Eric Peters of One River Asset Management writes one of my favorite weekly newsletters. Every Sunday he sends out a thought-provoking commentary on the markets.
It seems that going forward, Eric will publish his notes on LinkedIn. You can read this week's note here:
From this week's note, on the Fed, China and America's looming pension crisis:
Private II: “Let me get this straight,” said the private sector, collecting its composure. “You’ve got this thing called China, and you don’t understand that?” The governors nodded. “And you’ve got this other thing which is my pension liability, and you’re not modelling that?” Each nodded. “And I’m supposed to have confidence in Fed policies?” asked the private sector. The governors put down their crayons, lifted their dot plots, displaying them proudly. And the private sector quietly started selling its assets to buy Amazon stock, which has none of these problems.