TSP & Vanguard Smart Investor Posts

TSP Smart: The Market is Risk Deaf

While a Federal Reserve Chairman communicating in a balanced way seems appropriate, the problem lies in the fact the financial markets today are not balanced. The Market only hears what it wants to hear and that is that the Fed is about to save it once again.

Part III: The Unfolding

In particular, I fear concurrent crises of confidence in policymaking and market structure. De-risking/deleveraging will feed illiquidity and market dislocation. Global derivatives markets will be severely tested.