Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.

Thursday, September 13, 2012

Phil Purcell, old Morgan Stanley

Talking with the zombies on CNBC this morning he mentioned that half of a trillion dollars came out of Morgan Stanley retail accounts and went into fixed income over the last year or two. 

Think of that.     Long term, the survival rate for anyone in fixed income assets  will be near zero.

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