The Trump Rally pushed ahead relentlessly through a summer full of high omens and great disasters, all which it swatted off like flies. Even so, all was not perfect in the market as nerves began to jitter midsummer beneath the surface even among the most longtime bulls. Wall Street’s fear gauge (the CBOE Volatility Index) lifted […]
- http://static.safehaven.com/authors/merk/25263.png Illustrated "Balance Sheet" and the importance of being earnest (via fellow BOE bankstas): https://www.reuters.com/article/britain-boe-sharp/bank-of-englands-sharp-warns-against-illusion-about-public-debt-idUSL8N1O06UN
- from Powell the new Fed Head: "Shrinking the balance sheet should have a limited impact. (“The shrinkage of the Fed’s…