"... just because Iran and the United States have so far avoided a full-scale war does not mean that markets are out of the woods... the market’s current complacency will look not just naive, but utterly delusional..."
Starting February, the term repo, which had been kept constant at a level of $35 billion since mid-December, would be reduced by $5 billion to $30 billion for every new term repo.
"... Trump roamed the halls of Mar-a-Lago, his private resort in Florida, and started dropping hints to close associates and club-goers that something huge was coming."
Aramco has exercised the greenshoe option attached to its initial public offering, issuing another 450 million shares to raise an additional $3.8 billion...
"When we talk about company culture in the context of financial services, the first thing that comes to mind is the risky, unethical, and sometimes criminal behavior in the banking industry."
"For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin - thus, we believe Bitcoin and crypto total return should exceed that of 2019,"
It was supposed to be a one-time, year-end "liquidity event." Instead, it has transformed into the latest liquidity addiction within the financial community.
