cuff

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris address:

• Fed Fizzle
  • Even if/when the Fed decides to inject more liquidity, it's increasingly questionable whether that will have any real impact
• Europe's Choice: Uncertainty or Panic
  • The day of reckoning is approaching, but Europe is showing us we still have time left to act
• Crisis Fatigue
  • Don't deviate from your convictions. Just because something is taking longer than you expect doesn't mean it won't happen

The Fed disappointed the herd hoping for more QE (i.e., thin-air money printing) to be announced this week. Asset prices are drifting lower as a result, increasing the already-growing tension in world markets. Meanwhile the contagion in Europe seems to grow worse by the day. Even though it may feel tiring to stay ever-vigilant for a market dislocation, the risk is still worryingly high, so continue to remain on the defensive as best you're able.