As the press builds up the second coming of Janet at Jackson Hole today (“The Oracle speaks at 10!!). The ECB’s Draghi will be layin’ it all down at 2:30! Stay tuned. What will the great magicians propose next.
A client sent me this link today to a Vera Lynn song he remembers as popular after World War II. For me the song expresses a rather eerily naive sentiment for after the war, and for our present times as well. Here is a direct audio link.
Meanwhile the fruit of central bank handiwork: serial asset bubbles, massive malinvestment, destructive capital incentives and ominous systemic risk continue to rot the global economy from the inside out.
But I know, let’s not let facts get in the way today…All eyes on Janet.
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