Deutsche Bank

Kolanovic: "This Is What The Next Crisis Will Look Like"

"... a tail risk could be a backlash against central banks that prompts significant changes in the monetary system. The next crisis is also likely to result in social tensions similar to those witnessed 50 years ago in 1968."

Frontrunning: October 3

  • Gunman had ‘bump-stock’ device that could speed fire (AP)
  • Supreme Court Takes On Partisan Gerrymandering (WSJ)
  • Tom Petty, 'distinctively American' rocker, dies aged 66 (Reuters)
  • White House: Now Isn’t the Time to Talk With North Korea (WSJ)
  • Dems plan to make gun control an issue in Nevada (The Hill)

China Announces RRR Cut Of At Least 50 bps; First Since February 2016

In a sign that China's ongoing attempts to delever the economy may have gone a bit too far, on Saturday morning China’s central bank announced a targeted reserve requirement ratio (RRR) cut, its first since February 2016 and which will go into effect in 2018, in an attempt to boost lending to struggling smaller firms and energize China's lacklustre private sector.

What Wall Street Thinks Of Trump's Tax Plan

The rollout of Trump's tax reforms may be designed to show Trump and Congress are unified and committed to aggressive tax reform, Evercore ISI says, while "distractions" (including NFL protests and healthcare repeal) may be helping, as the "Big Six" negotiators stay out of the spotlight