Trader Outlines ‘The Most Dangerous Setup’
“Rightly or wrongly, Trump has hitched his wagon to the stock market’s fate.”
“Rightly or wrongly, Trump has hitched his wagon to the stock market’s fate.”
It’s that time again.
“There’s no law against that, but I don’t think it’s wise.”
Around the world in 1,300 words.
Phew. Will this be enough to allay fears?
Here comes China.
The policy divergence between the Fed and the PBoC just got wider.Â
“The world is changing. Deficits are the new normal and Italy’s latest salvo is just one of many changes that will happen in the coming months and years.”
The straw that breaks the camel’s back…
“…the question arises whether the rest of the world should diversify away from the risks of the USD and USD-centric finance.”
Unfortunately, Peter Navarro was on national television this morning…
And don’t say Urjit Patel didn’t try to warn you.
This is the dollar’s “key statistical property”.
“The fact of monopoly markups has been obvious to Buffett and the big banks for years. Now the academic evidence seems to be catching up.”
Back to the “melt-up”.
Why would Beijing want to enter into talks with emissaries of a man (Trump) who is openly bragging about his intention to negotiate in bad faith?Â
“The changes, the inflections that are made happen unemotionally and happen with significant leverage behind them.”
“The rise in CFO created a high-quality problem for managements: How should they spend all the cash?”
Somehow, this will resolve itself.
So that’s a rather odd juxtaposition, isn’t it?
“From there, it’s about October’s large Quantitative Tightening impulse”.
Who wants to catch a falling knife?
Around the world in 2,100 words.
For what it’s worth…
And see, that’s where the problem comes in.
There’s some wage inflation.
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