"Make no mistake, what we are witnessing is 4th generation warfare on the public - All other wars including the trade war are kabuki theater designed to distract from this reality. "
Oil could be back to US$45 a barrel within 12 months, Citigroup’s commodities chief Ed Morse said in an interview with the Financial Post, noting that the bullish case for crude is based on a faulty analysis.
German Bund yields are drifting higher as Draghi presents a generally upbeat outlook on the economy, with the EUR initially rising but then fading as Draghi refuses to comment on FX policy.
After another ECB statement that offered no surprises, we suspect Mario Draghi will be trying his best to reassure the world (especially European corporate bondholders) that everything is still awesome despite the fact that the market's bidder-of-first-and-last-resort is stepping away...
Unanimous expectations look for the ECB to leave its three key rates unchanged, with little in the way of fireworks expected given last month’s policy adjustments.
"Trade tensions have depressed global growth proxies, such as Emerging Markets. Yet, the US economy continues to be buoyed by Trump’s significant fiscal stimulus"
A 3-day global stock rally stalled on Wednesday, with Asia and Europe mixed, as investors digested the latest set of earning while waiting for the outcome of a meeting between President Donald Trump and the EU Jean-Claude Juncker
“The futuristic cartridges - featuring a plastic case rather than a brass one to hold the propellant and the projectile, like a conventional shotgun shell - offer significant weight reductions compared to conventional ammo,”
"[the decision to dump treasuries and buy gold] was the result of the systematic assessment of all kinds of risks, including financial, economic and geopolitical."
"I worship not at the altar of price momentum but rather at the altar of security analysis and margin of safety. This analysis suggests that the downside risks dwarf upside rewards. After much thought I have liquidated all of my long positions and I have a large net short exposure now."
