Marc Locher

“With combined massive fiscal expansion, central bank balance sheet expansion, and commercial bank balance sheet expansion there is a powder keg of pro-growth and pro-inflation monetary balances awaiting to explode in higher consumption sometime in 2021.” Russell Napier

“We now have a system of ownerless capitalism. The vast majority of our public companies are managed by autocratic executives who have very little ownership in their companies but operate them as if they were their sole proprietorships.” Boone Pickens, 1988

Saw some positive headlines this morning about TSA passenger numbers. Figured I'd check in on one of my favorite charts. The business traveler lines are unchanged.