Two coupon auctions today, both of which priced weaker than expected as buyers were clearly looking for concessions to take down record amounts of paper.
"Suppose you go into the e-mini market and start spoofing with some futures to see if you can get the cash market to go. Regulators don't have a tool to see that."
The compromised data includes everything from usernames and passwords, but more importantly, SQL files that include live client data, with data on positions, trades, and P&L.
"Strong gains are inevitable as we enter a period much like the post-GFC environment, where gold prices soared to record levels as a result of copious amounts of Fed money being pumped into the financial system."
"Property has hijacked China’s economy, so the government wouldn’t dare to push for a plunge in housing prices, even if that’s the most effective way to deflate the bubble."
"The Wells Notices relate to the Company's disclosures covering the third quarter of 2015 through the period ending December 31, 2016, regarding the use of "pull forward" sales..."
"I think what we have is a monetary moment that is unprecedented and therefore calls for extreme caution and great humility on the parts of all of us.”
