And So Ends The Worst Year In Modern History

With many markets shut for New Year's Eve, the world closed the book Thursday on what will rightly be remembered as one of the worst years in modern history. But the story for asset prices was a tale written by central banks, something former Lehman trader Mark Cudmore emphasized. "“Don’t fight the Fed' is a market adage every trader learns early in their career. It has much greater meaning than ever before," Cudmore said. "As central bankers became increasingly unable to influence inflati

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19 thoughts on “And So Ends The Worst Year In Modern History

    1. I have an autobiography. Or at least the first 4 chapters of one.

      Finishing it and releasing it is another matter.

      I do plan to do so at some point. It reads a lot like the opening vignette from this post:

      If you like the first 8 paragraphs of that (and the last several paragraphs) you’d like the autobiography.

      Incidentally, I have an entire line of sweaters and shirts based on the first part of that post ready to launch to celebrate the New Year.

      Hopefully, those will be available within in the next 48 hours.

        1. The merchandise is already here, in case you missed it:

          Those are the initial 7 designs, and you can get those now.

          What’s coming either tomorrow or, at the latest, over the weekend, are two whole “collections” (if you will) called “Cheers” and “Signal.”

          Just drop me an e-mail if you want to be notified when those are available. The other stuff (from that link above) is already available.

      1. Dr. H, you should go for it. I imagine it sort of as if Denis Johnson was incongruously embedded in the heart of the complex global capitalist system during its apogee, and then epic decline and fall. Like the original memoirist, Duc de Saint-Simon, it might later be read as a clear thinking refraction of a defining period of history, assuming humanity survives this millennium.

  1. Raised by writers or, more specifically by books, I have been saddened by the steep fall in the quality of writing in this age of the internet.
    It’s like seeing one’s parents entering dementia.
    If I was grateful to this site for nothing more than it’s coherent and correctly spelled writing it would be enough.
    The sane voice and interesting content makes it great. As if I’ve found an uncle in the family who didn’t get the disease.
    Thanks much and Happy New Year.

  2. Reread the post from January 25th 2020 and it ‘s comments and it is well worth the time as twelve years have gone by since the GFC and context is everything in what we discuss on this blog.. We all had reactions to the goings on at that time and they reflect to a large part life experiences which differ… The usual A+ for literary stile is warranted . Hope you don’t tire doing what you do as most all your readers find unusual benefit.. Happy New Year !

  3. Your headline was especially fitting for me because my wife of 54 years died last year on this date at the hour I write this. I guess I got an early start on the Plague Year (no diary yet). Speaking of that, I would really like to read your bio. I suspect it will describe an interesting journey.

    All the best for a better new year. In a time of so much fake news I tend to think of you as a latter day Diogenes, one of the few honest men of whom I am aware.

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