“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.
By the time you finish reading this article, some six hundred people from all over the world