It Is A Great Idea For Norway’s $1 Trillion King Kong SWF To Have A 70% Stock Allocation, So Stop Pretending Like It Isn’t
“We must be prepared for volatile stock markets, and can not expect such a return every quarter.”
Minksy 2017.
” The question is whether this will be amplified or not?”
‘Where The Wild Things Are’
“In a way, continued prosperity and stability in itself is destabilizing leading to riskier lending as the asset prices of collateral decline. This is the essence of Minsky’s take on financial markets.”
Epsilon Theory’s Latest: ‘Clever Hans’
“It’s clearly the playbook for our modern markets, where we are trained by the Nudging Fed and the Nudging Street. We are Clever Hans, dutifully hanging on every word and signal from Janet or Mario or Goldman or Merrill as we stomp out our investment behavior.”
Trump To End Loan Forgiveness For Defrauded Students Just Months After Paying Out $25 Million For Defrauding Students
Given that, you might imagine that Trump isn’t a fan of debt forgiveness for students who have been defrauded by for-profit universities because after all, he ran one himself.Â
Two Things: Buybacks And ETFs
Show of hands: who’s surprised?
‘He’s Doing This The Way You Might Attack A Mafia Family’: World Watches As Mueller Moves In
“Bob Mueller is known to be a pretty careful prosecutor.”
Probably Not Best To Cancel Humanities Lectures Just Because Plato Was White, Professor Reckons
“Realizing and accepting this has made me — an eminently replaceable, untenured, gay, mixed-race woman with PTSD — realize that no matter the precariousness of my situation, I have a responsibility to model the appreciation of difference and care of thought I try to foster in my students.”
Just One Chart (Ok, Maybe Two)
“Big league?”
‘Dancing On The Edge Of Metastability’
“But what happens if there is an exogenous circuit breaker and we can no longer pretend?”
First Charges Filed In Mueller Investigation, Arrests To Come As Soon As Monday
We’re gonna need more uranium conspiracy theories.
Trump Releases Actual Commercial Teasing His Pick For The Fed
“Have fun. And God bless America.”
Someone Decided To Let Trump Hand Out Candy To Small Children On Friday Because What Could Go Wrong?
Unfortunately, someone thought it was a good idea to invite the children of the White House press corps into the Oval Office on Friday.
Back To The Future.
It was a good day for the “future.”
One Trader Asks: ‘Jeez, What Does Draghi Know That We Don’t?’
“It feels like yesterday will be as good as the news gets once investors start thinking about it.”
Elizabeth Warren: ‘This Would Increase The Risk Of Another Financial Crisis’
“But big banks want more.”
In 2019, It Turns Negative.
Plan accordingly.
Trump Said To Lean Towards Powell For Fed – Unclear If Lou Dobbs Is Involved
Maybe Lou Dobbs changed his mind, or maybe Trump held another straw poll, or maybe he just woke up on the “Powell side” of the bed this morning, but according to sources who spoke to Bloomberg, Jerome is going to get the job.
Catalan Parliament Votes To Declare Independent State
CATALAN PARLIAMENT VOTES TO IMPLEMENT INDEPENDENT STATE
Trump Tries To Wish Lee Greenwood Happy B-Day, Ends Up Tweeting Some Random Redskins Fan
“Your beautiful song has made such a difference”
Revisiting The Only Thing That Matters In A Taper: Stock Vs. Flow Effects
As a reminder, no one knows the answer to this yet. That’s how it works with things that are “unprecedented.”
A ‘Bleak’ Near-Term Outlook For EURUSD
“Narratives often dominate fundamentals for weeks at a time. Often, old data will be looked at in a new, supportive light when the story shifts, while fresh, contradictory information is dismissed.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
You need an upgrade.
George W. Bush Helped Bring Us Trump And One Speech Doesn’t Change That
“But a more careful look at Trump and Bush’s records shouldn’t elevate Bush; it should remind us that the two presidents have more in common than they care publicly to admit.”
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