The Market Ticker - Bye Beetlejuice And Cheap Money

Goodnight Lori.

In a multi-way race Lori came in third, and thus is no longer in the game.  Her time in Chicago is over.  Good riddance; its not that there is and always will be crime in a large city (there will) it is that it spread everywhere and therefore there’s no “gang-bangers corner” so to speak anymore.  This destroys the revenue base on which any city must operate as those “nice” places where lots of money gets spent and the patrons come both disappear.  After all nobody wants to get shot while having a few drinks or a swanky steak dinner.

Then there’s Kashkari, who I infamously dubbed cash-and-carry during the 08 mess.  Now he suddenly finds religion on rates and liquidity; gee, what was it about the previous time around…….

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