It's that time of year again...
When angry mobs of Americans trample one another for the very last Victoria's Secret thong [4], when the world over-indulges, over-consumes, and over-stimulates... And of course...
It's the time of year when Wall Street's best paid and brightest are forced to admit their utter cluelessness...
[5]
As Reuters shows, [6] the last two years have been extremely embarrassing for the so-called professionals...
Of course, blame-mongery will be rife:
- Weather was so 2014 (although El Nino is bound to crop up in more than a few memes this year)
- Port Strikes were "the new black" in 2015
So, what will the excuse be this year - since there is no way anyone could blame The Fed?
[7]
Charts: Bloomberg
