RT @lisaabramowicz1: One of the most notable aspect of today's equity selloff is how little U.S. Treasury yields are moving. They're actual…
Alberto Gallo Wed 28 Oct 2020 18:17

Macro data & covid deterioration in the Eurozone increase pressure on @ecb @lagarde to act tomorrow. Options on the table, in order of effectiveness: - More PEPP/QE - Increase in TLTRO size/maturity/discount window - Forward guidance - Technical rate cut
Alberto Gallo Wed 28 Oct 2020 10:37

There's leaders promising to make their voters richer with lower taxes and higher stock prices. And then there's #Turkey. https://t.co/sS3E9GJFor
Alberto Gallo Tue 27 Oct 2020 07:11

RT @TonyTassell: The debt bubble legacy of economists Modigliani and Miller - @FT Markets Insight by @RobinWigg who argues their research l…
Alberto Gallo Mon 19 Oct 2020 06:58

RT @johnauthers: We may be witnessing the breakdown of modern portfolio theory , because we no longer have assets we can call "risk-free",…
Alberto Gallo Thu 15 Oct 2020 15:55

How it started: How it's going: #Austerity #QEinfinity https://t.co/xGIHXO93DV
Alberto Gallo Wed 14 Oct 2020 13:59

Sub-zero debt just hit a record for the year, over $1.6tn, as central banks absorb fiscal deficits and global debt issuance. #QEinfinity #YieldDesert https://t.co/DRuntj7kUk
Alberto Gallo Wed 14 Oct 2020 12:49

RT @markets: Rising public debt levels resulting from the pandemic shouldn’t be seen as a threat to the ECB’s independence, Executive Board…
Alberto Gallo Tue 13 Oct 2020 14:23

RT @lucas_chancel: «Why is Europe More Equal Than the US?» New work with @thomas_blncht & @amorygethin ? We show that European countries…
Alberto Gallo Sun 11 Oct 2020 10:41

Are bond markets pricing in a blue wave? @FT writes about the implications of helicopter money, saying the bond market is currently asleep. Link
Alberto Gallo Thu 08 Oct 2020 12:33

#Turkish lira getting close to 8 vs the Dollar, following S-400 testing and pro-conflict comments on Nagorno-Karabakh. Voters may believe propaganda, but markets aren't. #ErdominoEffect https://t.co/nx8Q3RtRBN
Alberto Gallo Thu 08 Oct 2020 08:38

'Safety trades' are no longer safe. Investors need to rethink portfolio construction via @ft @michaellachlan Link
Alberto Gallo Sun 04 Oct 2020 09:14

#Brexit and the Mnuchin-Pelosi negotiation on US stimulus appear to be both examples of paper tiger diplomacy. In both cases, the loudest side is the one who has most to lose, and that eventually will give up. https://t.co/NjDtlbsKwU
Alberto Gallo Fri 02 Oct 2020 16:13

#China's manufacturing and services PMIs shows the recession is already behind there, while Western countries are still struggling to contain the virus with mixed responses. https://t.co/mxrYEnR3t7
Alberto Gallo Wed 30 Sep 2020 06:30

How do you invest when yields are negative, volatility has large fat tails and risk-free and risky assets move in the same direction? We discuss this and more in our latest investor letter, The Anti-Bubble Portfolio. #SilverBullet #QEinfinity https://t.co/LMObC70Ric
Alberto Gallo Tue 29 Sep 2020 15:00

Last week's rate hike y #Turkey's central bank is already forgotten. Dollar/Lira breaks 7.80 today on geopolitical risks and deep economic imbalances. https://t.co/t9BeHtsDDX
Alberto Gallo Mon 28 Sep 2020 12:29

RT @ECMI_CEPS: ?"Is Europe’s #CMU now in sight?" Looking fwd to hearing the views from John Berrigan @EU_Finance, Verena Ross @ESMAComms,…
Alberto Gallo Thu 24 Sep 2020 12:20

As government debt becomes return-free, investors wonder if the 60/40 portfolio has a future - via @FT Link
Alberto Gallo Wed 23 Sep 2020 07:09

RT @VMRConstancio: Good news for Europe from Italy. The anti-European populists lost ground in the regional elections and the government is…
Alberto Gallo Tue 22 Sep 2020 12:28

*MOODY'S: TURKEY RELIANCE ON FX INCREASES RISKS OF A BOP CRISIS *MOODY'S: TURKEY ALMOST DEPLETED BUFFERS AGAINST A BOP CRISIS #ErdominoEffect https://t.co/s3XJh3E8ay
Alberto Gallo Mon 21 Sep 2020 12:27

#Turkish Lira depreciation accelerates as inflation exceeds expectations and private debt overhangs weigh on the economy. A lose-lose policy option lies ahead: hike rates to defend FX and face a credit crunch, or let the currency go and face the risk deposit flight from banks. https://t.co/TCq66dorQO
Alberto Gallo Fri 18 Sep 2020 14:54

RT @Atul_Gawande: What a scoop. In April, HHS and the USPS were set to mail five face masks to every US residence. Imagine the impact--live…
Alberto Gallo Fri 18 Sep 2020 14:34

"Inequality, lower social mobility hold back our economy. We don't have the tools address that. [...] We need prosperity to be shared. [...] Ultimately, these are issues for elected representatives." J. Powell, 16 September 2020
Alberto Gallo Wed 16 Sep 2020 19:06

*POWELL: MORE FISCAL SUPPORT IS LIKELY TO BE NEEDED #FederalReserve calls for more fiscal support: monetary policy alone cannot do all the heavy lifting - and it does contribute to dangerous #QEinfinity collateral effects, like asset bubbles and wealth inequality. https://t.co/ybrJS8WDe0
Alberto Gallo Wed 16 Sep 2020 18:56

Turkish Lira continues to weaken, despite attempts to control an overdue depreciation. Policy faces a lose-lose choice: tighten rates in a recession, crunching credit overhangs, or let the currency go and face higher inflation. #ErdominoEffect https://t.co/WcoA1Myk7g
Alberto Gallo Wed 16 Sep 2020 14:21