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[Yahoo/Bloomberg] Stocks, Bonds Fall as China Rate Cut Deepens Gloom: Markets Wrap [Yahoo/Bloomberg] China’s Key Bond Yield Slides With Yuan on Surprise Rate Cut [Yahoo/Bloomberg] Yen Weakens Toward Level That Prompted September Intervention [Reuters] Russia’s rouble gives up gains after 350 bp emergency rate hike [Yahoo/Bloomberg] European Gas Prices Jump 15% as Australia Strike Talks […]
One of the difficulties in going broke “gradually, then suddenly” is that you get to hear the anecdote about going broke gradually, then suddenly hundreds of times (along with its distinguished attribution—to Ernest Hemingway, if you’ve somehow missed it). That’s the difficulty with pertinent sayings, particularly when they remain relevant for a long period of […]
[Yahoo/Bloomberg] Stocks Erase Gains as China Contagion Risks Eyed: Markets Wrap [Reuters] China’s Country Garden seeks to delay onshore bond repayment, fanning market fears [Yahoo/Bloomberg] Yen Slides Toward Intervention Zone on Wide Japan-US Yield Gap [Reuters] Bonds bruised, China stocks and rouble sink [CNBC] Russian ruble slumps to near 17-month low, moves past 100 against […]
[AP] As death toll from Maui fire reaches 93, authorities say effort to count the losses is just starting [Reuters] Russian warship fires warning shots on cargo ship in Black Sea [Yahoo/Bloomberg] Bond Market Sees No End to Tumult as Fed Casts a Hawkish Shadow [Yahoo/Bloomberg] Bond Traders Fear ECB Hawks as Energy Jitters Return […]
Back In Time Last week, HAI detailed an alternative, lower odds “inflationary fire” scenario. Rather than break down, markets could potentially crack up. Current levels of massive government debt, deficits, interest expenses, and complicated questions over the efficacy of the monetary policy brake to fight inflation at current levels of debt certainly throw a different […]
[Yahoo/Bloomberg] Maui Fire Death Toll Rises to 80 as Rescue Efforts Contin [Yahoo Finance] Americans are still ransacking their retirement savings [Reuters] Munich developer insolvent in latest blow to German property sector [Reuters] Taiwan vice president leaves on sensitive trip to United States [Bloomberg] Lesser-Known Treasury Yield Is on Brink of Historic Breakthrough [Bloomberg] Look […]
The lazy days of such a sweltering summer are not when Wall Street would typically be on the lookout for market junctures. Bonds might be at a one: the so-called “year of the bond” or, instead, another year of a transformative bond bear market? August 11 – Bloomberg (Farah Elbahrawy and Greg Ritchie): “US Treasuries […]
[Yahoo/Bloomberg] Stocks Drop as China, Fedspeak Unnerve Traders: Markets Wrap [CNBC] Treasury yields increase after producer prices are a touch hotter than expected [Yahoo/Bloomberg] Oil Holds Near $83 as IEA Sees Consumption at a Record [Yahoo/Bloomberg] Emerging Markets Cap Week of Selling Everything With China Link [AP] Wholesale inflation in US edged up in July […]
