08-16-2016, 09:41 PM
The conclusion is that without an external economic shock it is hard to see policymakers being prepared to take dramatic, fiscal action to jumpstart the global economy and bounce it out of a financial repression defined by low and falling real yields to one that at least initially is defined by rising nominal yields through higher inflation expectations. Ironically the shock that is needed would require a collapse in risk assets for policymakers to then really panic and attempt dramatic fiscal stimulus.
Deutsche Bank stock market collapse fiscal stimulus - Business Insider
Billionaire George Soros isn’t waiting around to see if this year’s surge in gold-mining shares will last. Soros Fund Management LLC, which took a $263.7 million stake in Barrick Gold Corp. in the first quarter, cut its holdings in the world’s biggest producer of the metal by 94 percent in the ensuing three months, a U.S. regulatory filing showed Monday. After climbing 169 percent in the year through June, its best-ever performance for the period, Barrick shares have slipped from a three-year high reached last month.
Soros Cashes In as Barrick Gold Posts Best-Ever First Half Rally - Bloomberg
When you follow the money over the past week (source: Zero Hedge quoting Bank of America’s Michael Hartnett), you see that the crowd loves stocks and bonds). Investors are still piling into ETFs ($10 billion inflow) while selling managed mutual funds ($3.5 billion outflows). Bonds: $9.8 billion inflows (17 of 19 weeks inflows) Precious metals ($0.9 billion inflows (10 of 11 weeks inflow) Money Market: $3.6 billion outflows, the largest in seven weeks. Unless there is an unanticipated “black swan” event, the market is expected to trend higher until the November election. Conventional wisdom also says the Fed will not rock the boat until after the election (if at all). Billions of dollars are betting on this outcome. If you believe the sentiment indicators, however, the market is setting up for a major retreat. (“Yeah, yeah, we’ve heard that before,” many investors complain as they continue to buy at all-time highs.) What do you believe?
Here’s the safest place for your money with stocks at record highs - MarketWatch
Vox recently analyzed data from 35 years’ worth of wedding announcements in The New York Times, and found that “online” now ranks as the third most common way people meet — second only to “school” and “mutual friend.” In the older-than-40 age range, it creeps into the second spot. Even more remarkable than the speed with which such services became mainstream is our willingness to fess up: Maybe it wasn’t so much a meet cute as it was a photo swipe while sitting on the john. And you know what? Maybe there’s nothing wrong with that.
Tinder Will Look Quaint Next to the Future of Digital Dating | Digital Trends
Of the 30 fastest 100m times ever, nine – including the top three – are by Bolt. The other 21 were run by athletes who have tested positive at some point for doping.
Usain Bolt: the human race's ultimate speed freak | Sport | The Guardian