"For gaslighting really to work, the gaslighter either has to be in such a position of power that he can completely control the victim's surroundings or in such a position of authority that the victim cannot imagine doubting what he says. Those days are gone."
Today, Bulgarians strongly support the currency board and oppose dumping the lev for the euro. After all, the currency board is the most prized post-communist institution in Bulgaria. It has delivered stability. And while stability might not be everything, everything is nothing without stability.
After a day of conference calls with investors, Goldman's newly-hired quant Rocky Fishman has assembled the most frequently asked questions that are relevant for trading dynamics in the VIX and equities in the coming days.
"Concerns about financial imbalances might also rise. Asset valuations in some areas have risen to high levels by historical standards. And there are now some signs of speculative behavior in financial markets... Fed officials are therefore likely to view further easing of financial conditions as increasingly undesirable..."