rcwhalen's blog

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Fed Tactical in Two Pictures

How do you think, Governor Powell, equity markets will react if Chair Yellen inverts the yield curve on her way out the door?

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Happy Black Monday (!)

Financial stability is now an entitlement, like defaulting on your home mortgage... 

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Quantitative Deflation

As the inexorable logic of base-ten arithmetic asserts itself once again, the rats will clamber onto the pieces of floating wreckage with the best view.