"...the markets want an even bigger commitment. Again, you’ve got a bunch of drug addicts that need more drugs than the drugs that they already have..."
Markets have run into trouble in September and 3 major problems have emerged and unless these problems are solved, markets may have to contend with the distinct possibility of having topped for now...
it is a bubble. And like all bubbles in human history, it will pop. And there will be no happy ending. No need to be a rock-star physicist to understand that.
Altogether, another solid if not spectacular auction, with the most notable feature being that the bigger the auction size, the lower Treasury yields drop.
...our central banks still have the chutzpah to pretend that this bloated, creaky, groaning, blatantly self-serving edifice is called 'capitalism', rather than say 'crony capitalism' or 'central planning without a plan'...
"For good competition and good decision making you need good information and one of areas in SPAC space I'm particularly focused on is incentives and compensation to the SPAC sponsors."
"We think it is now clear that Congress will not attach additional fiscal stimulus to the continuing resolution.... We are lowering our Q4 GDP growth forecast from 6% to 3% on a quarterly annualized basis."
The trick is surviving and staying afloat: to avoid being caught on the lee shores of default, to be drawn onto the rocks by the siren-songs of the mer-unicorns, or to be left high and dry on the sandbars of bursting bubbles...
"legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments."
