Monthly Archives: January 2019

“Its not a war, Its a Pageant…” Wag The Dog in Venezuela?

UPDATED:  From the FT and per the below:  “The prices of Venezuela’s government bonds have jumped from about 23 cents on the dollar earlier this month to over 33 cents on Monday, while bonds issued by PDVSA, the state oil … Continue reading

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Pay No Attention to the Man Behind the Curtain!

Have sympathy for the Wizard of Oz. And for the Fed. People really really want to believe in a Wizard. In control. Keeping us safe. Every society carves out this lonely role role that someone must play – Wizard or … Continue reading

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When the Facts Change, Just Pretend They Haven’t…? QT.

One of my New Year’s resolutions is re-starting the blog. Little Bear is at 16 months, still a bundle of fun, and a bit less work. I’ll probably focus more on Economics/Markets, but range around as before. I am more … Continue reading

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