The rules are simple: they lie to us, we know they’re lying, they know we know they’re lying but they keep lying anyway, and we keep pretending to believe them. - - Elena Gorokhova, A Mountain of Crumbs: A Memoir THIS is our pundit class: Get ready to bail out Pimco again!
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There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is…
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Forty-two national emergencies right now in the U.S., not counting today's market drop.
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Dishonest money begets dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest means, dishonest objectives, dishonest…
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It's not Fuchs.
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Yes, it is.
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"I'm pretty disappointed with reality right now." - Bennett Tomlin October 8, 2020: The Most Dovish Fed in History Is on a Mission to Spur Inflation…
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Livestream of the Federal Reserve fighting inflation...Watch now (9 sec) |
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A Havenstein Moment.