With Monday’s financial media blasting reports about the VIX collapse to levels not seen in 24 years, going all the way back to 1993, it is worth remembering that the near record low volatility collapse of 1993 did not end well either for stocks, or for bonds, with the great 1994 bond tantrum. Reminding us of that, and of broader implications for the cross-asset space, is SocGen’s Kit Juckes with his overnight note,...
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Submitted by Paul Craig Roberts, Vladimir PutinPresident of RussiaMoscow28 November 2016 Dear President Putin, Now that CIA agent Craig Timberg posing as a Washington Post reporter has blown my cover and exposed me as a Russian agent, I was wondering if I might ask you for a Russian passport and a bit of diplomatic cover, perhaps assistant press officer at the Russian embassy in Washington, until I can get out of the country. I saw that you gave a passport to Steven Seagal, so I am hopeful...
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