‘Run Screaming For The Hills’: Presenting The Fallacy Of Disaggregation

“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.”


Grandma Is In Trouble.

“Today’s post is an important one. I might have put Grandma in the trunk, but the coming struggle between generations is no laughing matter. It very well might end up being the defining theme for financial markets in coming decades.”

Phew, That’s Over – Now Go Get Drunk.

Well, what can you say?

Into The Wild Blue Yonder.

Ok, well there were some notable headlines to start the week…

The Incredible Shrinking Playground

“This mechanism of market functioning is a manifestation of systemic causation.”

Here Is What Goldman Sees For The Economy And Fed Hikes In 2018

Crystal ball.

You Can’t Make This Up

You can’t make this shit up!

‘Rational Exuberance’ – Which Is An Oxymoron

“It has become progressively difficult to say something new.”

Booms Don’t Die Of Old Age, They Are ‘Murdered’ By The Fed

“So when you ask what the big risk is, the answer is”…

‘Spaced Out’: Don’t Bring A Knife To A Gunfight.

So what do you do? There are no “good” answers.

Bill Dudley To Annouce Retirement: CNBC

With Yellen, Fischer, and now Dudley gone (or leaving), the three most influential policy makers are all headed for greener pastures…

‘Do Something!’

And that, folks, is the week.

Trump Picks Jerome Powell For Fed: WSJ


Check Back Tomorrow.

Thursday is now the “big day.”

Fed On Hold: Highlights, Red Line Statement

See you in December.