Daily Note – Waving Stability Goodbye!

Waving Goodbye PlaneSummary

  • Forces for stability have gone out the window!
  • Where do true valuations lie?
  • Eurozone: France finally tackling its labour problems?
  • United States: Durable Goods accelerate in July

Good morning,

We are yo-yoing around and few will really wager on where we go next. The forces for stability are out – interest rate cuts in China, postponed hikes in the US, Chinese QE of sorts and likely more Eurozone QE ahead. Yet things are still jittery because with so much leverage and financial engineering out there already, no one is really too sure where true valuations lie.  We all know one thing, when we are losing money we lie, first to ourselves and then to everyone else!

So it’s hard to take anything at face value.

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GlobalMacro360 Daliy Note 27th August 2015

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