Epsilon Theory’s Latest: ‘The Fundamentals Are Sound’

The following piece is by Rusty Guinn as published over at Ben Hunt’s excellent Epsilon Theory You can follow Rusty and Ben on Twitter here and here, respectively. Cobb is right. It’s not impossible. When we are deep in our element as analysts of economies and issuers, we are supremely confident. We know the critical assumptions in our portfolios, models and projections cold. But when we apply ourselves to assessing what others’ views may be, with understanding what is ‘priced in