Swiss National Bank

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."

The Savings Rate Conundrum

"With the average American still living well beyond their means, the reality is that economic growth will remain mired at lower levels as savings continue to be diverted from productive investment into debt service."

Three Straight Weeks Of This Can't Be Ignored

"...potentially as an escalating warning about systemic liquidity, collateral and otherwise...After all, if something unknown is clogging, removing, or just plain disrupting collateral flow it’s not likely to be an isolated case; and certainly not for three weeks running..."

One Trader Warns Of "The True Danger Ahead"

"The biggest risk out there is not credit. It is not the monster short VIX speculative position. It is not CDX leverage... The true danger ahead lies in the universal belief that treasuries (and other sovereign fixed income) offer a perfect hedge versus risk assets..."