Today’s post will have no answers. I am not sure anyone truly understands the strange day to day squiggles of the increasingly intertwined global financial system, but I wanted to highlight a relationship that cannot simply be monkeys typing Shakespeare.
Let’s start with the market developments over the past couple of days. Last week ended on a trading holiday, with markets closed for Good Friday. Weirdly, the U. S. Federal Government does not take the day off. With Wall Street deserted, there were a bunch of economic releases that shit the bed. Yup, they were not good.
I took the liberty of lifting a couple of charts from ZeroHedge that sum up the extent of the economic miss:
This post was published at Zero Hedge on Apr 17, 2017.
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