Jorma

I had to look it up too. https://www.reuters.com/business/fitch-says-possible-china-evergrande-default-may-have-broader-effects-2021-09-15/

News is no match for $100bn, give or take.

What we need is some good background music. https://www.youtube.com/watch?v=BX3bN5YeiQs&ab_channel=GoldenApple✔

What's the Covid situation in Poland Lee? They have had almost the exact same mortality rate as the US and their majority party is rightest with a large Trumpy fascist faction. Well I suppose it's easy to tune out local politics but the Covid situation is important. Even if the chance of getting really sick for the vaccinated is low it isn't zero. Is mask use common or is opposition to masks and vaccination a pretty big deal there?

Buy!

The Fed's Jackson confab is virtual this year. Did you get an invite Lee?

The market is like Secretariat around the far turn at Belmont.

Reporting from the top of the range.

Remember. No discouraging words.

I would say the Fed's losing control of the long end is a big deal. I mean I think they don't want this. I am sure it will start to occur to people that if interest rates don't have anything to do with inflation then something isn't right. It does not compute. Not with the standard model. Well actually nobody really gives a shit. Now anyway.

I'm headed out to the range right now. Deer, antelope, the whole 9 yards.

Stampede is over. Time for a nap.

http://creditbubblebulletin.blogspot.com/2021/07/weekly-commentary-beijing-flinches.html

The Chinese market had a bad week Japan and HK too. An X factor to keep in the back of ones mind. They beauty of Friday is by the afternoon all that can be forgotten as everywhere else is closed.