Dawn of Chaos, anyone? I ripped my conversation from Bloomberg last June when i was gripped by Dengue fever and it seemed to rhyme with recent grotesque events this year.
To repeat what i said in that paper ,which is available if you visit hughhendry.com, I warn you that it’s the febrile world of psychology and shifting expectations that matters more than the Fed and its reserve printing...
That it’s the mood of society that ultimately unleashes the inflationary genie from the bottle, not these huge inert central - banking reserves - nor BTC revaluing from zero to a trillion
Long rates have backed up from 60 basis points to 130. I think they could conceivable exceed 200 basis points. Those that love them dearly may be forced to lighten up. I don't think the trend is over but a final climax could be around the corner. Markets are malicious MFs
I practice these surreal, what could happen invented reality scenarios. The one gripping me at present is the party like it's 1919. The most important economic release of late for me was the results from the French cosmetics group, L'oreal.
They believe their business is going to BOOM and use the precedent following the end of Spanish flu. I can see it all around me in the Disneyland for adults that i call home, St Barts. When people escape the misery of confinement they're going to party and spend spend spend.
A mini boom but probably a fake boom...we'll see, remember, I'm a fantasist. I still maintain that US long rates will go negative. But first the wash-out for the true bond bulls - Jesus? Yeah, the guy with the beard. You know him? Sorry, never heard of him...what comes around...
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