After an extremely profitable first quarter I think most of you would agree that I have more than earned myself a little vacation. And boy do I need one as I have been feeling myself running on depleting reserves over the past few weeks. Yes, even the Mole is only human (sort of). Also, beyond the polished facade and daily evil deeds there had been a lot happening behind the scenes, some of which I have no doubt Scott will be talking about as he’ll be filling in during my two week absence. And may I just say – are you in for a rare treat ladies and leeches!
No matter where you stand politically and what you may think of President Donald Trump, you’ve got to admit that he’s a pure breed optimist. And just maybe, despite all the media poison and the political infighting, it is that very sense of good old fashioned American can-do optimism that continues to fuel the flames of the Saturn V mega rocket that has propelled equity markets to all time highs with apparently no end in sight.
It is Friedrich Nietzsche who we attribute to having said that ‘the higher we soar, the smaller we appear to those who cannot fly.’ He actually went on to coin several other flight related quotes, but as ole’ Friedrich kicked the bucket in late 1900 I doubt that he actually ever boarded anything resembling a real aircraft. Because had he done that he would invariably have rephrased it to ‘the higher we soar, the smaller appear the ones [on the ground] who cannot fly.’
Clearly and rather understandably being a product of his time Nietzsche contemplated flight from the perspective of an earth bound observer. Because I can tell you from [...]
Once again I am seeing a lot of bad comedy trickling out of the Federal Reserve, and in particular preceding FOMC rate decisions or announcements. A salient example scrolled across my twitter feed just moments ago with Jeff Lacker allegedly having stated that the Fed should raise rates sooner rather than later. Apparently Mr. Lacker is once again engaging in the verbal equivalent of smashing pumpkins, given that chairwoman Janet Yellen is scheduled to speak today as well as tomorrow and will most certainly continue the FOMC’s dovish course. In particular as President Trump has continuously highlighted a strong belief in a weaker Dollar.