Daily financial and political snark
Joie de vivre.
The Fed is notoriously bad at spotting bubbles. They’re also notoriously good at inflating them. Here is perhaps the quintessentialContinue Reading
One theme I’ve been keen on highlighting this year is the growing divide between HY assets held in funds andContinue Reading
“She’ll do”. Or maybe “good enough” is the better description. The US economy added 161K jobs in October, missing consensusContinue Reading
We’ve talked quite a bit about the prospects for global growth and trade over the past two weeks. Just yesterdayContinue Reading
You can engineer EPS beats (think buybacks) but you can’t engineer top-line growth… (Chart: Goldman)
Are you looking for a play on stable markets with few disruptors and resilient growth? Well then beer and cigarettesContinue Reading
Have you ever wondered what the path to the White House looks like when represented with spaghetti noodles? No? MeContinue Reading
We’re coming into the election home stretch and the market has clearly shown its hand. A Trump victory portends moreContinue Reading
As expected, the Fed announcement came and went without incident although there were two dissents (apparently Esther George and Loretta MesterContinue Reading
“Deleveraging”… (Chart: SocGen)
Way back in February, then-CEO of Maersk Group Nils Andersen described business conditions as “worse than 2008.” Maersk Line – theContinue Reading
Presented with no comment. (Rolling Stone)
Well it was a sea of red overnight in Asia as traders ponder a world under the (smallish) thumb ofContinue Reading
Tell me again who’s going to inventory all these bonds in a pinch… (Chart: Deutsche Bank)
About a week ago, President Obama showed up on Jimmy Kimmel Live and delivered the second installment of presidential meanContinue Reading
“I think that at some point that’s going to sort of just disappear, I hope”.
I suppose the question now is whether this trend will continue unabated.
“Risks the US refuses to accept”…