"The sharp divergence between credit and activity observed in the US, the eurozone and China is particularly unusual and highlights how different this crisis is relative to the GFC."
The average hedge fund gross book rose another +4.4% to 246.6% (93rd percentile one-year) while Net leverage rose further +1.6 pts to 75.1%, putting it in the 99th percentile.
"...you'll wake up inside your Mercedes in a god-forsaken patch of urban wreckage, all the doors will be locked and you won't remember even leaving the party, much less how you got here."
$10.4 trillion in fiscal stimulus and $7.9tn in monetary stimulus - for a grand total of 20.8% of global GDP, injected mostly in just the past 3 months!
"I’m sharing this trade ... so you can hail me as the obliterating moron that infamously shorted the greatest rally floating weightlessly ever higher above the worst economic and corporate crisis imaginable..."
Largest liquidity driven bear market rally since 1929, creating the largest asset bubble inside of the worst global recession in decades... this won't end well.
The weapons are our phones and tablets, and the bullets are social media firms headed by sociopathic oligarchs. And now, we may have a new menace preying on young men: online trading platforms...
The company names, addresses, demographic data and other information will be disclosed in five ranges starting with $150,000 to $350,000 and going up to between $5 million and $10 million.
