Bond Headlines

  • Bubble Dynamics and Market Crashes

    Authored by James Rickards via The Daily Reckoning, To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.” That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day. Meanwhile, the more patient, prudent investor is stuck on the sidelines - allocated to cash or low-risk investments while...

    @zerohedge
  • Mauldin: It's A Bonfire Of The Absurdities

    Authored by John Mauldin via MauldinEconomics.com, “Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.”– Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age) This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times a week. Wondering if it was...

    @zerohedge
  • BofA's Apocalyptic Forecast: Stocks Flash Crash, Bond Bubble Bursts In H1 2018, War May Follow

    Having predicted back in July that the "most dangerous moment for markets will come in 3 or 4 months", i.e., now, BofA's Michael Hartnett was - in retrospect - wrong (unless of course the S&P plunges in the next few days). However, having stuck to his underlying logic - which was as sound then as it is now - Hartnett has not given up on his "bad cop" forecast (not to be mistaken with the S&P target to be unveiled shortly by BofA's equity team and which will probably be around 2,800), and...

    @zerohedge
  • Hyperinflation in Zimbabwe – It’s back, but maybe not for long

    Submitted by BullionStar.com When a nation adopts a foreign currency it will typically face significant hurdles when it tries to rid itself of that currency, or de-dollarize. But Zimbabwe’s autocratic ruler Robert Mugabe has appeared to have done the impossible. After dollarizing ten years ago, over the course of the last year or two he and his cronies have managed to throw off the U.S. dollar and re-introduce a Zimbabwean replacement. We can see evidence of this new currency in Zimbabwe's stock...

    @zerohedge
  • "None Of The Problems Are Solved" Despite Global 'Plunge Protection' Overnight

    When many American traders went to bed last night, China was tumbling, the euro was in trouble, and US equity futures were notching lower. Then, as former fund manager Richard Breslow scoffs, it appears the world "reconsidered" and everything rallied to erase any sign of discontent or uncertainty by the time everyone woke up... Via Bloomberg, Apparently, the word of the day is “reconsider.” Across a whole host of assets, we got somewhat violent moves early in the 24-hour trading cycle that...

    @zerohedge
  • Key Events In The Coming Holiday-Shortened Week

    It's a relatively quiet, holiday-shortened (in the US) week, in which volumes are expected to grind lower as we head into the Thanksgiving holiday. In the US, existing home sales will be reported on Tues, expected to edge up to 5.4mn saar in Oct from 5.39mn in Sep. One day later, we get the durable goods orders (exp. increase to 0.3% in Oct, slowing from 2.0% in each of the previous two months). Also on Wednesday, the FOMC minutes should reveal a committee that is preparing for another hike...

    @zerohedge
  • Turkish Lira, Bonds Crash As 'Secret Gold Trade' Trial Begins, Implicates Leaders

    For the first time in history, Turkish 10Y bond yields topped 13% this morning and the currency just plunged to a new record low against the dollar as the trial of the gold-trader at the center of the "secret gold trade" with Iran begins today and looks set to implicate Turkish leadership as we warned. For full background on this stunning case, read here. As Bloomberg reports, Turkish Deputy Prime Minister Bekir Bozdag is furious... The U.S. case against Turkish-Iranian gold trader Reza Zarrab...

    @zerohedge
  • A "New Era" In Chinese Regulation Means Turmoil For $15 Trillion In China's "Shadows"

    The post-Party Congress attempts to deleverage and crack down on the worst abuses in China’s horrific credit bubble - especially the country's $15 trillion in wealth-management products - saw China’s authorities turn their sights on shadow banking and wealth management products (WMPs) specifically. On their way out are "guaranteed returns" and “capital pools”, which had turned the wealth management sector into a Ponzi scheme. In a radical and "shocking" departure from the historic norm,...

    @zerohedge
  • What German Political Turmoil? Global Markets BTFD, Don't Look Back

    US index futures are unchanged, having recovered virtually all overnight session losses alongside the EURUSD following Merkel's failure to form a government, while European shares rise despite Angela Merkel's failure to form a new government. In the span of just hours, the goalseeked "hot take" consensus was that Germany’s collapsed coalition talks aren’t expected be a deal breaker for European equities due to the "strength of the German economy." As we pointed out earlier, the euro reversed...

    @zerohedge
  • In Dramatic Rebound, Euro, DAX Recover All Losses; "Is Strong Government Overrated?" SocGen Asks

    Having tumbled 80 pips to a one week low in kneejerk response to the late Sunday news that Angela Merkel had failed to form a government following the collapse of the "Jamaica Coalition" talks - when the Free Democratic Party walked out, saying the differences with the Green party were too great to bridge - both the Euro and European stocks have staged an impressive rebound, and the entire gap lower in the FX pair has now been, well, pared. Alongside the rebound in the EURSD, the German DAX,...

    @zerohedge
  • On The West's Demise To The Sidelines Of History...

    Authored by Seth Lievense via Limpidus.org, The world is changing, but the west is clinging on to a unipolar vision of the world that has passed. It’s attempts to discard this changing reality in exchange for a western worldview expressed in their politics and media are so ungrounded, it’s comical as it is dangerous. This western bubble of reality laid down before the wests general public seems to hold up for now, although fragile and less and less by the day. Really, Russia again? Outside this...

