The optimists are in control
This is such a good macro letter. Better than 90% of the dead-serious ones I've seen.
Kick ass charts and analysis Brent. I’ll be buying the almanac with my next paycheque.
Thanks vm. Have a fun weekend!
I ordered the almanac earlier this week. Looks like a great addition for my desk!
I need some help to understand the point that the hard landing after the 2004-2006 tightening cycle is not due to Fed.
Low and rising interest environment encouraged excessive risk taking; the excessive risk taking was primarily in the reality sector in that cycle.
This is such a good macro letter. Better than 90% of the dead-serious ones I've seen.
Kick ass charts and analysis Brent. I’ll be buying the almanac with my next paycheque.
Thanks vm. Have a fun weekend!
I ordered the almanac earlier this week. Looks like a great addition for my desk!
I need some help to understand the point that the hard landing after the 2004-2006 tightening cycle is not due to Fed.
Low and rising interest environment encouraged excessive risk taking; the excessive risk taking was primarily in the reality sector in that cycle.