Don’t kid yourself. It doesn’t matter who you are or what you’re trading, it’s all about oil these days. If you don’t buy that, then have a look at the carnage that unfolded in January. Sure, some of it was attributable to the hangover from the first Fed hike in nearly a decade and the
“I suppose I need someone to define hard landing for me.” That’s from Kyle Bass who has taken it upon himself to go to war with China’s central bank. Back in January, Bass began to lay out his thesis in earnest. “China is going to have to dramatically devalue its currency,” he said. Of course
Trading A Presidential Impeachment: Brazil Edition Well it finally happened. Brazil impeached President Dilma Rousseff. Sort of. Technically, the Senate voted to move forward with the impeachment process, which means Rousseff will stand trial on charges she conspired to cook the fiscal books in 2014
Einsteinian Insanity: Media, “Experts” Say Central Banks Should Buy (More) Stocks Earlier today, I touched on the fact that the BoJ and the ECB have largely failed to rekindle the inflationary impulse in their respective economies. And it’s not for lack of trying. Haruhiko Kuroda is monetizing the e
It’s Good To Be King (Dollar) - Or Is It? Heavy is the head that wears the crown. It’s good to be king. Asked to choose which of those old adages best describes how it feels to control the fate of the world’s reserve currency (“king dollar”) in a time of intractable currency wars and
Here Come The Big Boys: Wells Fargo Kicks P2P Lenders While They’re Down Earlier today, we said the following about marketplace lenders (the politically correct name for P2P, or online lending): “Coming full circle, it’s worth noting that even from the start this business was a risky proposition. Th
Does The Disaster At LendingClub Foretell The Demise Of Marketplace Lending? Monday was one horrendous session for P2P powerhouse LendingClub. Shares fell by more than a third to close at just $4.62 following revelations that CEO Renaud Laplanche - who WSJ reminds us is the “telegenic French entrepr
Are We About To Witness A Reinvigorated Hunt For Yield? One Bank Says Yes Last summer, Carl Icahn had a bit of “good natured” fun at Larry Fink’s expense at CNBC’s Delivering Alpha conference. BlackRock, Icahn told Fink, is a “dangerous company.” The billionaire’s contention, in a nutshell, is that
Taking Stock Of Oil As Saudi Arabia Ushers In A New Era As anyone who follows markets is well aware, oil prices have been a key determinant of broad market sentiment since late 2014 when the Saudis moved to drive the US shale complex out of business and secure geopolitical leverage by dealing a deat
