Bill Blain: “What Struck Me Is What A Monster Facebook Has Become”
by Bill Blain of Mint Partners
ZeroHedge.com
Thu, 03/22/2018
Blain’s Morning Porridge – March 22nd 2018
“Gybe: To shift suddenly and forcibly from one side to the other..”
Headwinds have become tailwinds, and Jay Powell opens his tenure at the FED by upgrading the outlook for the US Economy.
As a keen sailor, I have more than a passing interest in from where the wind is blowing. There are a number of things to bear in mind about tailwinds; i) they get you where you expect to go faster – meaning we shouldn’t neglect thinking about how this Goldilocks recovery ends.
And, ii) sailing downwind (ie tailwinds) can prove the most dangerous point of sail – things can go from smooth and stable to disaster in frighteningly short moments as a result of a sudden windshift causing a crash-gybe to flick the crew into the water, or the mast to come tumbling down. I’ve attached a photo showing just how bad tailwind sailing can go….
The Rest…HERE
