Short-seller Carson Block triggered a small panic in Hong Kong on Tuesday after he told Bloomberg that he had identified a new short play listed in the former British colony.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Building bridges to nowhere isn't just a waste of money in the present; it saddles the economy with productivity-draining costs for decades to come.
73 years ago today...
Gold remains the big winner post-payrolls...
Via Long Convexity blog,
As a trader one of the most frustrating things is to have the correct view on the direction of the market, while not being able to monetize that view because you have the wrong structure on.
Due to the lack of a deep & liquid options market in fed fund futures, many market participants - particularly macro players - instead leverage the highly liquid eurodollar options market to express views on the direction of short-term interest rates.
Despite expectations (among 19 'economists') that growth would be up 1.0% in Q1, South African GDP tumbled 0.7% (the second drop in a row) pushing the nation back into recession after eight years.
The median of 19 economists’ estimates in a Bloomberg survey was for 1 percent expansion. There was only one forecast for a contraction. This was a four standard deviation miss...
Indicating contraction for the second quarter in a row - technically signaling a recession - as all bar two industries shrank.