Here is a collection of interesting Tweets I gathered this morning a few minutes before a plane flight.
Emerging Market High Yield credit spreads hit their tightest level since October 2007: 444 bps. $EMHY pic.twitter.com/YlIQM9qrem
— Charlie Bilello (@charliebilello) September 14, 2017
Stocks mkts hit fresh all-time highs. Global equities now worth $83.7tn, equals to 110% of global GDP, way above the Buffett crash threshold pic.twitter.com/j9i2cZIHtz
— Holger Zschaepitz (@Schuldensuehner) September 16, 2017
hmm… pic.twitter.com/8BySaCJJJ2
— StockCats (@StockCats) September 16, 2017
#Bitcoin bear Jamie Dimon may reject #Bitcoin, but his company seems to like it. https://t.co/SeFu0AU8yu pic.twitter.com/DSUNL9Pesj
— Cointelegraph (@Cointelegraph) September 16, 2017
Hillary Clinton doesn't understand why the corporate media is so bad https://t.co/zS1aeYxFG3 by @tinyrevolution
— The Intercept (@theintercept) September 16, 2017
length of time since we've seen various sized corrections pic.twitter.com/EbmQBZ0LHS
— Salil Statistics (@salilstatistics) September 16, 2017
History shows that natural disasters almost always precede major U.S. economic and market turning points #WILTW pic.twitter.com/dtvmwHEYxr
— 13D Research (@WhatILearnedTW) September 15, 2017
It's amazing what you can do with over $2 trillion in QE in 8.5 months. https://t.co/XxDIgS2AZg
— Sven Henrich (@NorthmanTrader) September 16, 2017
Mike “Mish” Shedlock
Bravo, Mish.
That was a few minutes, very well spent!
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Institutions agree. I should sell them my shares. The fact is as the dollar loses value, stock prices revalue higher to compensate.
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Well this is my wtf news of the day :
Terror cops in Surrey raid home of MBE couple who fostered young refugees and ‘find explosives in garden’
Which has a picture of the queen awarding them medals for having taken in so many refugees.
http://www.mirror.co.uk/news/uk-news/parsons-green-terror-attack-police-11182862
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From the Intercept article:
“In her new book ‘What Happened,’ Clinton mainly indicts television news for abandoning coverage of any actual public policy issues in favor of its berserk obsession with her use of a private email server.”
For which, considering the level of classification of what was illegally ON that server and the apparent CUT AND PASTE source of Top Secret compartmentalized, noforn data – a classified and properly encrypted national security network – material so classified that the investigator had to be read into a special program to view it, ANYONE OTHER THAN ROYALTY would have AT THE VERY LEAST lost their security clearance!
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But she didn’t. Why? Because it would have prevented her from serving in any government capacity beyond night janitor which is EXACTLY what she should have been relegated to.
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Witches don’t need security clearance.
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As retired military who knows ALL about the proper handling of highly classified materials which are treated with great care in the military not just because of the extreme penalties IN THE MILITARY for doing 1/100th what she and her totally incompetent minions did but because LIVES CAN DEPEND UPON IT!
Meanwhile, DC SCUM like her treat these materials like they were personal emails about what she had for lunch and suffer no real consequences for it at all. I have no doubt that any number of US adventures overseas have been foiled or have had less than ideal outcomes because the involved adversaries can so easily read the classified email of our incompetents in DC.
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Beyond my understanding of accountability, but I do know, have witnessed, that there is often a breach where civilian bureaucracy is concerned. You can monitor and have systems of accountability, but the bureaucrat is an open interface to the world by nature. Makes them very dangerous – public position of trust and power, access to privileged information, connections with others in similar position, untrainable as they are policy makers not takers when in high office, and easily presumptuous when in lower office. When that system becomes corrupted somewhere there is no clear method of containment because it is so fluid, no easy accountability because under scrutiny responsibility is everywhere and so nowhere. So they get away with way too much, a rule to themselves, all on, and in the name of, the public. Try sharply questioning bureaucrats and you won’t have to wait to get walled or dismissed or redirected to a waiting room or pre-recorded message or a legal text etc. If you don’t follow you are on your own as far as they are concerned… which kind of sucks when it is you who has been called to their attention. I should think a lot of people would like to see some bureaucrats nailed fairly , the higher in office the better… they are there firstly to serve, not take thanks.
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A single page of a classified document, mind you A SINGLE STINKIN’ PAGE was accessed by Gen. David Petraeus’ biographer (okay, mistress) and his career was over.
The woman herself actually had been clearanced from prior active duty but was expired at the time and the whole damn established rolled over on DP. Poor judgment on his part, but overkill by his superiors.
Hillary gets away with (literally) murder and lives to write books about it and speak on the banquet circuit for six figure speaker’s fees.
This isn’t the country I grew up in any more.
