by Chris Gaffney
Daily Pfennig
Good morning. As has become our custom for the ‘infusion confusion’ Fridays we will start with a few comments from Frank:
Southampton, Bermuda – It has been a week of flat, both in the markets and in my geography. The past month in the mountains has all been between 7,000 and 11,000 feet with many pointy parts in between. Since Monday I’ve driven the plains of eastern Colorado, Kansas, and Missouri, then jumped on a plane to fly over 900 miles across the flat ocean to Bermuda where we are attending and supporting the Sovereign Society’s Total Wealth Symposium. From my desk out the window past the hotel buildings is a short strip of sand followed by the endless, uninterrupted ocean. It’s that monotony that must have made Bermuda seem like a paradise to early sailors looking for some fresh food and a break after setting out from Europe to North America.