A snowy hike and so much more.
Any questions? If so, please refer them to your favorite FinTwit pundit who will be happy to show you a chart he made on Excel that “disproves” all of the above.
Follow the red line…
“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”
“It has become progressively difficult to say something new.”
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
“This is the big one, Elizabeth!”
“There is no puzzle.”
So what do you do? There are no “good” answers.
Suspension of disbelief, on the other hand, implies an active effort on the part of the person or persons in question to avoid common sense in favor of a more convenient explanation of reality.
It was a good day for the “future.”
“It feels like yesterday will be as good as the news gets once investors start thinking about it.”
As a reminder, no one knows the answer to this yet. That’s how it works with things that are “unprecedented.”
“It looks like the ECB is managing a taper without a tantrum. For the first time in many meetings we got a truly different policy statement and one that seems to strike a pretty good balance between the hawks and the doves.”
“From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.”