Monday, November 16, 2015

Five things I do not believe in...

But have no evidence to the contrary. Yet.

  1. That the dealers are running zero corporate bond inventories
  2. That China shorts is going to make money for investors (UPDATE: At least not in macro shorts. Possibly in selective equity shorts. There seems to be a fissure within the old and the new economy in China)
  3. That the next crisis (whenever that happens) will mean a dollar rally (against euro) (UPDATE: See this, although I think it misses the point. It is about in what currencies global assets and liabilities are funded)
  4. That migration crisis is just another one for Europe
  5. That we have reached the peak Geo-political crisis (think about power balance in post-oil scarcity world)

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