It just needs to make a billion dollars...

"We are calling today's event Ignition..." 

 

The more you dig into it, the more private credit shows unwelcome parallels to the financial chicanery in the run up to the GFC...

VXEEM just surged toward panic levels. EM stress is real.

The timeline is uncertain, but the arithmetic is not, and it's approaching catastrophic proportions. 

"The war should not have begun in the first place," Zhai declared.

Viral video reveals an inconvenient truth...

"A supply shock that will show up in food prices 6–9 months from now,"

The ballot count had begun, been paused, and will now continue under court supervision, according to Riverside County Sheriff Chad Bianco.

Volatility is no longer the coach from the sidelines, it is QB1, telling when teams can re-risk... for now, the balance of risks has tilted to the upside...

...indicative of GDP rising at an annualized rate of just 1.0%.

If 4.4% breaks, this won’t stay contained.

"Clearly, the software lineup has been poor, at least until most recently, with Pokémon showing some hope."

... perhaps Trump is just buying time for an alternative form of escalation. The new deadline coincides with the expected arrival of US marines in the region.

“The current selloff is in the vicinity of a typical bottom in size and time...”

“If there’s a deal in five days then there’s a chance the market can bounce back and investors may be able to look through the crisis but if there’s not, a recession is a possibility. The range of outcomes is very large still, which explains the volatility.”

Gold skew just flipped — after a year of chasing upside, traders are now buying protection.

“Both sides are talking in a serious way..."