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"Low interest rates saved the banks... But, you can’t have it both ways. It can’t be low interest rates helped the banks, and high interest rates will help the banks. It’s one or the other...[higher rates] are going to destroy the value of their loans and their collateral. It’s going to lead to defaults... "

"There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. "

The market continues to tread water currently. The current question is whether it can keep its head above water until it is rescued, or will fatigue finally drag it under...

Notch one more victory for Europe's anti-immigrant wave as Slovenia's populist SDS has won Sunday's national election with roughly 28% of the vote.

“They’re looking for affordability and not finding it in Santa Clara County...”

“Whenever we needed a man, we thumbed through the roll of the Council members and put through a call to New York.”

"A brief downturn is possible, but peak signals have been followed by sustained downturns more often than not."

"The main culprits responsible for these destabilizing and disruptive episodes have been governments and their central banks. They have monopolized the control of their respective nation’s monetary and banking systems, and mismanaged them. There is really nowhere else to point other than in their direction."

"Where the optimism come from, I can’t fathom... Risk is ballooning..."

"When the cycle turns it will be faster and larger than ever as "fallen angels" proliferate. There will be a spark that lights that fire."

JP Morgan CEO, billionaire Jamie Dimon, topped the list at $28.3 million earned in 2017, a 4% rise from the year prior.

“Government is one of the five evils – along with fire, floods, thieves and enemies.”

“It solves a big problem when clients call up really worried,”

Things in Brazil are rapidly going from bad to worse.

New Italian government? Check. New Spanish government? Check. Trade war between the US and Europe, Mexico and Canada? Check. Deutsche Bank downgraded to a B-handle? Check.

Mariano Rajoy's six year reign as Spain's prime minister, ended when he become the first prime minister in Spain’s democratic history to be ousted by parliament after losing a vote of no-confidence amid

Adding insult to injury, one day after its stock hit an all time low, S&P downgraded Deutsche Bank to 3 notches above jun, citing "significant execution risks in the delivery of the updated strategy amid a continued unhelpful market backdrop."

"The risks in Europe are being underestimated, and the only thing I hear all the time as a bullish argument is 'the ECB will monetize it'. Careful what you wish for. The best outcome is a Japan-style stagnation. The worst, back to 2011."