"A terribly convoluted plan developed along unclear lines carried out across several dimensions including both offshore and onshore money centers where contradictory behavior is often determined by the same thing at the same time and in which the vast majority of conventional commentary is perpetually confused as to what’s taking place, what could go wrong?"
Commerzbank is experimenting with artificial intelligence technology that automatically generates sports reports to see if it can write basic analyst notes, in hopes of eventually replacing human analysts.
It began with the Republican clown car and ended when the biggest clown ran away from the whole DC circus with a herd of his own, taking the Grand Ol’ Party with him.
Relative to consensus we remain bearish on financial assets. We believe peak asset Prices in 2018 are consistent with peak investor Positioning, peak corporate Profit expectations, and peak Policy stimulus
Once again, summer looms with low implied volatility, tight high yield spreads and persistent leadership by US equities and tech. On the surface, it looks a lot like last summer. It’s not.
"Simply put, there is a perfect storm now arising in Europe as the consequences of a number of policies converge into this period of time...It looks like we are entering the end of Merkel-ism in Europe. "
As widely expected, China's central bank announced it would cut the Required Reserve Ratio (RRR) for some banks by 0.5% effectively July 5, just over two months after the PBOC did a similar cut on April 17.