    @zerohedge
  • Is Financial Argmageddon Bullish For Stocks? One Bank's Surprising Answer

    Everyone knows that after nearly a decade of capital markets central planning by the world's central banks, "good news is bad news." But did you also know that financial armageddon has become the most bullish catalyst to buy stocks? That's the understated take-home message from the year ahead preview by Macquarie's Viktor Shvets published last week. It is also the conclusion that One River Asset Management's Eric Peters reached in his latest weekend notes. While we will have much more to...

    @zerohedge
  • Before You Book That Vacation, JPM Warns Multiple Spoilers Are Converging In November

    One week ago, Jan Loeys - the person who wrote "The JPMorgan View" for 15 years - announced his exit, as he transitioned from tactical asset allocation to longer-term strategy, and that he would be handing over the authorship to John Normand, and soon Nikos Panigirtzoglou and Marko Kolanovic, but not before summarizing what he has learned in 30 years of investing in a must-read bulletin which he published last week. In any case, this weekend it was Normand's turn to regale JPM's countless...

    @zerohedge
  • Mnuchin called being compared to a Bond Lillian a 'compliment'

    Treasury Secretary Steven Mnuchin said he didn't really mind being compared to a Bond villain. 'I guess I should take that as a compliment that I look like a villain in a great, successful James Bond movie.'

    Mail Online
  • Mnuchin On Bond-Villain Comparison: "I Guess I Should Take That As A Compliment"

    Treasury Secretary and noted Hollywood producer Steven Mnuchin provoked criticisms from his political opponents after photos surfaced last week of Mnuchin and his wife Louise Linton posing with a sheet of newly printed dollar bills bearing Mnuchin’s signature. Asked by Fox News Sunday host Chris Wallace what it was like being compared with a bond villain after the photos went viral, Mnuchin said he took it as a compliment. “I heard that. I never thought I’d be quoted as looking like a villain...

    @zerohedge
  • Treasury chief a Bond villain? Mnuchin OK with comparison

    WASHINGTON (AP) - The treasury secretary says he had no idea that a photo of him and his wife posing with a sheet of newly printed money would go viral.And...

    Mail Online
  • Hamley's biggest ever toy parade hits Regent Street

    Thousands lined Regent Street this morning as the biggest ever Hamley's toy parade marched into the capital. The store included some of the most popular characters with Peppa Pig leading the way.

    Mail Online
  • "People Ask, Where's The Leverage This Time?"

    One of the Fed's recurring arguments meant to explain why the financial system is more stable now than it was 10 years ago, and is therefore less prone to a Lehman or "Black monday"-type event, (which in turn is meant to justify the Fed's blowing of a 31x Shiller PE bubble) is that there is generally less leverage in the system, and as a result a sudden, explosive leverage unwind is far less likely... or at least that's what the Fed's recently departed vice Chair, and top macroprudential...

    @zerohedge
  • Hidden assets: How James Bond-style gizmos can add value to your home

    A James Bond-style home with a hidden bed that pops out with just the press of a button may sound like a gimmick, but it could prove to be a shrewd investment.

    Mail Online
  • Hunting Angels: What The World's Most Bearish Hedge Fund Will Short Next

    It's not easy being "the world's most bearish hedge fund", a description we first conceived nearly three years ago, and one look at Horseman Capital's returns over the past three years confirms it: after generating market-beating returns for much of its existence, things went bad in 2015, and much worse in 2016... ... when the Fund had a record net short equity position of over -100%, just as the market ripped higher after the Trump election. That said, 2017 has been much better for Horseman...

    @zerohedge
  • Why People Will Happily Line Up To Be Microchipped Like Dogs

    Authord by Daisy Luther via The Organic Prepper blog, So...some people actually want to be microchipped like a dog. They’re lining up for it. They’re having parties to get it done. It if isn’t available to them, they’re totally bummed out. I’m not even going to venture into the religious aspect of having a microchip inserted into a human being. Let’s just talk about the secular ramifications. Certain folks won’t be happy until everyone has a computer chip implanted in them. Here’s how this...

    @zerohedge
  • Moody's Boosts Modi: India Gets First Sovereign Credit Upgrade Since 2004

    Moody’s upgrade to India’s credit rating comes as a much-needed boost for India’s Prime Minister, Narendra Modi, who has been criticised for the fallout from the goods and services tax (GST) and demonetisation reforms. Indeed, Moody’s argued that Modi’s reforms will help to stabilize India’s rising debt levels. According to Reuters. Moody's Investors Service upgraded its ratings on India's sovereign bonds for the first time in nearly 14 years on Friday, saying continued progress on economic and...

    @zerohedge
  • Financial Times: Sell Bitcoin Because The Market Is About To Become "Civilized"

    On 31 October 2017, we discussed the announcement that the CME Group was responding to client interest and launching a Bitcoin Futures contract before the end of this year. CME stated that the contract would be cash settled based on the CME CF Bitcoin Reference rate, a once-a-day reference rate of the US dollar Bitcoin price at 4.00pm London time. In the run-up to the launch of the futures contract, the Financial Times has written a piece on the likely impact of futures trading on the Bitcoin...

    @zerohedge
  • Gold Gains As Stocks Slide, Yield Curve Crashes, & Dollar Dumps

    Economic Data continues to surprise to the upside (compared to what had been terrible expectations)...is this as good as it gets? But credit, the yield curve, and now stocks are not loving it... Small Caps were the only major index green today... The Dow and S&P 500- fell for the 2nd week in a row - something they haven't done for 3 months...Small Caps best on the week (followed by Nasdaq thanks to yesterday's panic buy)... Futures show the crazy moves this week better.. VIX was...

    @zerohedge