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1914 is the New Black

Posted on June 29, 2015

Man in Black: All right. Where is the poison? The battle of wits has begun. It ends when you decide and we both drink, and find out who is right … and who is dead. – “The Princess Bride” (1987)  Time is a game played beautifully by children. – Heraclitus of Ephesus (535 – 475 […]

7 Quick Points on Europe

Posted on January 26, 2015

#1) Here are the most relevant recent notes for an Epsilon Theory perspective on the underlying political and market risks in Europe: “The Red King” (July 14, 2014) and “Now There’s Something You Don’t See Every Day, Chauncey” (Dec. 16, 2014). #2) Markets reacted positively to last Thursday’s announcement because Draghi doubled the amount of QE that he […]

Now There’s Something You Don’t See Every Day, Chauncey

Posted on December 16, 2014

Narrator: Well, today we find our heroes flying along smoothly… Rocket J. Squirrel: Flying along smoothly? Bullwinkle J. Moose: You’re just looking at the picture sideways! Rocket J. Squirrel: Actually it’s like this! Narrator: Oh… OH GOOD HEAVENS! Today we find our heroes plunging straight down toward disaster at supersonic speed! Bullwinkle J. Moose: That’s […]