Truth… Hurts!

Truth… Hurts!

Every once in a while the truth shines through and we got a few doses of it today. Recently critics who suggested that the Fed’s QE policies artificially elevate asset prices were dismissed as QE conspiracists, but the truth is that central bank policies are...
“In 2020, I Smell A Rat”

“In 2020, I Smell A Rat”

There have probably never been as many characteristics of a top as we are experiencing today… It is clear that it would have been a very hard sell a year ago that every single risk-on asset class from equities, to corporate bonds, to commodities would end up...