Don’t get sucked in.
“Luck, prosperity, and wealth.”
Someone thought it was a good idea to send Thomas Friedman to Riyadh to interview Mohammed bin Salman…
Obviously, nothing could go wrong here.
“That agreement has been terminated, the four people said.”
“But how ironic would it be, if the instrument that was the hands-down winner during the last crisis, ended up causing the next crisis because too many people were short it?”
Meanwhile, across the pond…
“…this is very bad news for the stock market.”
“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”
“Today’s post is an important one. I might have put Grandma in the trunk, but the coming struggle between generations is no laughing matter. It very well might end up being the defining theme for financial markets in coming decades.”
Well, what can you say?
The thing about wizards is they are “never late, nor are they early.” Rather, “they arrive precisely when they mean to.”
“We’re not going to have a real conversation here — can’t you just tell the president that he is brilliant and say we’re losing … the connection and then hang up?”
Jamie Dimon is a gangster. You’d do well to remember that.
Happy Thanksgiving, America!