"Earnings forecasts can often put a company in a position where management, from the CEO down, feels obligated to deliver earnings and therefore may do things that they wouldn’t otherwise have done."
European stocks and U.S. futures blasted off higher early in the session following yesterday's euphoric, meltup close to US trading, but have since pared their gains as dark clouds gather over the G-7 meeting in Toronto and a growing number of emerging markets.
"Yet in some sort of bizarre financial Stockholm Syndrome, most people still keep the vast majority of their savings in the very same banks who have a history of defrauding them."
"What the ECB is trying to say is hey, "this is our party, and you're welcome to it, but if you're going to leave it's not going to be easy for you." The ECB is trying to show Italy a future without the ECB as backstop."
“To say we were striving for a one-world government is exaggerated, but not wholly unfair...we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing."
After a tenure of some 18 years, Ted Burdick, one of the most recognizable Soros lieutenants, has decided to call it a day and quit Soros Fund Management last week.
The turmoil that has moved from one emerging-market currency to another this year (Argentina, Turkey, Indonesia and now Brazil) is threatening to claim India as the next victim.
With European stocks tumbling (again), Italian bond yields spiking (again), and redenomination risks surging (again), US investors have decided now is the time to dump protection to its lowest level since January...
Global stocks, US equity futures and Treasury yields extended gains while the dollar slumped as "risk-on" sentiment returned after the U.S. and China exchanged trade proposals meant to avoid an escalation of economic tensions.
Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.
If in 2017 the ratio was almost an all time low, 2018's average down/up return ratio is one of the highest on record, and the largest we've seen since 2008.
