Saw this the other day. Largely agree. I think it's leaving out the milkshake aspect of the dollar but that will likely unravel as Asian pac strengthens.
I think there's still a period of higher inflation between here and there. If they raise rates, inflation happens from ♾ bailouts. If they lower rates, it happens from market rally.
No doubt that long term horizon is deflationary. Until they all capitulate to their losses though I think we'll see a lot of CBs caving to the size of the default. This pushes equity momentum back to the Bulls and we see things crack up until the credit crunch pulls it back underwater. Just my theory
Saw this the other day. Largely agree. I think it's leaving out the milkshake aspect of the dollar but that will likely unravel as Asian pac strengthens.
I think there's still a period of higher inflation between here and there. If they raise rates, inflation happens from ♾ bailouts. If they lower rates, it happens from market rally.
No doubt that long term horizon is deflationary. Until they all capitulate to their losses though I think we'll see a lot of CBs caving to the size of the default. This pushes equity momentum back to the Bulls and we see things crack up until the credit crunch pulls it back underwater. Just my theory