Market Thoughts – How About Secular Complacency ?
The noisy minority continues to bleat … “secular stagnation”, “complacency”, crash, crash, crash is coming. “secular stagnation” was brought up by Larry Summers in December last year and I have been quite a… Continue reading
Ad Hoc Commentary – Yellen honeymoon ends
byCan we have a show of hands? Who believes the official unemployment numbers? Who believes the official inflation rate? Who believes that a group of very intelligent individuals uses the above to determine… Continue reading →