It is the 14th of October 2019

News

Fed Policy - The most significant TRUMP card for the markets remains unknown

While markets wait for the election, getting closer by the day- one big question - in fact maybe the most important question - What is Trump's plans (if any) for Fed policy?  As we explain in Splitting Pennies - Understanding Forex - Fed Policy (Monetary Policy) TRUMPS any regulation, domestic political policy, corporate policy, or social movement.  In fact - the only thing more powerful than Fed policy is a nuclear arsenal (which is why - there is a correlation between the most powerful currencies and the most powerful militaries).

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For Crispin Odey This Is The Engame: Hedge Fund Billionaire Goes All In Betting On "Violent Unwind" Of QE Bubble

In mid-August, when the market was enjoying its low-volatility grind higher, we observed that one of the biggest bears in the hedge fund industry, Crispin Odey, was having a bad year, with his hedge fund sinking some 30% through the end of July. Since then, conditions have only gotten more precarious for the billionaire hedge fund manager, and as the FT writes, for Odey, who is betting it all "on a violent unwind of a QE bubble", the endgame may have arrived.

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Eric Peters: "In The End, Central Banking Monetary Magic Is All Nonsense, Empty Formulas, Illusions"

A couple of anecdotal points by one of our favorite commentators, Eric Peters of One River Asset Management

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Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time High

It's getting increasingly more difficult for China to deny its massively overindebted reality.

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