Over the years many have accused central banking of being the world's latest (and most profitable) religion, with central bankers the only modern day priests left that still matter (to the tune of $75 trillion, the market cap of all stocks in the world).
Earlier this week we discussed a chart from Citi's Hanz Lorenzen, which we said may be the "scariest chart for central banks" and showed the projected collapse in central bank "impulse" in coming years as a result of balance sheet contraction, and which - if history is any indication - would drag down not only future inflation but also risk assets. As Citi put it "the principal transmission channel to the real economy has been...
Well that escalated quickly...
This morning's Amazon acquisition of Whole Foods Market has collapsed share prices of many grocers (in US and around the world), pharmacies and drug distributors, and even REITs...
First things first, 11 of the top 12 biggest losers in the S&P 500 are related to AMZN's move...
It's a bloodbath in US Retailers...
But it's not just US Retailers... European Grocers are crashing too...
Via Global Macro Monitor,
Before hitting the hay we need to call a big B.S. on the bastard ‘bots from Rip (Off) City. They screwed us again yesterday (June 14) in crude oil futures.
First, before we get into the trade, a little background.
We have posted about our experiences of being ripped off by these “so-called” trading ‘bots, who prey and stalk the markets, looking to pick-off traders through blatant market manipulation. Flash crash, my arse.
Post election the investment community was strong on the belief that the new administration was going to get the economy to grow and that inflation will pick up. Below looks at the Growth/Inflation indicator ratio, which is created by using TIP/TLT rati
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