(Black) Swan Lake
Duck, duck, swan.
Duck, duck, swan.
I think that gets it backwards.
Everyone’s favorite steroid-using market genius (not named Nassim Nicholas Taleb) is getting in on the crypto craze at exactly the right time! You know, like he did with gold.
The market’s verdict was as follows.
“The name of the thing being sold isn’t always a very good representation of what the thing is, sometimes for innocent reasons, and sometimes because crunchy, raw, unboned, real, dead frog doesn’t sound very appetizing.”
Cryptos were already on the back foot Tuesday, so things probably didn’t need to get any worse, but they just did anyway.
How many times have we said it? Almost everyone needs an exchange.Â
The “revolution” has seen better days.
Holiday road.
“I worry that there’s going to be a kind of band-wagoning.”
“We don’t get to say that “it’s OK†not to understand what moves markets, because every day we are all making bets that say we do.”
“In a financial world characterized by central bank front running and put issuing, being a swine has been acceptable behavior. You can play the part and not get slapped. However, as we start to seriously contemplate tapering or, dare I say it, normalizing, the risk becomes that the great passel of hogs does meet their prophesized fate and gets butchered.”
“Central Banks are printing money out of thin air and buying stocks with it. Stop a moment and really take that in.”
You might be wondering why Saudi Arabia seemingly gave Qatar the Fredo Corleone treatment on Monday.
There’s a logic to Trump that you can only get if you look at Trump
If you’re a political scientist, there’s not a whole lot to like about a Donald
“So what would it take to upset this perfect equilibrium? Something the market is not expecting, something completely out of left field, an unknown unknown”…
“Build the border wall and eventually make Mexico”….
“But however sanguine your base case is for the outcome, the shock risks are real here and now, as well as from what any of the outcomes will imply.”
We have another Heisenberg “protip” for readers: when you read “analysis” of Mideast affairs, you
“He has made himself the stooge, the mark, for every crazy blogger, political quack, racial theorist, foreign leader or nutcase peddling a story that he might repackage to his benefit as a tweet, an appointment, an executive order or a policy.”
Is the Le Pen “tail risk” becoming more tail risk-ish?
I don’t know if you’ve noticed, but the alt-Right can’t seem to make up its mind lately…
“I know who you are, just wait.”
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