Fast Facts

WSE Exclusives

Must Reads

Wall Street Is One Sick Puppy—–Thanks To Even Sicker Central Banks

Untitled

Last Wednesday the markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads—James Dullard of St Louis—-mumbled incoherently about a possible QE extension, causing the robo-traders to erupt with buy orders. By the end of the…

In Uncharted Waters

Untitled

What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends.A long-time reader recently chastised me for using too many maybe’s in my forecasts. The criticism is valid,…