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What’s the perfect visual metaphor I claimed to have for all of this: In Turkey, a large bear with a cardboard box stuck on its head managed to enter into a military base, and then to climb up to the top of a tall communications tower.

"As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support..."

"This is an encouraging trend..." 

 

Here comes the dip buying, but for how long?

...because The ECB has been so 'accurate' in its forecasts historically?

Did you know today is World Electric Vehicle Day? Nope? Me neither. But its very apt...

"A setback like that seen in Nasdaq stocks over the past days has been overdue."

"I wonder if this is move is a definitive decision or only a prelude to a renegotiation of some sort..."

A critical review of the pros and cons inflation targeting will have to wait for the next crisis. It usually takes three crises before policymakers realize something is fundamentally wrong with their framework. 

Iran has identified the perpetrators of an act of sabotage at Natanz nuclear facility in the central part of the country in July, according to a spokesperson for the Atomic Energy Organization of Iran...

Maezawa made his money like any poor capital allocator does; by finding a worse capital allocator. He sold his company Zozo Inc. to Yahoo Japan, a subsidiary of Softbank, last year. 
 

Like they say: "The only reason to use an LRB to build a prison is to bypass the will of the voters".

"I am nervous about Submariners and Daytonas." 

 

 

 

Real Vision senior editor Ash Bennington is joined by Jared Dillian, editor of The Daily Dirtnap, to discuss the dramatic turmoil playing out in equity markets…

"Coronavirus is going to be a large determinant of whether Trump will be re-elected or not."

"It's ugly out there..." 

"I was scrolling TikTok and suddenly there’s a video of a guy that killed themselves with a shotgun and I am seriously warning you DO NOT watch it DO NOT SEARCH FOR IT because it’s very terrifying and gory."

“The Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.”

The 10Y sold of modestly on the results although in light of today's equity carnage, we doubt any selling pressure in rates will persist into the close.