Thank You for Your Concern... And Your Unsolicited Financial Advice

To the many readers who reached out after noticing yesterday’s absence: thank you.

Your concern was noted. Your emails were read. Your unsolicited recommendations for “getting into cash” were not.

As some of you correctly speculated, I was briefly sidelined by a resurgence of chronic intertemporal fatigue disorder; a rare condition that primarily afflicts economists, retired fund managers, and anyone who’s attempted to explain the bond market to their in-laws. It flares up in periods of volatility, political theater, or when someone uses the term “passive income” in a podcast without flinching.

Symptoms include:

• Extreme skepticism

• Uncontrollable sighing

• Recurring visions of a normalized yield curve

• Mild existential data paralysis

Rest assured, I am recovering. Thanks in large part to tea, silence, and watching REITs underperform the S&P 500.

I appreciate your patience, and your support, and your entirely unnecessary suggestion that I “invest in wellness.” I’ve since shorted wellness. I will report back.

In the meantime, stay leveraged. Stay wrong. And stay subscribed.

~Dr. Alan Mercer
Editor, The Margin of Error
Patient Zero of Financial Realism