Wednesday, June 26, 2013

A Little Turbulence

Bernanke's taper has thrown the cat among the pigeons.

Italy showing signs of creaking. Need to watch that one. Doesn't seem to be on the MSM radar.
Runctions in Chinese interbank market. Need to watch that one also. Canary in a coalmine.
Indian rupee getting jack-hammered. Brazilian real getting similar treatment.
Japan acting very unhinged or is that deranged.
High yield, emerging market, and investment grade bonds waxed. Carry traded not being carried.
Social unrest in Turkey and Brazil. Where did that come from.

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