"HSBC has become as yesterday as Deutsche Bank."
"... the Powers That Be have been working on this for well nearly a decade."
"Europe is broke. Its bond market is non-functional under a negative interest rate regime."
"Rappelle son opposition de principe à toute perspective qui aboutirait à réserver un sort spécifique à la question de la pêche, sous la forme d’un « Brexit » sectoriel, dont les premières victimes ne manqueraient pas d’être les pêcheurs de l’Union..."
"Stocks are overvalued, trillions in sovereign debt trade with negative interest rates, corporate credit, both investment grade, and high yield seem to trade with far more risk than return, and so on. However, as investors, we must ask, can we dig through this muck and find the pony in the room."