"I’ve got news for you," warns Bloomberg's Richard Breslow, the world is a complicated place and getting more so, not less...
This is not your happy, some would say mind-numbing, environment where the only thing that ultimately mattered was blind faith in the global commitment of central banks to “do whatever it takes”. It will not serve investors well to fall back on analysis by reductio ad simplicate.
In a CNBC interview today with San Fransicko's Fed Williams, we heard several things that have been repeated ad nauseam by the establishment elite.
Asian stocks rose, led by Hong Kong, while European shares and U.S. equity-index futures are little changed. Euro, yen climb as the dollar posted an unexpected loss following some serious fireworks out of China, which intervened in funding market to crush offshore Yuan shorts.
Top news stories include Macy’s and Kohl’s cutting their outlook after weak holiday season, Deutsche Bank exploring lending money to PE firms buying distressed loans, Apple planning to invest $1b in SoftBank’s new technology fund.
Submitted by Mark Spitznagel via The Mises Institute,
Submitted by Mish Shedlock of MishTalk
The Fed released Minutes of the December 13-14, 2016 FOMC Meeting today.
Let’s dive into the minutes to dissect the amount of Fed uncertainty.