Nice... "incontinent monetary policies" = "a isht-load of liquidity... that was largely (totally?!!) un-necessary.
Continue to wait for the eventual reckoning that will wreak havoc on the top five or six or seven equities driving the market. Gold and Income producing stuff looking even better as this unfolds. Thanks; as usual, much food for thought.
Interesting that on one hand banks are suffering from loading long term treasuries and another note claims the Fed didn't issue enough. Debt financing at this level s a scrounge
Nice... "incontinent monetary policies" = "a isht-load of liquidity... that was largely (totally?!!) un-necessary.
Continue to wait for the eventual reckoning that will wreak havoc on the top five or six or seven equities driving the market. Gold and Income producing stuff looking even better as this unfolds. Thanks; as usual, much food for thought.
Interesting that on one hand banks are suffering from loading long term treasuries and another note claims the Fed didn't issue enough. Debt financing at this level s a scrounge
Excellent as always. Thanks David.
Hey, did you happen to listen to this pod with luke gromen? Love to hear your thoughts on first 10 minutes. Have a great weekend!
https://podcasts.apple.com/us/podcast/on-the-margin/id1558223079?i=1000614293150