I have had very few original thoughts in my life, and cannot remember any that were not nonsensical. If there is any skill hiding in the dark recesses of my brain, it may have been the ability to identify good ideas from smart people and incorporate them into my Borg-like analytical framework. They tend to be bad mother*******, in a good way, with the fortitude to be heterodox and zig when others are zagging.
You have to appreciate Ronald Reagan's famous mantra that government is the problem and then nominating Alan Greenspan. This began an ever expansionary intrusion into markets made notorious by the "Don't Fight The Fed" guiding star principle. It's only getting worse. The pandemic hastened this. Maybe by end of the decade we will all be singing 'Don't Cry For Me Argentina"😭
Greenspan wetting his undies in 1987 was a seminal turning point. He showed some signs of backbone in 1994 but then completely tanked again in 1998 and there after. Having said that, suspect Japan and/or the EU may be ahead of us in the karaoke lineup!.
I have to say that I really enjoy your writing. Your writing helps me make sense of the complex, interactive pieces of financial markets. Like Yuval Harari helps explain key drivers of human behavior, Kayfabe helps explain key drivers of market behavior. I believe markets are a three-body problem, you can't predict the future with precision but you can make reasonable guesses based on Borg Brain models which inform where to look for emerging trends. Thank you for your work!
You have to appreciate Ronald Reagan's famous mantra that government is the problem and then nominating Alan Greenspan. This began an ever expansionary intrusion into markets made notorious by the "Don't Fight The Fed" guiding star principle. It's only getting worse. The pandemic hastened this. Maybe by end of the decade we will all be singing 'Don't Cry For Me Argentina"😭
Greenspan wetting his undies in 1987 was a seminal turning point. He showed some signs of backbone in 1994 but then completely tanked again in 1998 and there after. Having said that, suspect Japan and/or the EU may be ahead of us in the karaoke lineup!.
I have to say that I really enjoy your writing. Your writing helps me make sense of the complex, interactive pieces of financial markets. Like Yuval Harari helps explain key drivers of human behavior, Kayfabe helps explain key drivers of market behavior. I believe markets are a three-body problem, you can't predict the future with precision but you can make reasonable guesses based on Borg Brain models which inform where to look for emerging trends. Thank you for your work!
Thank you for the thoughtful and generous comment - very kind.