In 1969 Johnny Carson was hosting The Tonight Show and, in one particular episode, Bob Hope headlined. After Carson finished interviewing Hope he called out his next guest, George Gobel. To everyone's surprise the person that walked out on stage was most certainly not Gobel. It was none other than the Italian Crooner himself, Dean Martin. Now, as was Martin's style in those days, he was already two cognacs into the next day's hangover, which made for a rocking good show. Eventually Gobel did make it out on to the set. When he finally did, he complained to Carson, 'Having to come on last! Having to share the stage with legends!'
He turned to the cameras and asked, "Do you ever get the feeling... do you ever get the feeling that the whole world was a tuxedo, and you were a pair of brown shoes?" In this, the 28th episode of Making Sense, Jeff Snider and Brent Johnson talk fin de siècle political-economy while Emil Kalinowski holds up a pair of egregious brown brogues.
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----------WHAT----------
OK, Bank Reserves; Let’s Do This One More Time: https://bit.ly/3hXhJ7m
Taking You, The Fed’s Bank Reserves, And Banks’ Checkable Deposits For A Quick Stroll In The Monetary Zoo: https://bit.ly/3i4du9P
A Good Time For Some Q & A: Bank Reserves, Treasury Auctions, MMT, and the Monetary Resolve: https://bit.ly/3mLPrjE
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
----------WHO----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments as Bob Hope. Brent Johnson, Chief Executive Officer of Santiago Capital as Dean Martin. And Emil Kalinowski, as George Gobel. Artwork by the Johnny Carson of caricature, David Parkins. Podcast intro/outro is "We Just Gotta (Get Together)" by Wanda Shakes at Epidemic Sound.