There is plenty of volatility to manage this week, and as well as a heavy schedule of data coming out of the US, we also have the German coalition vote within the Social Democratic party to look to, along with Italian election fever setting off the pollsters into a frenzy once again.
If the recent uptick marks the typical mid-to late-cycle inflection up in inflation, how long after did the next recession typically occur? On average 3 years, which would put it in late 2020...
The Italian government massively stepped up security across the country in anticipation of demonstrations by anti-fascist and far-right groups, ahead of the general election next weekend...
"The format of that opening paragraph has been standard for 30 years. But 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire... we liked loads of Treasury Bills... to comfortably withstand economic discontinuities, including such extremes as extended market closures."
"There’s no way I can come back here three years from now and tell you that we hold $150 billion or so in cash or more, and we think we’re doing something brilliant by doing it..."
"If you have 5% for nominal GDP in the U.S., and you have 70 basis points on Germany, add those together, you get 5.7. You divide by two, and lo and behold, you get 2.85%, which is within two basis points of where you are today."
As the Libor-OIS spread continues to push wider with every passing day, it has started to infect other markets, in what appears to be the first instance of trans-atlantic contagion.
An associate of Sen. John McCain (R-AZ), David J. Kramer, has invoked his Fifth Amendment right not to testify over a November 2016 trip to London to retrieve a copy of the controversial Trump-Russia dossier and deliver it to the Arizona Senator.
Two people have been shot dead outside a branch of the UBS bank in the otherwise boring and extremely quiet Swiss financial capital of Zurich, the local police said according to BBC.
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.
US equity futures seemed to forget Thursday's pitiful close and spiked ahead of the European open, only to fade most of the gains: the E-mini was up +7 at last check, but back to bottom of overnight range, as European equity markets led lower.
"What Sorkin is suggesting is more of the same, although perhaps with worse consequences. If banks take action where policymakers do not or cannot, they are essentially putting themselves above the law. And if banks start playing that role, where does it end?"
"The former provided false information about Mr. Campbell to the media. The latter provided false information about Mr. Campbell to Senate and House committees."
