When wonks go rogue
“..The iron convention observed by almost everyone in showbiz: no matter which way you vote in private, you must always pretend in public that…
Generation Snowflake clobbered, again
“Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High” – Headline from The Daily Caller. “Experts who can guide…
Investing through the Looking Glass
“Winners of the 2017 American civil war will go on to face the winners of the 2017 British civil war in the final” – …
Turn those machines back off !
“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC. That gives me the…
Don’t mention the V.A.R!
“Arriving late, Porter slips in the last row behind Danny. PORTER (whispers) Bear Stearns issued a press release denying rumours of liquidity…
Ease this
“There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive…
Investment sanity, shot through the heart
“Protip: When someone uses the term ‘hoarding’ instead of ‘saving’, it means deep down they believe that others are more entitled to your money…
The mass escape from reality
“..Built into the speculative episode is the euphoria, the mass escape from reality, that excludes any serious contemplation of the true nature of what…
The crack-up boom has already begun
“Negative interest rates are not the fault of central banks” Martin Wolf column for the Financial Times of 12 April, 2016. From ‘Human…
A crisis of intervention
“For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away…