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ZH readers: can’t we pre-rescue the banks….I mean they shouldn’t miss a bonus

Posted by Richard640 @ 10:34 on June 8, 2018  

Goldman Urges “De-Risking Strategies In Stocks” As Credit Tumbles

by Tyler Durden
It’s deja vu all over again in the US (and European) capital markets as credit markets have dramatically diverged weaker (as stocks extended gains, ignoring every risk that is thrown at them), just as we saw in January, before the February reality check… and Goldman is worried.
Over the past month, US Investment Grade credit has steadily underperformed its corresponding equities, punctuated by a significant credit widening yesterday. Despite CDX IG 5Y widening 3bps yesterday afternoon to 67bps, there was little SPX reaction and only a modest rise in the VIX.
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It’s a fiat currency fractional reserve “mark to fantasy” world folks…

…meanwhile in the real world you must have real resources and consumable calories if you want to do or make real shit.

Oddly enough it’s the useless paper-pushing fucks in banking and finance that are still being overcompensated…
Oh well…
“Full Faith and Credit”
same as it ever was!
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venturen Fri, 06/08/2018 – 09:31  Permalink

can’t we pre-rescue the banks….I mean they shouldn’t miss a bonus

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.