U.S. NOV. CORE CONSUMER PRICES RISE 1.7% Y/Y; EST. 1.8%
But the survey wasn’t all rainbows and sunshine.
A snowy hike and so much more.
Follow the red line…
Ok, look: if you’re still hungover from a combination of turkey, greasy mashed potatoes, and copious amounts of not-quite-top-shelf red wine, it’s time to snap out of it because last week is melting into this week as tends to happen historically on Sundays.
Obviously, nothing could go wrong here.
“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?
Maybe you heard and maybe you didn’t, but Goldman’s got themselves some trade ideas for 2018 they want to tell you about, ok?
“This is the big one, Elizabeth!”
“There is no puzzle.”
“So when you ask what the big risk is, the answer is”…
“The risk is that the market is hugely vulnerable if it hears a distant bark, let alone feels its bite.”
What’s implicit there is that if the dynamics that “saved” the fiat regime were to reverse course, well then the untethered system could face an existential crisis.
As usual, the docket is full and the risks are multiplying.