trading recap

Week-in-Review: Mon: China investigates former president Hu Jintao senior aide (new escalation of anti-corruption drive), Saudi oil minister “not in OPEC’s interest to cut production no matter how low price goes; may never see $100 oil again,” Tunisia votes for secular govt, US Nov existing home sales -6.1% (median price +5% yoy), S&P +0.4%; Tue: China investigates stock price manipulation, Qatar susp

“We’ll respond proportionately in a space, time and manner that we choose,” warned Obama, racing through his armory, searching for a weapon capable of kidnapping North Korea’s chubby kid and placing him in Angelina Jolie’s foster care. But of course, Obama’s cache is running low. Everyone’s is. Putin’s reserves continued their inexorable decline, oil extended its slide, the Ruble plunged. So Vladimir pulled out the w

“Even in the worst of times, we’re always Americans,” said John McCain, rubbing his war wounds. “We’re different, stronger, and better than those who would destroy us,” continued the Senator, rising above pathetic partisan politics, reliving his torturous pain. And he’s both right and wrong. Because we’re no different, no stronger, no better. We’re human; all the same. With one exception. You see, our painfully coura

“I’m half-way to achieving our goals,” announced Abe. As Moody’s cut Japan’s credit rating to A1. Citing the difficulty in simultaneously reducing fiscal deficits while fueling growth. Which is the global economy’s first circular reference. Because you can have one or the other, but not both. Unless you devalue your currency and monetize your debt. The Yen fell another 2.4%. 10yr JGB yields fell 1bp to 0.41%. The Nik

Week-in-Review: Mon: China’s Friday surprise rate cut lifts Asian equities, German Nov IFO +1.5 to 104.7, Weidmann sees high legal hurdle for sovereign bond-buying, Coeure “ECB unanimous on doing more if extra stimulus needed,” Dallas Fed index unch, US defense secretary Hagel to step down, Grand Jury declines to indict Ferguson cop, S&P +0.3%; Tue: Chinese stocks 3yr highs, Kuroda “imperative to restore confiden

Kuroda dropped his kimono. And stepped into the steaming shower. To wash away the anger, the humiliation, and the last remaining trace of economic orthodoxy. He’d cut a secret deal with Abe, sealed it with a Samurai swear. Kuroda held up his end, expanding QE to infinity. But Abe betrayed Bushido; dissolving parliament, delaying the consumption tax hike. April’s 3% increase sparked a 7.3% collapse in Q2 GDP. And desp

“There’s no need to panic,” said Emefiele, wiping his brow, fueling that which he’d hoped to extinguish. “Our reserves can support nine-months of imports, we believe we’re very safe,” continued the central bank chief. Now, obviously no one cares about Nigeria. It’s just another crappy country, getting seriously fracked by the Bakken boys. And if that ain’t painful enough, it’s been Boko Haramed too. Anyhow, Nigeria h

“You are goddamn good looking man,” he grunted, nearly nicking his nipple. And wiping his shaven chest clean, the desperate little dictator winked at his greatest fan. “Is fitting, no?” he continued, speaking to the mirror, admiring his crooked smile, his unpredictable, icy eyes. “It is I who am #1, yes, it is I who turn weak hand strong; in end, it is always I.” Indeed, Forbes crowned him mankind’s most powerful man

Nothing changes. Everything changes. And that never changes. “October 26th was another historic day for Afghanistan in which the British invaders officially accepted the military defeat of their fourth invasion,” announced the Taliban. As British soldiers ended combat operations for the fourth time in 200yrs. And American warriors wound down the longest war in our 240yr history, returning to prosperity’s heaven