"Though it seems like only yesterday, it’s been a decade since my former employer, Lehman Brothers, went bankrupt... In some ways, we seem much better off now - employment and asset prices are booming... But that only tells half the story..."
"US economic and equity market resilience - despite tariffs - will embolden the President on all geopolitical fronts – autos, NAFTA and particularly Iran – and thus risk a major miscalculation from sanctions that are tough to calibrate." - JPMorgan
"The business of buying weapons that takes place in the Pentagon is a corrupt business - ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do not want it changed."
"Volatility is always the failure of medium... the crumpling of a reality we thought we knew to a new truth. It is the moment where we learn that we are a fish living in a false reality called water...This is all you need to know to understand when the volatility storm will truly come..."