The Cardinal Sin Of International Finance

"...the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive... That’s why the US government protects the petrodollar so zealously. It needs the system to survive..."

Millennials Have Ushered In The 'Baby Bust' Cycle

America is no longer making enough babies to keep pace with deaths... A new report blames the ‘baby bust’ phase on the millennial generation (1980-2000), who are having children at record low rates.

Taxes: Here's What's Going To Stay The Same

"...even though the euphoria and expectations about this new proposal are totally overblown, there are still plenty of gems from the current tax code that aren’t going anywhere."

The Silence Of The Bears

"The silence of the bears is deafening. And who can blame them? The last 2 years have been absolutely brutal for any fans of price discovery, volatility and anything analytical mattering. Nothing matters."

Roy Moore's Communications Director Resigns

Amid an ongoing barrage of sexual assault allegations, Alabama Senate candidate Roy Moore has just confirmed to the Washingtonian that his communications director, John Rogers, has resigned.

Kolanovic Asks "How Close Are We To The Market Top" And Answers

"This is a question asked by many of our clients, especially those wanting to protect strong YTD gains or chase year end performance. In order to assess this question we analyze equity positioning, possible signs of irrational exuberance, and again draw attention to another form of excess which we call ‘quantitative exuberance’."

Gold Jumps, Dollar Dumps After Dovish Fed Minutes

The dollar index had been falling in early trading - extending its freefall from the Nov 1st Fed statement - but legged down on the dovish minutes to the lowest in 5 weeks. Gold is extending its gains, above key technical levels and while the curve is steady, long-end bond yields are sliding modestly.