Sunday, July 10, 2016

Distortion and Economic Hardship

Oh, a storm is threatening
My very life today
If I don't get some shelter
Oh, I'm gonna fade away
--The Rolling Stones

With the SPX once again tickling all time highs, it is sickening to ponder how much economic hardship that extant market distortions will bring down the road.

Indeed, there's a good argument to be made that much of the social unrest that we're currently witnessing is rooted in distortions wrought by interventionary monetary and fiscal policies.

Unfortunately, the pain felt thus far is like a pin prick compared to the torment headed our way.

position in SPX

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