Bond

Buchanan: "Why Trump Dumped The Do-Nothing Congress"

"If democracy, as Freedom House contends, is in global retreat, one reason may be that, in our new age, legislatures, split into hostile blocs checkmating one another, cannot act with the dispatch impatient peoples now demand of their rulers."

How Hedge Funds Are Preparing For This Weekend's "Catastrophe"

"If people just watched the Weather Channel, they’d sell everything. The round-the-clock coverage is looking for ways to sound as sensational as possible. We’re trying to look at it from a more cold, detached, calculative perspective.”

Draghi's 4 QE Scenarios Unveiled As ECB's Reuters "Trial Balloon" Strikes Again

In our concluding comments on the ECB's disjointed message yesterday, in which Draghi feebly tried to talk down the EUR, we said "And now that the market is supremely confused, we expect the ECB to lob the next Reuters trial balloon any moment to punish all those who keep buying the EUR." Less than one day later, this is precisely what happened.