How complacent are markets?
Well, the average VIX level in January was the third lowest in history…
(Goldman)
Risk Management In A Nonsense World
One of the myriad confounding factors in what's been variously billed as the "Great Inflation…
Why Nobody Will Tell You The Truth
Often, by the end of a given week, I'm exhausted with pretensions to concern about…
The Big Benefits Question
To say there's considerable debate about the extent to which enhanced unemployment benefits are holding…
The Blank Check Rant
It's nice to see some initiative, but I'll admit to being a bit annoyed when…
Who Are America’s Real ‘Lazy Freeloaders?’
I've variously argued that to the extent imbalances in the labor market are the result…
Give Up. You Can’t Prevent Market Manias
If you read any decent history of speculative manias ("bubbles," as it were), you'll discover…
It’s all good no aliens here, can’t say as much for Antarctica.