Merrill

Merrill

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

Bill Blain: "This Is What Terrifies Draghi And Other Central Bankers"

"In short… it looks like full employment, rising inflation and signs of growth are going to force normalization, at which point the bond music stops and we all realise financial assets have been dancing naked in the Emperor’s New Clothes lap-dancing bar as the proverbial tide goes out! That’s a prospect that must terrify Draghi and other central bankers."

The Fate Of Saudi's Vision 2030 Rests On Aramco IPO

The IPO, the largest of its kind in financial history, would make just a five percent portion of the oil giant accessible to private investors. Still, the volume of the company’s assets guarantee MBS the capital he needs to retrain the Saudi work force, develop a services sector and tone down the influence of the fossil fuel interests.

Stocks Rebound As Europe Ends 3-Day Losing Streak; VIX, Gold, Bonds Slide

S&P futures are modestly in the green, following gains in European and Asian shares, after the cash index climbed on Monday for the first time in three days as volatility tumbled amid abysmal trading volumes. European stocks joined an Asian stock rally following three days of losses. Bonds, gold, VIX and the yen declined despite another warning from Ray Dalio who said he was "reducing risk."

European Junk: "The Good-Looking Ones Are Always Bad News"

"I understand the attraction to shorting European junk. It’s easy to look dreamily at this chart and imagine spreads doubling to 5% without batting an eye... But there are a couple of problems with this trade..."