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.”
No Talent.
Color me incredulous.
Never Go Full-Trichet
“The reality is that no country can afford to have the most aggressively tight monetary policy. Whoever is foolish enough to attempt to return their monetary policy to normalcy, finds themselves at the end of a strong currency, and importing all the world’s deflation.”
‘Crisis’ Averted.
Now back to your regularly scheduled rally.
‘Wolves’: Albert Edwards Returns To Outline The ‘Nightmare Scenario’
“It could happen tomorrow given the extreme expense of US equities and the near universal consensus of a continued acceleration in the economic cycle despite the Fed also in the midst of a tightening cycle.”
Trader: ‘Stocks Are Overvalued And We All Know It’
“The debate continues to rage over whether and why equities are overvalued. Ultimately, it’s a waste of time.”
In Most Aggressive Push By U.S. Social Media Yet, Twitter Bans Sputnik, RT Ads ‘Effective Immediately’
“Twitter has made the policy decision to off-board advertising from all accounts owned by Russia Today (RT) and Sputnik, effective immediately.”
You’ll Get Your ‘War’ Steve: GOP Establishment Launches Push To ‘Personally Attack’ Bannon
“This is a guy who is more interested in seeing his name in the headlines than he is in any kind of accomplishment for the president.”
Yes, I’ll Have The ‘Taper’ But Is It Possible To Ask The Chef To Leave Off The ‘Tantrum’?
“It looks like the ECB is managing a taper without a tantrum. For the first time in many meetings we got a truly different policy statement and one that seems to strike a pretty good balance between the hawks and the doves.”
Yellen, Warsh Out Of The Running For Fed: Politico
“President Trump changes his opinion on the issue every day, so it can’t be assumed Powell and Taylor are the only possible choices.”
ECB Announces Dovish Taper, Euro Slides
“From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.”
Spanish Stocks Soar On ‘Good’ Catalonia News
“They’re caught in a mousetrap. It seems their own decisions are producing vertigo.”
The Key Risk From Draghi Isn’t A Taper Tantrum, It’s This…
“Against this benign environment, the key risk isn’t that the ECB is going to set off a sustained bond bear market.”
Key Calls (Thursday): Upgrades, Downgrades & Initiations
You need an upgrade.
Bush Counterterrorism Prosecutor: ‘I Prosecuted Terrorists And Now My Family Can’t Come To America’
“In many ways, my family was the picture of assimilation.”
Trump To Dobbs: ‘When I Say Maybe, I Think I Know Exactly What I’m Talking About’
Also, ‘Xi is King of China.’
A Dark Side Stab On China’s Minsky Moment
“China is the tail that wags the dog. Full stop. Figure out China, and all the other financial market forecasts become that much easier.”
Fireworks.
“…or what counts as ‘fireworks.'”
Gary Cohn’s Anti-Nazi Leanings Not Welcome At Trump’s Fed, Will Leave White House After Tax Deal: BBG
“I’m sorry Gary, you seem like a good guy and all, but when it comes to dictating monetary policy we’re looking for someone who’s more closely aligned with our feelings on the whole Master Race thing.
Trump: War Widow Is Wrong Because ‘I Have One Of The Great Memories Of All-Time’
That, by extension, means it’s entirely possible that Myeshia Johnson just isn’t remembering her call with the President correctly.Â
Did Fox News Just Officially Rule Out Janet Yellen?
I LIKE’ YELLEN BUT `YOU HAVE TO MAKE’ OWN MARK
Stocks Are ‘Plunging’ – Cue The Peanut Gallery
Now go write your own script.
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