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gov’t employees are all incompetent
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“This isn’t the country I grew up in any more.”
it’s the same to me. maybe you’ve only recently opened your eyes?
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William White, well worth listening to, Sept 12 2007 interview.
William White, chairman of the Economic and Development Review Committee at the OECD and former chief economist at the Bank for International Settlements.
Now worse than 2007/8.
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There are hints in there as to the direction of play including more emphasis on labour recompense over recompense to capital, more fiscal stimulus but especially facing the debt head on.
Some folk just won’t get paid back.
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Can we actually allow loans to default? With 1.2 quadrillion in derivatives out there, all seemingly intertwined with this financial concoction, will we see critical mass achieved with any meaningful level of default?
Or will we simply abandon the use of “the word” to avoid triggering derivative nuclear destruction?
The whole mess is a creation of our minds, so why not just say it never happened?
Like JR was never shot in the DALLAS show, it was all just a bad dream. (and it WAS!)
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“The whole mess is a creation of our minds, so why not just say it never happened?”
It can certainly be dismissed as the past, but then the constantly updated financial structure is also the map of everyday economic structure, take that away in one go and no one will know what they are doing until they draw a new map based on what is left that is trustworthy.
Thought experiment… you have a self contained town which turns along in its own way…but everyone borrows so much from each other that no one knows what is really whose… so they start arguing and get really fedup….a spaceship happens to be zipping by and doesn’t like the noise… zaps up the entire population and drops them into another town it just created, with similar number of houses, farms and factories, but all arranged very differently too, different crops growing, different machinery…. all the town is zapped there into the central square…besides saying ‘wow’, what do they do, how do they arrange?
If they spend too much time arguing about anything they get cold and hungry, is the only rule I think.
Maybe societies do themselves in out of excess, or boredom, or lack of appreciation. Maybe people get misdirected and cannot find themselves again, get put under a charm where they can see all but reality.
Who knows…or even if my words are real or an illusion or an escape.
Beats just staring at a blank page I guess?
🙂
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Did you write something…..I can’t see it…😉
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I did! I did!
Its written between the lines and looks just like blank paper to the untrained eye. I”ll put it in quotes this time so it is easier to see.
”
”
See?
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Why didn’t you preface that with “spoiler alert”? Now you’ve ruined Dallas for me.
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Its hilarious that central planners still think they are in charge!!!
Customers (aka taxpayers aka voters/rebels) rule the world, not pompous bureaucrats attending silly conferences.
BTW — the debt they think they are going to default on is also known as “retirement assets”. That doesn’t mean they won’t default (G7 governments will default). It means that defaulting amounts to short changing middle class voters (the ones with pensions) in order to bail out socialist leaning governments. Screw the people to rescue the people’s government.
Notice the pompous bureaucrat doesn’t acknowledge who benefits (himself) and who loses (the people who are going to shove his head into a guillotine).
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Which is more dangerous…..a relative few who “think” they are in control, or billions who think they have none? We all play a role in the outcomes.
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Medex Man
But they are walking around with your money.
You aren’t walking around with theirs.
Nice fantasy world you live in
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While White voiced his concerns such as prices being very high, in particular for high-yield assets and equities, VIX at very low levels, and house prices are rising strongly. What stood out in my mind was his indication that central banks cannot or will not be able to solve what might be seen as a growing “liquidity problem.”
White pointed out that Europe’s creditors are likely to face some of the biggest haircuts. This is a bit ironic coming at a time the euro is surging ever higher. more on this subject in the article below’
http://brucewilds.blogspot.com/2017/09/former-bis-chief-system-dangerously.html
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Spot on. Capital incinerated can’t be put to use again.
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Robert Kaplan, president of the Federal Reserve Bank of Dallas, spoke with the dean of the Pepperdine Business and Management School about monetary policy and the future of the global economy.
https://www.c-span.org/video/?433235-1/monetary-policy-economy
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“… a few minutes before a plane flight.”
Mr. Mish Shedlock,
Do you fly much? If so, what is your experience with the TSA? I’m guessing you think it’s not bad since I don’t recall you mentioning it.
If that’s the case you are very lucky. I avoid flying as much as I can. Every time I fly I get the feel up or the porno scanner or both. It is completely outrageous.
After some initial outrage Americans seem to no longer care. If we allow our gooberment to molest and porno scan us and our children what WON’T we allow it to do to us??????
Let’s face it. Let’s be honest. We are a nation of sheep ruled by perverted criminals.
Anyone here doubt that?
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Hey Mish my Grandson threw for 325 yards and 4 TD’s today today kicking ass 48-28
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“Stocks mkts hit fresh all-time highs. Global equities now worth $83.7tn, equals to 110% of global GDP, way above the Buffett crash threshold”
The Bloomberg chart looks like a parabolic at the right side.
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