are You Underestimating The Size Of The Crypto Bubble?
“In some cases this might make sense (for bitcoin, the total supply is not yet mined and won’t be for a long time so it is truly not accessible), but for almost all other cryptoassets this view is simply misleading.”
For The First Time In Modern History, A Better Future Is Not The Base Case
“For any ideology the gradient between the present and the future has always had to be positive.”
A $20 Trillion Oops Moment
“We forgot to correct for the hyper-inflation.”
Bitcoin Surges Above $8,000 As Stupidity Goes Parabolic
To be sure, it’s impossible to know when something like this will finally succumb to reality, but these kinds of things are vulnerable to crises of confidence and in the absence of any kind of fundamental thesis to fall back on, it won’t be immediately clear where the “bottom” is when Wile E. Coyote finally looks down.
Thanks A Lot: Full Week Ahead Preview
Holiday road.
Goldman Asks: ‘Is Bitcoin The New Gold?’
“An understanding of the physical nature of Bitcoin allows us to revisit our previous analysis of the physical characteristics of precious metals, comparing and contrasting them with cryptocurrencies.”
Are You A Racist? Probably.
But what you probably don’t stop and consider is the possibility that you too are a racist.
A New Global Trend Or Just Maple Syrup On Bacon?
“I can already hear the guffaws from all my hard money readers. The last thing the government needs to do is spend more money is what they will say. We need to save more, spend less, and tighten our belts. Well, that has been tried.”
From Russia With Love
“Would those analysts accept the widespread U.S. narrative that Vlad’s program had zero impact on the U.S. vote?”
The Case For Long Volatility: Eric Peters ‘Imagines A Historic Reversal’
“Lehman was not a Black Swan. I worked there for seven years and we spent most of them imagining the firm abruptly failing.”
ECB Tries To Wake Up ‘Exceedingly’ Sleepy Robots With Reuters Leak – Fails
“The important thing is not to pre-commit and keep it very gradual.”
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