“EM-palooza” Vs. DM Fyre Festival
“China’s Belt and Road Forum was a sort of EM-palooza, with an upbeat message of growth and investment. The G-7 finance minsters’ meeting, on the other hand, was more of a Fyre Festival of global economic hegemons, whose flaccid message was “we favor free trade, except when we don’t.”
Apparently, Energy Is One Place Where Equities Are Smarter Than Credit
Early last month, we showed you a chart that “made no sense.” See how the
After $1.5 Billion Outflow, Investors Now Most Bearish On High Yield Since 2008
“Should retail flows turn negative or equity markets selloff, high yield is likely susceptible to a backup.”
Guest Post: Was Noble The Silver Seller?
“Something is wrong. Really, really, wrong.
In Oil, It’s “Smart” Versus “Dumb” Ahead Of OPEC Meeting
Let’s give it two weeks and revisit this to see who was actually “smart” and who was “dumb.”
Politico: Trump’s Own Staff Slips Him Fake News Just To See How Stupid He Is
“Just days earlier, K.T. McFarland, the deputy national security adviser, had given Trump a printout of two Time magazine covers. One, supposedly from the 1970s, warned of a coming ice age; the other, from 2008, about surviving global warming.”
Yes, I’d Like “My Eyes Ripped Out Plz”
“It’s contributing to the death of asset-price volatility. The very phenomenon that so many correctly warn about.”
China Rolling Over + Ballistic Missile Test By Hermit Regime = “Monday Risk-Friendly Tone”
“The weekend news – softer industrial production, Capex and retail sales in China, higher oil prices as Saudi Arabia and Russia agree that output cuts should be extended through Q1 2018, a North Korean ballistic missile test – sees us start in mild risk-friendly tone.”
Oil And China. Because What Else, Right?
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We
Key Calls (Monday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
A “Mind-Boggling,” 60 Trillion Problem
“Therefore, there exists a significant amount and a complex web of cross-holdings between banks and NBFIs as well as among NBFIs. Consequently, it is nearly impossible to have a clear idea who is responsible for what when things go wrong.”
Chart Of The Day: China Versus The World
Ok, fuck it: one more time with the China story on Sunday.
Sunday Humor: With Fabio Unavailable, Fox News Brings On Bobby Knight
Fortunately, no one was choked and no chairs were thrown.
Traders & Producers “Congregated” To Talk Metals Misery: Here’s What They Said
Goldman chats with some folks in Hong Kong…
Looking For “Euro Exit Risk?” We Found It In This Chart
“Risk assets have taken little notice, except in sovereign CDS where the 03-14 switch (buying 2014 definition, selling 2003 definition) – a potentially highly convex trade on a euro exit – remains high for Italy.”
Presenting The Hilarious “DOs & DONTs” List From Saturday’s “Free Speech Rally”
“Bring water and food to share to make friends.”
China Explains Market “Chaos”: You’re Not “Grasping The Rhythm Of The Concept”
“If the financial market compared to the lake system, the lake in the water level is reduced, the flow of the channel to the small river is also narrowing, we have some of the future liquidity concerns.”
Video: Putin, Zeman May Need To “Liquidate” Members Of The Press
Don’t get “liquidated.”
A Quick Look Inside China’s Tightrope Walk
If you struggle mightily when it comes to understanding exactly what the fuck is going on in China’s financial system, you’ll be forgiven because after all, it looks like this…
North Korea Fires Missile, Moon Convenes Security Council
NORTH KOREA FIRES AN UNIDENTIFIED PROJECTILE THIS MORNING: JCS
A Tremendous Impeachment
“It’s not even going to be close,†Trump said. “The ratings for Bill Clinton’s impeachment were a joke.â€
Video: Trump Says God Elected Him President
“Major help from God”…
Goldman: The Bull Market Will Continue And Here’s How To Play It
“Equity bull markets do not tend to die of old age, or even as a result of high valuations; they tend to end when fears of recession rise.”
Wait A Minute. Maybe People Aren’t As Fired Up About Emerging Markets As We Thought
“Yet at the same time as these headlines appear daily, our interactions with investors regarding EM continue to resemble pushing the boulder up a hill. Sadly, the boulder does not have wheels on it, and the hill is a mighty steep one.”
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