Small Businesses are highly unconfident… yet, bearish sentiment is nearly nonexistent.
Small Businesses are highly unconfident… yet, bearish sentiment is nearly nonexistent. Read More »
Core inflation
“Progress is impossible without change, and those who cannot change their minds cannot change anything.”
This past week we saw Q4 earnings reports. Jamie Dimon, the leader of the best-run bank in the world (an obvious bellwether for the economy), professes to be extremely worried about growth, employment, commercial real estate, the lagged effects of Fed tightening policy, deficits, geopolitical risk, and weak political leadership. He thinks the Fed should initiate more Quantitative Easing. I do not.
“We have met the enemy and he is us.”
60% of the Perry Capital portfolio yields 5.09% with principal guaranteed. I sold my short 25% Treasury
positions
lower.