The Golden Road
Updated
“There are specific identifiers that are entirely recognizable during the bubble’s inflation. One hallmark of mania is the rapid rise in the incidence and complexity of fraud….”
― Michael Lewis, The Big Short: Inside the Doomsday Machine
The road to inflation is a choppy one. The benchmark is up over 60% since the march lows. The fed continues to assure us that the reflation trade is on and the market is responding.
Jan 20th will see the start to a new presidential cycle and that is where we'll be watching...
Note
And it continuesNote
Bam
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