Hard Data -> Hard Assets
* The disconnect between financial market pricing and the incoming (and forward-looking) data on US employment, business capital expenditures, credit and
Macro
Volatility pre-empts risk, risk pre-empts opportunity.
(Northern) summer trading can be volatile with lower volume but when investors saw the ISM numbers last week, the Japanese
Macro
Where to Now, Part-2
Many aspects of markets and the economy have, in my view, all the characteristics of a slow moving train... wreck.
