“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.”
“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.”
Well, what can you say?
Ok, well there were some notable headlines to start the week…
“This mechanism of market functioning is a manifestation of systemic causation.”
You can’t make this shit up!
“It has become progressively difficult to say something new.”
“So when you ask what the big risk is, the answer is”…
So what do you do? There are no “good” answers.
With Yellen, Fischer, and now Dudley gone (or leaving), the three most influential policy makers are all headed for greener pastures…
And that, folks, is the week.
TRUMP IS SAID TO HAVE PICKED POWELL AS FED CHAIR: WSJ
Thursday is now the “big day.”
See you in December.