10Y fed fomc S&P 500

Strategist: Go To The Party But For God’s Sake, “Know Where The Nearest Exit Is”

"There’s certainly no guarantee that the party stops any time soon. Maybe I am just a grumpy macro man, but even when attending the party, I am going to make sure I know where the nearest exits are located."

"There’s certainly no guarantee that the party stops any time soon. Maybe I am just a grumpy macro man, but even when attending the party, I am going to make sure I know where the nearest exits are located."
This content has been archived. Log in or Subscribe for full access to thousands of archived articles.

1 comment on “Strategist: Go To The Party But For God’s Sake, “Know Where The Nearest Exit Is”

  1. David Marilley

    What spooks me is the consistent message from the FED is that they wish things had recovered on Main St. and that their tools are guaranteed to work eventually. That attitude is encapsulated in the word “transitory”. It feels like there is no model here, just heuristics. To me, recent Bernanke interviews, and his supportive comments coupled with acknowledging counter points, while not addressing sums ip everything. Not normalizing is an admission of failure. At the same time, the global financial system has the capability through Eurodollar etc. to perhaps support economic activity without all these artificial methodologies. The juxtaposition of financial repression and stimulus limited to financial markets is really all that we see. And with China becoming like a spa where many different things bubble up here and there, we really don’t have a coherent global financial system. Have we just been keeping the people whose judgment could greatly undermine confidence happy by pumping up there portfolios. It reminds me of Chicago’s DOES ANYBODY REALLY KNOW WHAT TIME IT IS?

Speak On It

Skip to toolbar