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SWN - VelocityShares 3x Long Natural Gas ETN Headed Into Retirement
Southwestern Energy Company
If everybody indexed, the only word you could use is chaos, catastrophe… The markets would fail."
- John Bogle, May 2017
I will go to my grave... believing that really loose monetary policy greatly contributed to the Financial Crisis. There were obviously problems with regulation, but when we had a 1% Fed Funds rate in 2003 after, to me, it was pretty obvious that the economy had turned (up) and I think the economy was growing at 7% to 9% nominal in the fourth quarter of 2003 and that wasn't enough for the Fed. They