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Spot The Ticking Time-Bomb

Tyler Durden's picture




 

One of these things is not like the other...

While fundamentals long ago lost any validity with regard the nominal level and risk of US equities, a disconnect in global asset-class volatility cannot last long in a globally-interconnected carry-trading world...

 

 

*  *  *

Are FX and rates markets - notably much more professional-based and considerably bigger than the US equity market - starting to price in the turbulence historically associated with the end of Fed QE periods?

 

Chart: Bloomberg

 

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Mon, 09/08/2014 - 21:27 | 5196062 OldPhart
Mon, 09/08/2014 - 21:38 | 5196085 infinity8
infinity8's picture

I like this one, too. I think it was the fine Sir Ebworthen that threw this up awhile back, History Repeating feat: Miss Shirley Bassey: https://www.youtube.com/watch?v=yzLT6_TQmq8

Mon, 09/08/2014 - 23:33 | 5196363 ebworthen
ebworthen's picture

Thanks infinity8, love that one. Shirley Bassey is hot.  History repeating for sure.

Mon, 09/08/2014 - 23:41 | 5196378 infinity8
infinity8's picture

Thank you. That cut is hot, couldn't get it out of my head. That kid was hustlin' the drums and the horns are alright too. And, Shirley,  well. . .

Mon, 09/08/2014 - 22:20 | 5196191 Hobo Sapien
Hobo Sapien's picture

More like this, maybe:

The Invaders - a Quinn Martin Production

https://www.youtube.com/watch?v=uOLGrXOtuwQ

Been rewatching these of late for the first time since I was 8 or 9 yrs old. Odd tales of society being infiltrated by ruthless creatures bent on destruction and enslavement. HA! like that could ever happen, ...oh, wait.

Mon, 09/08/2014 - 21:28 | 5196064 zorba THE GREEK
zorba THE GREEK's picture

I say let the bomb rip and pick up the pieces later

Mon, 09/08/2014 - 21:33 | 5196074 Cognitive Dissonance
Cognitive Dissonance's picture

I have often wondered if FX manipulation was 'exposed' precisely to ensure a scapegoat when the ships of state hit the rocky fiat outcroppings that lay dead ahead.

Mon, 09/08/2014 - 21:58 | 5196128 Groundhog Day
Groundhog Day's picture

Ever since Goldman got out of high frequency trading, my money is on that as the scapegoat

Mon, 09/08/2014 - 21:35 | 5196076 Dr. Engali
Dr. Engali's picture

Meh..... We've reached a permanently high plateau. Speaking of high, time for another shot of Crown.

Mon, 09/08/2014 - 21:36 | 5196084 logicalman
logicalman's picture

Was thinking a bowl and a beer, personally.

 

Mon, 09/08/2014 - 21:40 | 5196087 infinity8
infinity8's picture

Right there with ya, brah.

Mon, 09/08/2014 - 21:51 | 5196107 john39
john39's picture

Everclear.

Mon, 09/08/2014 - 21:46 | 5196096 Dr. Engali
Dr. Engali's picture

I have that up long ago, but I'm with you in spirit.

Mon, 09/08/2014 - 21:49 | 5196099 infinity8
infinity8's picture

Doctor, you should know that the Crown is much more poisonous than the herb. If you have to drop, 4 aspirin, 3 hours before you are 2 pee. Ask a chemist.

 

Mon, 09/08/2014 - 21:57 | 5196125 Dr. Engali
Dr. Engali's picture

It never had anything to do with poison. Married with children my friend, married with children.

Mon, 09/08/2014 - 22:04 | 5196143 infinity8
infinity8's picture

Sorry, er. . . congrats? Enjoy and, try not to hurt yourself too badly. Or, move your practice to one of a small, but growing, number of states maybe.

Mon, 09/08/2014 - 22:06 | 5196144 TVP
TVP's picture

.

Mon, 09/08/2014 - 22:07 | 5196160 infinity8
infinity8's picture

Yeah, but do you drink?

Oops! Your comment disappeared.

Mon, 09/08/2014 - 22:13 | 5196174 Dr. Engali
Dr. Engali's picture

What comment? He never had a comment. I think you're high.

Mon, 09/08/2014 - 22:17 | 5196188 infinity8
infinity8's picture

You're right. But I'm pretty sure your comment would still be funny even if I wasn't! So There!

Mon, 09/08/2014 - 21:38 | 5196086 ebworthen
ebworthen's picture

Time for some October stock volatility looks like.

Mon, 09/08/2014 - 21:42 | 5196091 pachanguero
pachanguero's picture

glad I live in Thailand and I am well stocked.....

Mon, 09/08/2014 - 21:53 | 5196117 db51
db51's picture

Is there something wrong with that chart?  Everything looks normal to me.

Mon, 09/08/2014 - 22:07 | 5196158 q99x2
q99x2's picture

Don't think drink.

Mon, 09/08/2014 - 22:24 | 5196204 Soul Glow
Soul Glow's picture

FX is getting beat over the head with the ugly stick.

Tue, 09/09/2014 - 06:17 | 5196742 AdvancingTime
AdvancingTime's picture

The games central bankers are playing in supporting their and other currencies has reached a dangerous level, we may be in the "red zone". Currencies are important chips in the commerce of government and the business of running a country.

History has shown that in the past both leaders and governments have fallen with the demise of their coin. If people lose faith in the system it could just come crashing down around our ears. At a time when billions of dollars can be traded in just the blink of an eye imagine how fast things could go to hell. More on this subject in the article below.

http://brucewilds.blogspot.com/2013/01/currencies-games-in-danger-zone.h...

Tue, 09/09/2014 - 07:09 | 5196798 esum
esum's picture

interest rates up...... stock market down..... 

Tue, 09/09/2014 - 09:39 | 5197152 madcows
madcows's picture

There's historical turbulence associated with ending QE?

Huh?  I thought QE was unprecidented?  Since when is there a history with this kind of crap?

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