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Guidance Quote of the day
He alone is free who lives with free consent under the entire guidance of reason.
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
This pool is a triumph of imagination. That's how you win at life, Gin. You have to imagine your way through. Never say something can't be done. There's always a solution, even if it's weird.
When you are in neutral, you are completely open to whatever information needs to come through at that time for the highest good. We simply can’t be neutral if our emotions get in the way.