Instability in the Markets
I believe inflationary policies from all the major central banks – and governments more generally – have unleashed a period of acute instability.
Recent Posts
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TSP Smart: Doug Noland’s Opposite Day
Currency crises are destabilizing and horrible. The current setup is the most alarming I’ve witnessed during my career. It’s not today unreasonable to contemplate China stockpiling gold and commodities ahead of a currency devaluation.
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Risk Off
Despite close calls Saturday night and again on Thursday night, we at least made it through the week avoiding “the start of WW3.” I’m afraid the same cannot be said for the beginning of WW2D (World-Wide De-Risking/Deleveraging).