— KP 🌐 (@MacroTechnicals) October 11, 2018
— Charlie Bilello (@charliebilello) October 11, 2018
Interesting that Trump blames the Fed when Powell only has direct control over the front end of the curve. No blame, of course, over the boom in U.S. borrowing needs and the soaring bond crop for why yields have popped.
— David Rosenberg (@EconguyRosie) October 11, 2018
Likely sequence of events: 1. Bear market; 2. Recession; 3. Deficits explode; 4. Return of ZIRP and QE; 5. Dollar tanks; 6. Gold soars; 7. CPI spikes; 8; Long-term rates rise; 9. Fed. forced to hike rates during recession 10. A financial crisis without stimulus or bailouts!
— Peter Schiff (@PeterSchiff) October 11, 2018
@TheStalwart says it, "feels like there isn't a general market panic." That's what Bernanke said about mortgages in March 2007 and what LTCM said about EMs in January 1998. What they all miss is panics build slowly, take time. They only seem sudden in hindsight. pic.twitter.com/oKyAzGY8O7
— Jim Rickards (@JamesGRickards) October 11, 2018
— Alastair Williamson (@StockBoardAsset) October 12, 2018
GLOBAL PANIC pic.twitter.com/BwfzDr9Fde
— Alastair Williamson (@StockBoardAsset) October 11, 2018