Random Thoughts: The Quiet Riot
What actions speak louder than words? Societal acrimony.I speak to alotta smart fund managers and market players. They're edgy frustrated angry tense and snappy. Why does that matter?Social mood and risk appetites invariably shape tapes.Adding to that dynamic I've noticed a lot more homelessness.On my seven block three avenue walk home from work yesterday I counted a dozen--12--beggars or cardboard box homes.That's in midtown Manhattan my friends--I can only imagine what it looks like is "less affluent" areas.In 2006 I spoke of "something entirely more depressing than a recession" at MIM3 in Vail.When I finished there was considerable consternation as my words ...
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