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"The last time these two prices crossed paths was April 9, 2013 (at around the 1570 mark for both)."

As Powell's press conference began and he promised to "do whatever it can for as long as it takes," stocks and gold took off and dollar dumped...

"I think the hat’s empty. There are no more rabbits in there...”

"Fees in the industry are still twice what they should be..."

"...is a sign the monetary experiment that began in 1971 when we went off the gold standard and went to all fiat currencies everywhere was ending..."

At that point, the takeover of the White House by the radical wing of the party will be complete. It’s already well underway...

Absolute insanity.

"Emergency services in the U.S. state of Arizona are attending the scene of a freight train derailment on a bridge in Tempe." 

Perception that the Fed is out of ammo could cause a reassessment of the Fed "put" and support USD via lower risk assets.

The current environment may be more uncertain and riskier than any we have seen in our lifetimes. Yet, spreads say the future has never been more certain...

One lets you search for other things; most of the others have no content unless the users provide it or produce it (in which case, mostly from abroad again). There is no “means of production” at all in that sense today.

The 737 MAX may still be grounded but Boeing's debt load is certainly taking off.

Worst since the peak of the great financial crisis...

"The resurgence of coronavirus cases starting to get reported across the world is prompting the realisation that hopes of a V-shaped recovery are starting to look like pie in the sky."

It is all about greed and FOMO. Nothing new here, and we already know how it will end. But we must admit that asset markets have turned into the most astounding circus the world has ever seen...

There could be 2.3 million evictions in August.

"...used PPP loan money to buy a Lambo, Setai and Fontainebleau stays and Saks sprees..." 

The usage of the dollar in cross-border trade and services has declined to 56% from 70%, a decline of ~20%.

"People have too much money to play with."

On July 27, fighting broke out between Israeli forces and Hezbollah along the Israeli-Lebanese contact line. This became the heaviest open confrontation between the sides in about a year...