Why do we even bother sharing the Fed meeting minutes? Do you ever wonder that? They didn’t hike rates. That’s it. Now you’re going to scour the tea leaves (the ones they report) for clues about November and December? Give us a break. They aren’t going to hike in November around an election. That wo
So Wednesday is interesting thus far. There’s trouble in Thailand where the aging king combined with generalized angst about the prospects for another taper tantrum have thrown the baht for a decisive loop: Meanwhile, Thai stocks fell as much as 6% and are down more than 7% since last week. “The onl
The title is from SocGen’s incorrigible “permabear” Albert Edwards who is out with an interesting note on the current state of corporate balance sheets (among other things). Here’s one chart that stuck out to us: (Chart: SocGen) What that shows is that the despite the hunt for yield that’s driven in
Easy come, easy go when it comes to this week’s gains in stocks and oil. Chicago Fed President Charles Evans may have ruined it for everyone in Sydney overnight where he made the following comments in a speech: “A December move could be fine -- it depends on the ultimate strategy of whether or not
Leave it to Goldman to come out cautious on equities and overweight cash on a day when stocks rally and turn positive for the month and the Nasdaq 100 hits an all-time record high. Here’s what the bank had to say on Friday: “We stay defensive in our asset allocation and keep our Overweight in
Despite Donald Trump’s supposedly “better” (and that’s a relative term) performance in last night’s debate, the market is pretty clearly confident that the leaked tape of the billionaire’s “locker room talk” was the death knell for his campaign as stocks rallied in Europe and jumped triple digits ou
OK, so we’ll admit it. Despite what we said earlier, there were a few things going on today besides Deutsche Bank. For one thing, two people posing as police officers (ever seen The Town?) apparently robbed Kim Kardashian of $8 million in a hotel room in France. Now we don’t know where they think th
To quote Bill Murray from Groundhog Day, “well it’s Monday…. Again.” And to paraphrase the same dialogue “....and that must mean we’re talking about Deutsche Bank and OPEC. You want a winter prediction? I'll give you a winter prediction. It's gonna be cold. It's gonna be gray. And it's gonna last yo
Ok, so Deutsche Bank is all you need to know about today. We know we wrote about it earlier, but this is a major, major concern. Consider this from ABC News (and we don’t quote them as some kind of financial authority, but rather to emphasize the magnitude of the problem): “Germany's biggest bank is
