New Orleans

Operation 'Moron Overboard' Begins

"What gets me is seeing the stock markets make new record highs every other day, whether Puerto Rico is destroyed overnight or hundreds of people are shot in a Las Vegas parking lot - and notwithstanding the overall phony-baloney condition of the American economy, with half of the flyover population in an opiate daze..."

The Waiting Is The Hardest Part

"During the peaking process, the siren call to join the party is incredibly hard to resist. Waiting out the irrational exuberance leading up to a market top is painful. Profitable returns are everywhere. How can you turn down making such easy money? As Tom Petty sympathized: The waiting is the hardest part."

Bang For Your Buck? Mapping Where A Dollar Goes Furthest In America

"Go to any large, high-density city like New York or San Francisco, and you’ll notice a difference in costs immediately. The price you pay for groceries, dinner at the restaurant, filling up your tank, or even your daily coffee goes up substantially... While this effect on costs is most evident in cities, it’s actually present throughout the country."

Catastrophe Bonds Suffer Biggest Crash In History

Following the latest weekly remarking of the Swiss Re Cat Bond price return Index, the entire catastrophe bond sector saw broad-based liquidations last week on worries of Irma-related damages, and as a result was marked down by a record 16%, prompting many to ask if it's time to BTHD.