Is A Minsky-esque Moment Coming?

The weekly Market Update is posted and includes the following;

In several previous weekly updates we have talked about volatility in political headlines increasing but not being matched by equity market volatility as measured by the CBOE Volatility Index. In addition to the above mentioned volatility in the slope of the yield curve, WTI has become more volatile as measured by the VIX for crude oil which can be tracked through symbol OVX. Since March 1st it has increased 19% while the VIX has declined 26%, closing last week at 9.51.

Please click through to read the entire update.

The rear of a Type 4 engine that I believe is from the Tonto National Forest in Arizona. Forest Service trucks usually are usually numbered with a state abbreviation like AZ or CA, then a three letter code for the forest like TNF in the picture and then the engine number. This one doesn’t have a state identifier.

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Type 6 engine from Lolo National Forest in Montana

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Panoramic of the staging area behind our fire house for the structure protection group assigned to Walker during the Goodwin Fire.

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