After Vegas Shooting, It's Time To Take Private Security Seriously
Authored by Ryan McMaken via The Mises Institute,
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"Your Guess Is As Good As Mine" - Traders Build Positions Ahead Of Statistically-Meaningless Jobs Data
With December rate-hike odds hovering around 70% now, despite the continuing collapse in 'hard' economic data, all eyes will once again be focused on this Friday's jobs data (as the 'single arbiter of truth' for the economy). However, as former fund manager Richard Breslow notes, “Your guess is as good as mine,” is probably the best description of the set of forecasts for this week’s release of the non-farm payroll report.
Richter: "The Pricing Of Risk Is Kaput"
Authored by Wolf Richter via WolfStreet.com,
US Treasury Yield v. Euro “Junk Bond” Yield. A new record in central-bank engineered absurdity.
Spain's, Planes, & Automobiles Soar As Small Caps Rebound To Another New High
Just relax...
As Bloomberg noted, stocks and bonds managed gains despite talk that tax reform may face insurmountable hurdles in the U.S. Senate.
Kolanovic: "This Is What The Next Crisis Will Look Like"
There are two distinct parts to the latest, just released research note from JPM's quant "wizard" Marko Kolanovic.