, 10 tweets, 3 min read
What happens if the bond bears are wrong and the shock is not a sharp rise in yields, but instead a fall in yields so far yet unimagined. How about -4% in US 2 years?
And maybe, just maybe, that is consistent with a total and complete breakdown of the Commodity Index i.e. a deflationary breakdown?
And what happens if that was consistent with the breakdown in the EU banks?
And maybe, just possibly, the chart of the US banks versus the SPX is telling the same story?
And even the Japanese banks too...
Could it be that the gold chart versus 27 currencies is consistent with this story of deflationary collapse?
Or even the potential trend break of a 60 year bull market in EM equities?
Could it be that this is all to do with the dollar breaking out versus all the Asian currencies, in the biggest technical break in the history of FX markets? (Chart lower = $ higher).
Or might the break higher in the Fed Trade Weighted Dollar Index mean something equally big?
Sure, this could all be a coincidence. I wouldn't bet on that.

Yes, I know...Raoul is such a scaremonger (I mean didn't he call doom in 2012? Idiot!).

Frankly, I don't care what the snarks think.

This is a reality. Maybe it is THE reality.

Bonds. Dollars. Gold. Bitcoin.
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Raoul Pal

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!