Fail

The Illusion Of Declining Debt To Income Ratios

Despite the mainstream media’s belief that surging asset prices, driven by the Federal Reserve’s monetary interventions, has provided a boost to the overall economy, it has really been anything but.. the story remains the same – “if you are wealthy – life is good.”

"Clear As Mud" Brexit Negotiations Officially Begin: Here's What To Expect

Today Britain and the EU officially begin the first day of formal Brexit negotiations, "aiming for a constructive, orderly launch that avoids a noisy clash on the big policy differences over Britain’s exit", according to the FT although the sellside reaction was decidedly less optimistic, as summarized by SocGen's Kit Juckes who in previewing today's events said that he expects "nothing because the UK position is as clear as mud.'

Eric Peters: "Last Week Saw The End Of The QE Era"

"Last week was the end of the QE era. Central banks will turn into net sellers of assets in the coming 2-3 years. Before yesterday’s Fed meeting, everyone assumed that the moment the VIX hits 20, they’ll come to the rescue. And now, no one can be sure."

Hedge Fund CIO: "Why The Hell Did The Fed Hike This Week?"

"It’s all about the green,” he said, pulling out a knot, throwing it in the air, crisp Benjamins raining down. There’s no red on the screens anywhere. All they ever see is green. Day after day. It’s time to subdue Wall Street."

Trader: "The Downside Doesn't Get Interesting Until S&P Hits 2,400..."

"...two people said to me this morning that equities are getting killed. They’re down. That’s about all that can be said at this point. We saw these prices at the end of last week. The downside doesn’t get even remotely interesting until we break below 2400 in the SPX. Who knows, the day is young..."

Peak Economic Delusion Signals Coming Crisis

"The question is not “when” we will enter collapse; we are already in the midst of an economic collapse. The real question is, when will the uneducated and the biased finally notice? I suspect the only thing that will shock them out of their stupor will be a swift stock market drop, since this is the only factor they seem to pay attention to. This will happen soon enough."