Jan

11

Neil Peart, legendary drummer for Rush and a self described "Bleeding heart libertarian" died Tuesday from complications due to brain cancer. He was a friend of liberty and one of the best drummers in the world.

Pete Earle writes: 

This one hits home in a way that few others have. I had listened to their music since the early 1980s and seen them live 20, 25 times. Words and music that inspired and lifted me in every phase of my life. Neil was one of the good ones. Devastating.

Oct

2

What is the significance if any of recent money market stress and Fed actions?

Larry Williams writes: 

If it is a mini QE-4, as I suspect, bullish.

Peter Ringel writes: 

I had decreasing excess commercial bank reserves as bullish factor for equities, because it is an indicator of optimism.

People are less in cash and invest more and more in other assets.

Pete Earle writes: 

A colleague and I wrote an article about this two days back. "This is Not QE4, Yet"

Mr. Isomorphisms writes: 

If it's due to quarterly tax payments, why doesn't this happen every quarter?

Pete Earle replies:

It's not just because of taxes. Read the article.

Nov

28

The Prez was right with all his comments about Powell being hawkish and "not a little bit satisfied with Powell" and the markets all over the world gave everyone wealth. But now we shall have to hear about "succumbing" and "interference" and the inviolable "independence of the Fed being violated".

Pete Earle writes: 

Here is something I wrote a month or two back regarding the media assertion that the current President is conducting himself in manners vastly outside historical norms.

Oct

24

From Hamon's New York Stock Exchange Manual, 1865:

"Great gains usually alternate with great losses in this kind of business. One would think that jobbers would soon die of worry and anxiety, and often enough they are seen to be very 'down in the mouth'. But nature is kind, and fits the back to the burden, or rather most of these men have been born with the peculiar temperament of the speculator.

They have an extra amount of hopefulness, and get through life with more excitement, indeed, but hardly with less equanimity on the whole than other men engaged in trade."

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