"It’s obvious to everyone who did it," the Russian leader said.
“There’s a lot of pain out there, a lot of forced selling...”
Destruction isn’t progress. This is just silly, Keynesian claptrap... Never forget the unseen...
"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions"
Americans can't even afford to rent stuff any more, let alone buy.
We expect global policymakers will eventually be forced to coordinate their actions...
"We are taking our decisive step by signing Ukraine's application for accelerated accession to NATO."
It is "likely" that the group will agree on a cut...
...Hindenburg's own team set up an elaborate sting operation, complete with hidden cameras, white hat hackers, pseudonyms and surveillance, to lift the cloak on those who were targeting them...
The price of deeper out-of-the-money insurance in equities is falling, implying lower demand for crash insurance. This suggests the market believes the Fed put is getting closer.
...but uncertainty remains extremely high (and inflation expectations rose intra-month)...
...another recession red flag...
"Hurricane-force winds are expected across the coasts of South Carolina and southeastern North Carolina beginning early Friday..."
"The Market For Initial Public Offerings Has Frozen"- IPOs Vanish As Market Mayhem Saps Deal Appetite
"The funding void created by this year’s stalled market for initial public offerings is getting deeper, leaving cash-hungry startups scrambling for backup plans."
The smartest people in the room are once again the dumbest ones.
This is not what the Fed wanted to see.
Ports and airports remain closed in the wake of the hurricane.
The UK Treasury hasn’t asked its fiscal watchdog to accelerate its economic forecast, confirming that the government has no plans to backtrack on the economic strategy roiling markets.
“Today, everything is just oversold so you are seeing a rebound. We are closer to bottoms and sentiment is so negative the downside is becoming more limited.”
“The next step still has to be big because we are still far away from rates that are consistent with 2% inflation. I would side with 75 basis points.”