The Monetary Abyss Stares Back and Asks Who’s Next?
We are at a critical moment in the history of politics and markets. Everyday the U.S. government stares into the fiscal and monetary abyss and chucks trillions in hoping that will be enough to finally fill it.
We stand by hoping that it will work to reflate markets collapsing from a catastrophic mispricing of assets. At least some of us do. I don’t.
I hope it fails and it’s because those inflated prices fuel the very global political order that is anathema to human advancement.