Trader: “The World’s A Scary Place,” But That’s Always Been The Case

Former FX trader Richard Breslow is out with his daily missive and it's a rambling (in a good-ish way) trip across assets and markets. As regular readers know, Breslow is great at tying everything together in 6-10 well-crafted bullet points. But while Tuesday's note certainly gets an "A" for effort, it might be a little too ambitious to be completely coherent. This one's got everything from black swans, to Fed reaction function musings, to commodities commentary, to OAT-bund spreads, to overc