Trader: We Are Living In A World Of “Consciously Derived Bubbles”

Understandably exhausted from a week of lambasting traders for their lack of empathy and general naïvety (see here, here, and here), former FX trader Richard Breslow took a minute to breathe on Friday. Eschewing the characteristic sarcasm and stinging indictments, Breslow used his final missive of the week as an opportunity to step back and look at where things stand. Think of the following as a kind of retroactive journey through this week's price action, but don't forget to note the no