Content originally published at iBankCoin.com
At CNBC's Delivering Alpha conference, Blackstone's CEO, Stephen Schwarzman told Michelle Caruso-Cabrera that after the Charlottesville mayhem, he received hundreds of defamatory emails, many calling him a 'nazi', borrowing the narrative of the far left group ANTIFA. This is especially absurd, since he's jewish.
But don't let logic get in the way of all that pent up anger and hatred.
Authored by David Stockman via DailyReckoning.com,
Maybe the Democrats did win the 2016 election. Or at least the the Deep State and its accomplices among the beltway political class, K-Street lobbies and the media did.
With the VIX back to a 10-handle and eagerly eyeing single-digits once again, commentary on market complacency and the low VIX, which was blissfully gone for the past month when the VIX surged valiantly if briefly only to be smacked right back down, has returned. In a note from SocGen's Praveen Singh, the French bank analyst boldly goes where so many prognosticators have gone before, and looking at the evolving cross-asset volatility trends, warns that the market is "now entering dangerous volatility regimes."
Six years ago, Kyle Bass provided a crucial context for the debt-laden world of ever-increasing sovereign debt:
"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple"
And now, as interest in Bitcoin surges, Arthur Hayes, a former CitiGroup trader who runs BitMEX - a Hong Kong-based crypto exchange - asks an interesting question - In the coming war between digital currencies, which side will your money be on?
Austria, a country which itself is less than 100 years old, made European history today when it launched a 100-year government bond: the first such deal to be sold into eurozone public markets. While Austria is not the first nation to sell 100 year bonds - last year Ireland and Belgium both sold privately-placed century-long bonds - while Austria itself sold a 70 year bond, Austria’s planned 100-year bond is unique in that it would be the first such debt sold directly into public markets in the eurozone according to the WSJ.