Quote of the Day

I agree with Kevin Muir, strategist with East West Investment Management, in a recent Real Vision interview with regard to the real-world efficacy of yet more monetary stimulus (which is on its way a little later today):

"Trying to solve your problems with more and more monetary stimulus is absolute madness, and to make a portfolio based upon that continuing is very dangerous. Because, when it turns, it'll turn quickly and we'll be surprised at how fast that mantra disappears."

That last sentence speaks to our experience the last go round (2008)...