"Keeping your organization simple is not simple, but it is very important." Robert Kierlin (The founder of Fastenal)
"the more simple anything is, the less liable it is to be disordered…" - Thomas Paine in Common Sense
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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U.S. yields start the day lower, with the 2Y down 4bps back at 5% and the 10Y down 6bps at 4.26%, both back to where they were pre-SVB (reme...
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We spend endless time debating the Fed’s neutral rate. Much less time asking whether the government can afford it. Enter Fiscal r-star : t...
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Yesterday the FOMC: Held their policy rate at 5.25-5.50% Raised their growth and inflation projections while keeping their median 2024 proj...
Edward Quince's Wisdom Bites: Low Ego
Nas closes his masterclass with a lesson on temperament: “The liquidity is high, but the ego is low / Light years ahead of where the paper u...
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