Monday, September 12, 2016

Policy of Truth

"Never again is what you swore, the time before..."

"Good news, no 'Conomy"

"Fed's Brainard warns against moving too quickly on rate hikes"
"Economic progress continues in the U.S., but its central bank would be wise to continue keeping policy loose, Fed Governor Lael Brainard said in a closely watched speech Monday."

"It's only been eight years, so we don't want to move too quickly. Don't worry, markets don't re-price insolvency unless we give them permission..."

Record S&P speculative futures (red line):

ZH: Sept. 9, 2016
Record complacency

Realized volatility:

ZH: Sept. 12, 2016
Record high VIX Futures Short Positions

Record low cash balances

Record high asset correlation:

Record global stimulus and record low yields: