"Then we borrowed our way out of a debt crisis. No one questioned it"
Reversal of the massively overowned and overbelieved one-way dollar carry trade will end this shit show post haste...
Bearing in mind that this entire farce is predicated upon a minimal blip in wage inflation at the end of the cycle...
Dollar reversal will coincide with interest rate reversal and Financials reversal.
You know, like last year...
You know, like last year...
The dollar reached 3 standard deviations overbought, yesterday:
Traders are leaning hard for Euro parity...
New low in the offshore Yuan, just now, as China comes unglued...
As of this writing, USDJPY is just beginning to reverse in line with the 100% correlated U.S. stock market...
"A one-way trip to Dow 20,000, please"
Financials are the last momentum trades for casino speculators...
It's a one way trip to the sun...
Because, Santa Claus is coming to town...
