Inequality Is "Natural" - Get Over It

"...we are likely living in the greatest age of 'societal upscaling' the world has ever known, so it is no surprise that inequality is a major topic of interest... It may be small comfort that all this is 'natural'... But it is important to remember that it is."

  • Feb 23, 2018 11:28 AM
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Fed Chair Powell "Doesn't Stand A Chance"

"Without question, Powell will find the break point. Moreover, when the next great liquidity crisis hits it won’t be a failing of free market capitalism. It’ll be the failing of the central planners and the system they wrought."

  • Feb 23, 2018 10:15 AM
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Bank Of America: "Here Comes Volatility"

"The recent decoupling has coincided with bouts of inflation and/or market volatility: on average inflation rose 2ppt, equities fell 9% and volatility rose 22ppt."

  • Feb 23, 2018 9:22 AM
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Frontrunning: February 23

  • China seizes control of Anbang Insurance as chairman prosecuted (Reuters)
  • How Deal-Hungry Anbang Went From Waldorf to Woe (BBG)
  • Anbang and the Financialization of China’s Economy (WSJ)
  • Trump’s Stance on Gun Laws Raises Pressure on Congress (WSJ)
  • Chance of halting Brexit now close to 50:50, says leading campaigner (Reuters)
  • Feb 23, 2018 8:34 AM
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Traders Puzzled By Pound Flash Crash

Traders are scratching their heads over the latest flash crash in the pound, a currency which over the past 2 years has had more than its share of bizarre, sharp moves lower, when just as 6am ET, GBPUSD plunged 64 pips in seconds on no news.

  • Feb 23, 2018 7:16 AM
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