Ray Dalio made some comments about the ineffectiveness of quantitative easing in terms of restarting the economy. I largely agree with the premise. Until the helicopter money part. From Jenn Ablan’s story at Reuters: “Monetary Policy 3” or MP3 will have to be directed at spenders more than at investors and savers, he said. Dalio,…

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The New York Fed sought to answer the question about whether or not fire sales of mutual funds could represent a systemic risk to our financial system.

Here are two doors you can walk through:

Goldman Sachs strategist Jeff Currie came out with a report explaining why systemic risk fears are overblown.

We spend a lot of time and energy on client communication because we think investors stand a better chance if they understand exactly what’s happening in the markets, in the economy and in their portfolios. It’s not that we think the news of the day is so important (we don’t) or that we think market activity…

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