Pogo Sticking Through A Mine Field
At Bulls Coming Out From Under The Trees, Go Lakers and Salmo Trutta got into a kerfuffle, we finally Nattered...
These kinds of comments and riding the dog like it's a small horse are activities which are frowned upon in this establishment, and can earn you a timeout in solitary, with the dog!
Enough already, never turn your back on the ocean. Maintain your energy and focus on the impending tidal wave...
Speaking of inflection points... gold and other precious metals just hit a five year low... A FED rate raise is being factored in between now and Dec, dollar rising, commods sinking. Factor in lower Q3 reporting, lowered Q4 - Q1 2016 guidance and diminishing US consumer spending... I hate to see what the Dec commodities flash crash (Salmo's prediction) will look like.
Lower oil, stronger dollar will absolutely crater the already hard hit HY, EM, Energy debt, and make any offshore dollar denom. debt harder to service. So lets not talk about how that effects China's collapse... or how widening margin spreads and increased risk premia will jack rates further, and the consequences thereof.
Bottom line: the impending wave of defaults will grow exponentially and any reversion to the mean will only increase the possibility of a "systemic event" occurring. Drop your *ocks, and grab your socks... this is going to be like pogo sticking through a mine field with a fragile IED in hand. Along those lines, see more at The Fed's Ultimate Balancing Act
These kinds of comments and riding the dog like it's a small horse are activities which are frowned upon in this establishment, and can earn you a timeout in solitary, with the dog!
Enough already, never turn your back on the ocean. Maintain your energy and focus on the impending tidal wave...
Speaking of inflection points... gold and other precious metals just hit a five year low... A FED rate raise is being factored in between now and Dec, dollar rising, commods sinking. Factor in lower Q3 reporting, lowered Q4 - Q1 2016 guidance and diminishing US consumer spending... I hate to see what the Dec commodities flash crash (Salmo's prediction) will look like.
Lower oil, stronger dollar will absolutely crater the already hard hit HY, EM, Energy debt, and make any offshore dollar denom. debt harder to service. So lets not talk about how that effects China's collapse... or how widening margin spreads and increased risk premia will jack rates further, and the consequences thereof.
Bottom line: the impending wave of defaults will grow exponentially and any reversion to the mean will only increase the possibility of a "systemic event" occurring. Drop your *ocks, and grab your socks... this is going to be like pogo sticking through a mine field with a fragile IED in hand. Along those lines, see more at The Fed's Ultimate Balancing Act
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