Can Bitcoin Become A Flight-To-Quality Asset?

Authored by Omid Malekan via Medium.com, 2018 might be the year we find out. There’s an old saying on Wall Street that when times are good, you should focus on the return on your capital, but when times are bad, you should only care about…

“Blue Wave” Crashes On Shores Of Reality: GOP Takes Lead In Midterms Poll For First Time

Remember all that chatter and hope about a so-called “blue wave” of Democrats coming to overwhelm Washington in the Midterms? Well it appears have ebbed to nothing. In the latest Reuters poll, more people said they would vote for a Republican candidate over a Democrat…

Why The Fed Is About To Adjust The Interest On Excess Reserves

In addition to the hawkish discussion on timing of future rate hikes (“soon”), offset by the Fed’s dovish admission it is willing to tolerate a “modest” inflation overshoot, coupled with the FOMC’s thoughts on the shape of the yield curve, and the potential change to…

Argentine Bank To Use Bitcoin For Cross-Border Transactions

May has not been a good month for Emerging Markets in general, but perhaps none (other than Turkey now) were hit harder than Argentina which raised rates to an astonishing 40% in an effort to defend massive capital flight and the crash in its currency…

Elon Musk Goes Full Conspiracy Theorist, Blames Big Oil for Tesla’s Negative Media Coverage

Elon Musk’s list of people responsible for Tesla’s shortcomings – now inclusive of the NTSB, internet trolls and the financial media – and notably not inclusive of Elon Musk, continues to grow. Today’s addition? The conspirators running the big oil companies. It appears that billionaire…

Trump Lawyer Received $400,000 “Secret Payment” To Arrange Meeting Between Ukraine President And Trump

The BBC claimed on Wednesday that President Trump’s personal lawyer, Michael Cohen, was paid $400,000 by Ukraine to arrange a meeting between Trump and Ukraine’s billionaire oligarch President, Petro Poroshenko, an allegation Cohen and two Ukrainians deny. The payment was arranged by intermediaries acting for Ukraine’s…

Iran Lists 7 Conditions To Remain In Nuclear Deal

Two days after US Secretary of State laid out 12 draconian conditions for the US enter into a new nuclear deal with Iran, among which that Tehran must stop enrichment of uranium and never pre-process plutonium, allow nuclear inspectors “unqualified access to all sites throughout…

Bond Bears Battered As Yields Tumble But Credit & Cryptos Crushed

Well that escalated quickly… Bond, Buy Bond…   Markets appear to have interpreted FOMC Minutes in a dovish manner, sending the dollar lower and bonds, stocks, and gold higher…   Overall, stocks managed to scramble back into the green for the day after the Fed…with…

Saudis Release Photo Of Crown Prince To Deny Rumors Of His Death

As wild speculation and questions abounded early this week over the whereabouts and status of Saudi crown prince Mohammed bin Salman (MbS) — with some going so far as to suggest he was assassinated during a palace shootout a month ago — Saudi Arabia tried to clamp down on the rumors…

Kass: “These Are The Ingredients Of A Toxic Market Cocktail”

Authored by Doug Kass via Seabreeze Partners, Surprise #7: Stagflation Emerges in the Last Half of 2018 and the Fed Tightens Four Times Though economic growth slows, wage growth begins to spike.  When unemployment falls to 3.5% a labor shortage develops and unit labor costs…