"... as long as central banks are pulling the strings, the formation of trends will be challenged."
http://www.zerohedge.com/news/2018-06-27/curse-convexity-how-central-banks-crushed-trend-followers
Had to look that one up LOL
Convexity is a measure of the curvature or 2nd derivative of how the price of a bond varies with interest rate, i.e. how the duration of a bond changes as the interest rate changes. Specifically, one assumes that the interest rate is constant across the life of the bond and that changes in interest rates occur evenly. Using these assumptions, duration can be formulated as the first derivative of the price function of the bond with respect to the interest rate in question.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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