Preferred stock is sending a warning signal.
Major bank: Australian dollar is back, baby!
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Goldman with the note. AUD: Back to the beta. Rising equity prices have
been the primary driver of easier financial conditions this year, despite a
brief...
Well the narrative has finally changed. The fundamentals in all sectors across the planet have been horrible for years now, especially in the past few months, but last week seems to have been the time that the narrative has finally changed.
ReplyDeleteI think Ben Hunt's article on blue eye / green eye is relevant.
http://www.salientpartners.com/epsilontheory/post/2014/05/25/When-Does-the-Story-Break
Also for DB: http://vignette2.wikia.nocookie.net/adventuretimewithfinnandjake/images/1/14/Boy-that-escalated-quickly.jpg/revision/latest?cb=20120922113943