Archives » Monetary Policy

Post-Fed
Follow-Up

Posted on June 22, 2017

I sat on the porch Listened to the rain Smoked a cigarette And counted to ten Oh no, here it comes again That funny feeling ― Camper Van Beethoven, Oh No! (1985) A quick post-Fed follow-up to “Tell My Horse”, the best-received Epsilon Theory note to date (thank you!). I’ll jump right into what I’ve got to […]

Essence of Decision

Posted on September 16, 2016

The essence of ultimate decision remains impenetrable to the observer — often, indeed, to the decider himself. ― John F. Kennedy (1917 – 1963) “The Manhattan Projects” by Jonathan Hickman and Nick Pitarra (©Image Comics) I have found that the best way to give advice to your children is to find out what they want […]

Magical Thinking

Posted on September 1, 2016

Duane Hall: Can I confess something? I tell you this as an artist, I think you’ll understand. Sometimes when I’m driving … on the road at night … I see two headlights coming toward me. Fast. I have this sudden impulse to turn the wheel quickly, head-on into the oncoming car. I can anticipate the […]

Crisis Actors and a Reichstag Fire

Posted on July 26, 2016

Man in Bar: Tomorrow, I’m gonna be a hero. Gideon: I’m sorry?  Man in Bar: You may just be a patsy, but you’re an important one. In fact, I don’t think I’ve ever met a bigger crisis actor than you before. … This is for our country! [Man in Bar shoots Gideon in neck, killing […]

When Narratives Go Bad

Posted on July 7, 2016

How many things served us yesterday as articles of faith, which today are fables for us? – Michel de Montaigne, The Complete Essays (1580) That same night, I wrote my first short story. It took me thirty minutes. It was a dark little tale about a man who found a magic cup and learned that […]

Waiting for Humpty Dumpty

Posted on June 24, 2016

Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again. Brexit is a Bear Stearns moment, not a Lehman moment. That’s not to diminish what’s happening (markets felt like death in March, 2008), but this isn’t the event to […]

Cat’s Cradle

Posted on June 21, 2016

“I’m not a drug salesman. I’m a writer.” “What makes you think a writer isn’t a drug salesman?”   “No wonder kids grow up crazy. A cat’s cradle is nothing but a bunch of X’s between somebody’s hands, and little kids look and look and look at all those X’s . . .” “And?” “No […]

Who’s Being Naïve, Kay?

Posted on May 24, 2016

All great literature is one of two stories: a man goes on a journey or a stranger comes to town. – Leo Tolstoy (1826 – 1910) Satan:    Dream other dreams, and better! – Mark Twain, “The Mysterious Stranger” (c. 1900) Twain spent 11 years writing his final novel, “The Mysterious Stranger”, but never finished it. […]