"...it will be just a matter of time before another flight crew is overwhelmed by a design flaw known to Boeing and further lives are senselessly lost."
“Some people say: ‘Domestic debt is not debt, but external debt is debt. For the United States, even external debt is not debt. This seems to have been the case for quite some time in the past, but can it really last for a long time in the future?”
"An escalation risks disruption for firms from Alibaba Group Holding Ltd. and Xiaomi Corp. to Tata Motors Ltd. that have customers — and investors — in two of the world’s biggest economies.”
Total social financing could increase by more than 30 trillion yuan ($4.2 trillion), or about 30% of GDP. A similar number for the US would be about $7 trillion which is more or less what the US deficit will be over the next 12 months.
Managing editor Ed Harrison joins Peter Boockvar, CIO of Bleakley Advisor Group, to discuss the latest developments in markets, macro, and coronavirus…
There is a one-in-three chance that at least one of four major tail risks will occur within the next decade: a major influenza pandemic killing more than 2 million people; a globally catastrophic volcanic eruption; a major solar flare; or a global war.
"The short-term setup for an SPX pullback coming out of tomorrow’s Op-Ex is there, particularly as we see a "clustering" of the CTA deleveraging- and Dealer Gamma- levels not far below market."
"...we can live in an economy based on consumption and debt without having to save or produce. The world has done that for us. And I think this is what’s going to come to an end."
Is this divergence sustainable or are U.S. stocks due to give back a good deal of their significant outperformance now that U.S. assets are no longer a relative bargain?
