“It feels like we’re about 12 months away, but we could get into extended innings.”
See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
Everything is spiking, setting off “inflationary concerns.”
Gone are the kid gloves.
Still dreaming in la-la-land.
“Right after the company tells the market the stock is cheap, executives overwhelmingly decide to sell.”
Just as the Fed created money to buy Treasuries and MBS during QE, it now destroys money as these securities “roll off” the balance sheet.
Crash insurance with an expiration date. But its working while it lasts.
This time, it’s different, say the strategists. So we’ll take a look.
Chicago’s rents in free-fall, Washington DC’s suddenly plunge, New York’s fall to third place. But rents soar in Southern California and other parts. Bay Area and Seattle “mixed.”