The Fed Is Fuct Part 3
Investors like to focus on QE and QT, because of the belief that the quantity of money has an immediate effect on risk assets. In the same way, we like to focus on the Fed Funds Rate as the price of money also has a dramatic effect on risk assets. Oddly, we rarely focus on […]
When The Levee Breaks…
If it keeps on rainin’, levee’s goin’ to breakIf it keeps on rainin’, levee’s goin’ to breakWhen the levee breaks, I’ll have no place to stay. Mean old levee taught me to weep and moan, LordMean old levee taught me to weep and moanIt’s got what it takes to make a mountain man leave his […]