'Money has no motherland; financiers are without patriotism and without decency; their sole object is gain,' ' Napoleon Bonaparte.Today the Fed came into the Treasury market with less monetization than anticipated. Dealers were left as bagholders resulting in an 16 BP increase in the 10 year T-Note. Is the Fed being bipolar, or in...
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Obie Drinks the Kool Aid, What Would Shakespeare Say?
I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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