Sanguine about the near term but concerned about future trends

The line that sticks out for me from my last post in re-reading it went something like this: "So, now I am in the uncomfortable position of being relatively sanguine about the near term but concerned about future trends." I want to expand on that today and tell you why that makes me uncomfortable.

The known unknowns

I am going to start with one of my favo…

This post is for paying subscribers