Always a crowd pleaser because he keeps it real, Art Cashin gives his take on the current events, touching on Soros, Icahn to ECB fuckery and JGB chicanery.
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Joined Nov 10, 2007
23,446 Blog Posts
Smug young guns
Faber is 50. But they called Art a piker.
No one can predict when it all comes crashing down around our heads but it is going to happen.
Out of curiousity, is there any evidence that the CBs are buying non-investment grade bonds? (of Course, whether the rating is correct is a different question…)
I mean, even the quickest google search reveals this. No offense, but come on.
http://www.bloomberg.com/news/articles/2016-06-08/draghi-seen-buying-junk-debt-shows-ecb-will-do-whatever-it-takes
Been big news recently.
My bad, I should have done my own reserach. I had assummed that the CBs were buying huge amount of IG bonds, which were benefiting Junk indirectly by lowering rates. Wow.
How TF can professional economist ever think that is a good idea? That is the equivalent of immediately raising the minimum wage to $25/hour.
Well, I am not at the age yet, where the first thing I look at when I enter a room, is the exit. I hope to live to that age though.
Jason Bourne was born at that age.
Trump 2016