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Doug Kass' 15 Surprises For 2018: FANG Crackdown, Gold All-Time-Highs, Stocks Slump

Doug Kass' 15 Surprises For 2018: FANG Crackdown, Gold All-Time-Highs, Stocks Slump

Authored Doug Kass of Seabreeze Partners Management,

"The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the economy. As recovery approaches full employment . . . soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on . . . But in truth neither the boom, nor the debt deflation... and certainly not a recovery can go on forever. Each state nurtures forces that lead to its own destruction. "

What The Yield Curve Says About The Timing Of The Next Recession

What The Yield Curve Says About The Timing Of The Next Recession

While most financial professionals would enjoy nothing more than to trade bitcoin all day long - after all it only goes up in the long run (for now), while bringing insane volatility with it - the reality for most is that they are confined to such boring, established legacy instruments as Treasurys, which rarely have intraday fireworks similar to those in bitcoin.

Someone Just Made $60 Million Betting That The Crowd Is Wrong

Someone Just Made $60 Million Betting That The Crowd Is Wrong

Over the weekend we warned that just as everyone was convinced that the yield curve can only flatten from here, and was positioned massively on the long side of the 30Y future, the opposite was about to happen, and in a tweet highlighting the record net spec long positioning in 30Y futures, we said "here comes the mega steepener."

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