A Review Of Market & Macro Indicators

10 year yield and 2 year yield

LIBOR and TED are RISING!!!! We all gonna die!

libor and ted spread

I don’t want to make fun of things that should be indicating systemic stress. But I do want us not to panic and take the bait for every disaster in a continuum of Euro Crisis! → Fiscal Cliff! → Cyprus! → Greek Debt Meltdown! → Ukraine/Russia! → Bird Flu & Ebola! → NIRP! → Terror Attacks! → and drum roll please… BREXIT!!!!

The macro markets are high risk because they are being remotely managed, whether by Jawbone or action, by policy makers the world over who have abandoned any moorings to what we used to call sound theory and practice (in my opinion).

But we need to guard against the line of thinking that goes “wow, this is really screwed up, we are in deep trouble and this is gonna be really BEARISH!!!! That is not how markets tend to work, especially post-2011 with everything on hyper kinetic information overload. It is these very stresses that often help keep a bull mania climax in play.

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