Image: Tyranny
Via the great cartoonist Michael P. Rameriz
Via the great cartoonist Michael P. Rameriz
A “very very long and difficult process”
“One of the only places that uncertainty about the future can get expressed is in the equity market”
We are approaching a long term inflection point that will define the coming decades
John Atkinson Grimshaw (1836-1893)
Since the Fed’s balance sheet stopped expanding four weeks ago, the face-melting rally in stocks has flattened out completely
Circa 1900
A sobering view into where we may be headed
In the 21st century, at least one supertall skyscraper has been completed every year
Money printing, deficit spending, borrowing, and stimulus…