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"Gold hedges our clients against two scenarios: a weaker US dollar and the debasement of all currencies (the dollar declines and so do other currencies)..."

"This year’s increase means banks’ Level 3 assets are almost the same size as the gross domestic product of Finland..."

"...the only thing they can stimulate is the stock market. That’s why the stimulus comes into action when the stock market is going down..."

What could go wrong?

“But with the Executive Order threatening to bring a ban on our U.S. operations ... we simply have no choice.”

"We expect a growth scare to be followed by a rate scare over the next several weeks/months that could finally give us that first tradable correction in the major US equity indices."

Well that escalated quickly...

... and no full stops.

"...while in the U.S. we've had double-digit unemployment rate and actually even worse, considering underemployment and so on."

Blackstone is shelling out $4.5 billion for a majority stake in Ancestry.com...

This follows some malarkey in VIX this morning that saw a mini-flash-crash around 0800ET...

The highlight this week will be the virtual "Jackson Hole" gathering on Thursday and Friday, where this theme this year is “Navigating the Decade Ahead: Implications for Monetary Policy”,

"In modern meteorological history ... there's never been anything like this before..." 

With today's gain, AAPL has added a quarter trillion dollar to its market cap in just the past week.

Doesn’t “V” seem like a happy memory?

Another day, another all time high.

"...with COVID and social distancing and contactless, definitely, we have an appeal there..." 

"It pains me to say this, but bankruptcy is a growth industry in America"

"When we look back at 2020, it may well be that the most important structural change that COVID-19 gave rise to from a macro perspective will be this structural shift towards higher inflation."