“Borrow today and repay later†logic carries an implicit bet on the future. Without an optimistic outlook on the future, there is no lending or borrowing. Debt links the present and the future in a circular way: A prosperous future cannot happen without the present, and the present cannot take off without a belief in (better) future. In this way, the very concept of the future undergoes a transformation in capitalism: It no longer represents a timeline we experience, but a concept we envision.”
Day: June 3, 2017
Goldman On Trump: “Prospects Have Deteriorated Much More Than We Would Have Imagined”
“Most recent presidents have been able to enact at least one key piece of legislation in their first year, and occasionally two or three before their first midterm election. This year, it appears unlikely that any of the Administration’s key legislative priorities will be enacted by the fall, and it looks increasingly doubtful that any will be enacted in the first year.”
As Short Interest Jumps And Outflows Rise, Bill Blain Warns: “The Amount Of Passive Money Is Scary”
“The liquidity implications of the amount of cash tied up in ETFs are dimly understood. The amount of passive money is scary. Folks might just want it back sometime.”
Alex Jones Will Pay You $1,000 To Buy A “CNN Is ISIS” Shirt From Him & Wear It On TV
“We want you to win and do not want to create a bunch of boring rules.” But there’s a bonus if you shout “Infowars.com”
Deutsche Bank: “Path Of Least Resistance” Is For Everything To Rally
“The conclusion is that the Fed can’t do a lot that appears credible to the market. The path of least resistance is therefore a soggy dollar, low yields and robust equities.”
Guest Post: China Holds The Key To The Financial Future
“Everything’s ok and all the doom and gloom has dissipated, hasn’t it?”
Paris Accord Satire: “Earth Is A Loser Planet – Maybe The Worst In The Solar System”
“Earth is a terrible, very bad planet,†he told the White House press corps. “It’s maybe the worst planet in the solar system, and it’s far from the biggest.â€
Mutual Funds Versus Hedge Funds: Where They Agree And Disagree
Recently, I wrote some stuff about hedge funds and mutual funds. If that’s the kind
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