Ray sees what I see. There is too much liquidity in liquidity, too much of a safety premium in safety.

ICYMI

My friend Carl Richards (of Behavior Gap fame) went to town on the idea that rich people should have super-complicated investing strategies this week at the New York Times. There’s something about people that drives them in search of the magic beans no matter what facts, science and statistics you at their feet. Sometimes they…

This is an amazing story from Charlie Gasparino at Fox Biz: UBS is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as “aggressive” investors following a recent change in its market outlook that some people inside the firm say reflects growing bearishness in the bond market,…

This morning the Dow Jones Industrial Average hit 14,000 for the first time since October 17, 2007. The last time we got to 14,000 it was thanks to the explosive growth of infrastructure building and commodity consumption in the emerging markets along with a peaking credit bubble – the likes of which the world had…

It seems the goddamned Keynesian central planners at the Fed, along with their accomplices in the Welfare Conspiracy Committee what runs the White House, simply will not rest until they ruin America, kill Christmas and take away our freedom. Yet another example: this morning the BLS reported a jump of 157,000 new – and potentially…