“If all else fails, immortality can always be assured by spectacular error.” 

John Kenneth Galbraith

By this measure, the Federal Reserve is already amongst the immortals.

Oh, well done.

The economic news came in weakly this morning.

The ‘tax reform' discussion on CNBC this afternoon was almost surreal in its detachment from economic reality. 

After the bell Deutsche Bank reported that it would be taking a $7 billion loss on writedowns.

Earnings will start coming in after the bell on Thursday.

Have a pleasant evening.