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The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed...

Fundamentals really don’t matter much in this environment and as result, stock prices have little information content...

There's just one thing, while homebuilders are almost at euphoric levels, homebuyers aren't so convinced...

"Goldman's earnings this quarter were too good..." 

The Chinese data remind me of the inverse of an old joke about the Soviet economy, which could never keep supply matching consumer demand.

They're selling stocks and moving money into "illiquid and private assets." 

... reassuring the market that despite its "wait and see" approach, The ECB "has your back."

...it's hard not to feel that we were reacting to the price action and not the other way around.

The only question everyone is asking: is this as ugly as it will get, or is there more pain coming.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions...

"It is hard to see how China can remain on a firm footing at a time when the rest of the world is still coping with a very deep recession."

Instead of fighting terrorists, Ankara seems to be planning to create more fortifications to protect them from a possible offensive by the Syrian Army or its allies...

Once people are done asking how this unprecedented hack could have happened in the first place, we wouldn't be surprised if attention turns to how these moderation tools, if they truly exist, are being implemented.

"You send 0.1 BTC, I send 0.2 BTC back!"

The ECB is likely to remain on alert as the second economic wave of the COVID-19, characterized by business restructuring and permanent closures, is about to hit the Eurozone and fragilize the banking sector.

At the moment there is this sharp contrast between the economic data and stock price levels on the Bloomberg screens and the images and discussions on TV

"The perception Chinese savers had of banks being risk free is changing even though in nearly all recent cases their deposits have been protected"

“One of the key bubbles is fiat currency, and one clear anti-bubble in this system is gold. It’s a case of when, not if, they will reprice significantly higher."

Certain parts of the city fared better than others.

"Companies are doing the opposite of what they should be doing, which is to de-leverage..."