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Thursday, 07 January 2016 09:00

I Was Finally Wrong on My Macro Call... By a Week! Featured

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For those who have been waiting for me to admit that I was wrong, here we go. On January 14, 2015 I forecasted a US and global market crash for the year 2015. Oh well, the crash started (and is still marching on) the 5th of January, 2016. I was a week off. My Bad! I also said that rates will not be materially raised. Yellen put 25 bp in, and all hell started breaking loose shortly thereafter. Of course, there are already plans to postpone the rate increases and even revert them into deeper NIRP... Yep!

A picture is worth a thosand words (1,100 words if you use Calibri font, 2,000 words for you hedgies, since I know those of you who don't follow me were levered up).

1-7-2016 CNBC front page 

1-7-2016 Bloomberg front page

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