Jack the Pipper

Ugh…just when it looked safe to short the euro for all its worth, Mr. Market draws a line in the sand at 1.40, and optimism over another bailout reigns down on the bears. Ouch! We ignore Willy at our peril.

I was thinking how nice it would be to have an investment position distribution machine as powerful as Goldman Sachs. Besides the fact they see many of the positions of other traders in so many different markets thanks to their lofty perch, they can also rely on Bloomberg, CNBC, and The Wall Street Journal to help them unload and/or drive up the value of their inventory.

The Organization for Economic Cooperation and Development. Here we are debating whether or not the Federal Reserve will follow the departure of QE with the commencement of QE3 or something similar.

If you have kids or parents, you understand all too well that you can run from your genetics but you can’t hide. It seems portfolio managers who preach the good news of diversification have neither kids nor parents, which might explain a whole lot about their behavior.

My apologies to Casey, but his quote above seems a fitting analogy for what is playing out in the eurozone.

I was listening to a Reuters interview with David Bloom of HSBC where he revisited an idea he said was already recently posed on Reuters

I guess planning crops has become rather tough when you can’t predict whether a rainfall will bring 6 inches or 60 inches. Actually, I know nothing about the rainfall amounts of monsoons – I stopped trying to predict them long ago for obvious reasons.

Keynesian economics are known for encouraging government and public sector involvement to help smooth out rough patches in the business cycle. In the wake of the 2008 financial crisis, central bankers and global policy-makers adopted a Keynesian tilt in their responses.

We are told Germany is booming. If so, why aren’t its consumers happier? We are told by analysts the US economy is growing and global growth is on track, and likely to weather any surprises.

Have the deflationists not heard about quantitative easing? What about the Fed’s printing presses? What about rising commodity prices? What about the collapsing US dollar?