Volatility is back and that’s ‘not a bad thing’.
Continue reading Volatility Is Back And That Is Not A Bad Thing
All posts by Daniel Lacalle
Addicted to Monetary Laughing Gas
“One thing I’m sure of, I’m in the deep freeze, cold turkey has got me on the run,” John Lennon.
After more than 20 trillion dollars of incorrectly-called “stimulus”, the addiction to monetary laughing gas has generated what a predictable, and generalized, drop in stocks and risky assets. Predictable as it was, it caught many of us – I included- by surprise because financial repression leads us to chase momentum on the evidence that prices surpass even the most aggressive analysis.
What Is Happening With Oil? (Real Vision TV)
See this short clip of my interview on the Oil and Commodity market.
We discuss:
- What has Changed in Fundamentals
- The Impact of Monetary Policy
- The Long Term Trend
Corrections Happen. Trend Is Unchanged
Macro indicators and the earnings season continue to support risky assets. The “no-normalization” conducted by central banks is also supportive, as they remain behind the curve.