Bond

Mauldin: It's A Bonfire Of The Absurdities

"...there is a growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines... I have gone from the occasional smile to scratching my head now and then to 'WTF' moments several times a week."

Key Events In The Coming Holiday-Shortened Week

It's a relatively quiet, holiday-shortened week, with volumes expected to grind lower as we head into the Thanksgiving holiday. Key economic releases are the FOMC minutes and the durable goods orders report, both on Wednesday. There is one speaking engagement with Chair Yellen this week.

Is Financial Argmageddon Bullish For Stocks? One Bank's Surprising Answer

""We remain constructive on financial assets not because we believe in a sustainable recovery but rather because we do not believe in one, and thus we do not see any viable alternatives to an ongoing financialization, which needs to be facilitated through excess liquidity, avoiding proper price and risk discovery, and thus avoiding asset price volatilities.

Gresham's Law

... the marginal price setter is “irrationally exuberant”, or dare we say it out loud? “Greedy.”