Nomination

Of Russia Baiters And Putin Haters

"If America stumbles into a war with Russia that all our Cold War presidents avoided, the Russia baiters and Putin haters will be put in same circle of hell by history as the idiot war hawks of 1914 and the three blind men of Versailles in 1919."

Five Takeaways From Yellen's Hearings On The Hill

Though the hearings lost much of their appeal when Dr. Ron Paul retired from Congress, the House Republicans have maintained a reputation for being far more hostile to the Federal Reserve than their colleagues in the Senatemanaging to generate some worthwhile moments. While little news was made, with Yellen maintaining her support for generally low interest rates, there were some points made this week worth noting.

Albert Edwards: "Something Smells Different This Time"

"Is it conceivable that the Fed is no longer so data dependent and doesn’t care how strong the economy is or whether wage inflation is going to pick up? Many commentators seem to think the Fed will simply back off tightening as soon as the going gets rough – as it has consistently done in the past. But something smells different."

Goldman Sachs On What Happens Next - Recession, War, Or Goldilocks

After several months of low volatility across assets since mid-2016, particularly in equities, markets were more volatile last week owing to fears of central bank tightening. Volatility picked up first in FX and rates, and then spilled over to equities. However, as Goldman notes, this might not be the end of the low vol regime yet.