There are more than a few industries that are “financially challenged” these days. Malls: Cruise ships: But if you’re really into depression, try the airlines. Here’s Time Knight at Slope of Hope: https://slopeofhope.com/2021/03/peak-airlines.html#more-194288 I’d say they were in for some rough air ahead. And, broadly speaking:
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Repo Madness and Market Freeze-out: “When the shorts arrive, bring your alibis”
ZeroHedge on the short pileup: https://www.zerohedge.com/markets/historic-repo-market-insanity-10y-treasury-trades-4-ahead-monster-short-squeeze Actually scratch that: last week there were barely any shorts in the 10Y – that’s why the massive stop loss liquidation after last Thursday’s 7Y auction was just longs puking. It was only after that the flood of shorts arrived and hammered the 10Y to “fails” levels in repo.Continue reading “Repo Madness and Market Freeze-out: “When the shorts arrive, bring your alibis””
Don “Sonny” Explains the “Misunderstanding”
Babylon Bee Exclusive: https://babylonbee.com/news/cuomo-assures-public-he-always-kept-mask-on-while-sexually-harassing-women ALBANY, NY—New York Governor Andrew Cuomo apologized this weekend for his long-standing habit of sexually abusing young women he holds power over. And while that all sounds quite bad, Governor Cuomo did make it clear to the public that he always wore a mask and socially distanced during these interactions– a factContinue reading “Don “Sonny” Explains the “Misunderstanding””
$9 Trillion – “”The greatest trick the Devil ever pulled was convincing the world he didn’t exist.”
Count on The Martens to ask annoying questions – stuff like “where’s my dough?” https://wallstreetonparade.com/2021/03/more-than-a-year-later-americans-have-no-idea-where-9-trillion-of-fed-money-went/ You can see the outflow. to the trading houses But where’s the in-flow? Beginning on September 17, 2019 – months before there was any report of a COVID-19 case anywhere in the world – the Federal Reserve turned on itsContinue reading “$9 Trillion – “”The greatest trick the Devil ever pulled was convincing the world he didn’t exist.””
Red Ponzi Fades
Goldman: China’s Caixin manufacturing PMI fell to 50.9 in February from 51.5 in January, though still in expansionary territory. Most sub-indexes implied growth momentum moderated in the manufacturing sector. The production sub-index dropped to 51.9 in February from 52.5, and the new orders sub-index fell to 51.0 from 52.2. The new export order sub-index edged up onlyContinue reading “Red Ponzi Fades”
10-Day GFS Simulation
Meandering jet stream from weakened solar cycle. Careful how you trade those NG calendar spreads. It’s “Widow Maker” time.
Last Stand
Holding the line – it’s a phrase that flows through history. Poetic imagery. Like the Battle of Iswandllwana: At Thermopylae, King Leonidas I of Sparta faced overwhelming odds from the Achaemenid Empire of Xerxes I over the course of three days during the second Persian invasion of Greece. As Herodotus tells us: “Here they defendedContinue reading “Last Stand”
Capitol Police Could Use a Refresher on Weapons Safety
US military weapons training provides a set of “rules” for safe handling and use of firearms. Army, Marines, Navy, etc., they’re all very similar. Here are 5 of the most important: Rule 1: Treat every weapon as if it were loaded.Rule 2: Never point a weapon at anything you do not intend to shoot.Rule 3:Continue reading “Capitol Police Could Use a Refresher on Weapons Safety”
Dr. Judith Curry on Estimating Climate Risk Using Models that Fail Backtests
IPCC AR5 (2014) presents 4 emission pathways which are at the heart of the climate change debate. There are a range of other topics that are also debated – notably, the atmospheric and ocean physics effects from GHG concentrations assumed. Those effects are further attenuated by factors that modeled by IPCC such as a moreContinue reading “Dr. Judith Curry on Estimating Climate Risk Using Models that Fail Backtests”
Hi-Yo, Silver! Away!
Tim Knight (Slope of Hope): https://slopeofhope.com/2021/02/winding-up-for-the-pitch.html#more-193985 Silver is looking better by the day……… What SLV needs to do is break above 26.3, then we’re probably off to the races. The long-term chart of silver is very encouraging. This is all augmented by the fact that our friends in Gainesville think gold and silver are totallyContinue reading “Hi-Yo, Silver! Away!”
