Crazy Eddie Is INSANE

Jon Banking, Blogosphere, Economy, Fiscal Policies, Market Commentary

For a long time now, I’ve held the theory that you have to be completely insane to be a successful investor. Like, right out of your tree.
Let me put it this way: Just a few weeks ago we were all sure, 100% positive that the US dollar would continue to appreciate against the euro, because the Fed was more hawkish, and the ECB was going to have negative rates and QE forever.
In this town, your luck can change just that quickly.
Now people are not so sure. What changed?
Well, there have been a bunch of Fed speakers, and none of them sounded like raising rates was particularly urgent1.
There also has been a backlash building in Europe about zero/negative rates and how they are destroying savings.
Plus, inflation is starting to ramp, especially in Germany.

This post was published at Mauldin Economics on JANUARY 19, 2017.