Licking Yesterday’s Wounds Today

  The nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia-Pacific region, but most markets recovered from their lows, and although losses were...

So Silly It Hertz

“Perhaps both will want to snap up the USD1bn in a new bankrupt stock offering from a US car rental company whose name tells you everything about how silly this market is: so silly it hertz.“ “I have to say that I have never seen a Debtor petition...

Worst Day until the next one….

  “When Black Friday comes, I’ll stand by the door, and catch the grey men when they dive from the fourteenth floor.” “The worst day since March!”  The commentariat is full of stuff like “markets got creamed”, a “new sell off to new lows is coming”, and “market froth...

The Fed’s Monetary “Animal House”

  “…seven years of college down the drain.” – John “Bluto” Blutarsky, Animal House The inspiration and credit for this article belongs to Emil Kalinowski and his recent publication The Silent Depression: Trundling Is the New Booming. Most profound about Kalinowski’s...
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