I had to think long and hard about what exactly to post today without insulting at least half my readership. As you know I have kept political discussions to a minimum as a rule here at Evil Speculator. First up it’s awfully distracting and secondly it rarely has any bearing on our core activities which mainly revolve around banking coin and surviving our extended swim in the mirky shark infested waters of the U.S. financial markets.
I’ve been tangentially following the news at a safe distance over the past week and frankly felt tempted to pinch myself every once in a while, just to make sure that I’m not just experiencing some surreal nightmare. And perhaps to take a shower just to be on the safe side. As a rule I have kept political discussions at a minimum here at Evil Speculator in order to stay on mission (i.e. banking coin) and to not pollute the discourse with emotionally charged exchanges. But the current train wreck over the latest allegations involving President-elect Trump and a supposed Russian sex trap involving urination was just too sweet to pass up. Probably not in the way you think [...]
After Yellen and Kuroda in one single day we’re now being treated to Draghi’s updated postulations on how to safe modern finance as we know it. Not a day to be active which is why I’m posting the second part of our little mini series on cognitive biases. Once again a PDF of the original draft by Endika Aboitiz, Jr. can be downloaded here. The first part received quite a bit of praise/approval but also some well founded criticism. And that’s fine – if we are starting to believe that we have all the answers then we probably just stepped into another mental trap. Let’s be reminded that looking in the mirror doesn’t guarantee you that [...]
Today and tomorrow we are being treated to a veritable triple whammy of central banker sponsored market perturbations. For an early sample of what to expect over the next two sessions look no further than the spasmodic whipsaw the USD/JPY just painted earlier this morning.