article thumbnail

VIX "Too Disjointed to Calculate a Value"; Panic Grips Emerging Markets; Biggest VIX Jump on Record

MishTalk

The benchmark -- called the CBOE Emerging Markets ETF Volatility Index -- more than tripled as trading began at 9:30 a.m. The selloff in developing nations took a turn for the worse on Monday as Chinese equities fell the most since 2007. in New York. The measure jumped 44 percent to 47.88 at 11:03 a.m in the biggest gain on record.

article thumbnail

Pain Trade, Treasury Bears, Margin Calls

MishTalk

Also your article Stock Buybacks Peaked With Stock Market in 2007: History About to Repeat? Primary dealers had the biggest short position on benchmark government notes at the beginning of the month since June 2013. Hi Mish I was thinking that margin calls would be made after today and could pull the market down further by Friday.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

MishTalk

from 2003 to 2007 – Singapore currently has a ballooning credit bubble that is helping to drive economic growth and create an illusion of prosperity. Ultra-low interest rates are the primary reason why credit bubbles inflate in the first place, and Singapore’s bubble is no exception to this pattern. dollar-Singapore dollar exchange rate.

article thumbnail

Brews, News and Booz & Company: Interview and Culture Insights

Management Consulted

Marc Gerencser, managing director, noted in 2007 that returning to being a private firm allowed Booz & Company to make long-range investments that they may not have otherwise been able to make. In 2007, they had 150,000 applicants apply to 1,033 open positions. Even 30 years later, staff and partners applauded the choice.

article thumbnail

Argentinian Peso in Massive Slide; Argentina’s Bonds Decline on Plan to Offer Local-Law Swap

MishTalk

The country’s benchmark restructured bonds due in 2033 fell 2.58 Peso vs. US Dollar Since late 2007, the peso has fallen from 3.02 District Judge Thomas Griesa that a swap would be illegal. He has said the nation must pay $1.5 cents to 80.16 cents on the dollar as of 11:47 a.m. in New York, the lowest level since June 19.

Banking 72
article thumbnail

Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game

MishTalk

In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. Just like 2007, very few people even recognize bubble exist. ECB president Mario Draghi said: "We have to dispense with this idea of deflation. The question is - is there deflation? The answer is no." in December.

article thumbnail

Jeremy Grantham 1999, Jeremy Grantham Today: "Over Next Seven Years, Market Will have Negative Returns"

MishTalk

We produced pretty good numbers, but they’re way behind the benchmark. This bubble is in a rare class with 1929, 2000, and 2007. And that’s precisely what we did in ’98 and ’99. We didn’t dance long enough and got out of the growth stocks completely, and underperformed. And we were fired in droves.