I wanted to get a snapshot of this article because it truly represents where the banking cabal has brought us:
Submitted by Tyler Durden on 12/31/2014 - 15:28
Hendry's Eclectica Fund has had a great Q4 (up 3.3%, 4.0%, and 5.0% in
the last 3 months) despite portfolio risk being quadruple his 'old
normal'. How did he achieve this? He begins... "There are times when an investor has no choice but to behave as though he believes in things that don't necessarily exist.
For us, that means being willing to be long risk assets in the full
knowledge of two things: that those assets may have no qualitative
support; and second, that this is all going to end painfully. The good
news is that mankind clearly has the ability to suspend rational
judgment long and often... He who hangs on to truth has lost. The economic truth of today no longer offers me much solace; I am taking the blue pills now."
So That’s What Volatility Looks Like
4 days ago