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Olduvai III: Catacylsm
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G-20 Needs To “Man Up” Or Risk Sparking Market Chaos, Citi Warns

G-20 Needs To “Man Up” Or Risk Sparking Market Chaos, Citi Warns Two days ago, the man who now signs your Federal Reserve notes threw cold water on hopes for a so-called “Shanghai Accord.” Over the past month or so, anticipation has built among market participants for some manner of coordinated policy response at this weekend’s G20 summit […]

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Why According To One Bank, Massive Central Bank Intervention Is Imminent

Why According To One Bank, Massive Central Bank Intervention Is Imminent Any time the relative performance of global financials to US Treasuries has stumbled as far as it has, as shown in the chart below, it has meant one thing – a major central bank intervention was imminent.  At least that’s the interpretation of BofA’s Michael […]

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A Contagious Crisis Of Confidence In Corporate Credit

A Contagious Crisis Of Confidence In Corporate Credit Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to be masked throughout the boom period. Worse yet, a prolonged boom in “productive” Credit – surely fueled by some type of underlying monetary disorder – can […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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