4th December 2018
FED’s Bad Santa
For the last few years, the Fed has been on a largely pre-set well-telegraphed course of hikes putting the Fed in the bad camp for risk assets, particularly of late.
In our office, we have switched from Secret Santa to Bad Santa. In Bad Santa, each member of the office draws a number from a hat. The lowest number then starts by picking and opening a present from a pile of wrapped presents. The next lowest number has the choice to either take the present of the person preceding them or pick from the random pile. As the game goes on, the people with the higher numbers have options on all preceding presents which should, in theory, leave the highest number with the best or most suited present …