Author Archives
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Gradually Transitioning to Suddenly
How does one go broke? Well, it’s famously stated as “gradually then suddenly”. Suddenly is feeling increasingly imminent.
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Unbelievable
I have no expectations that markets behave normally during war – trade or military. And with midterms less than seven months away, the administration will undoubtedly pull out all the pro-Bubble stops.
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Waking Up to Reality Will Be Painful
Repeating a fundamental point, it is sudden fear for perceived safe “money” – as opposed to risky loans/instruments – that is the domain of panics and financial crises.