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Monthly Archives: June 2021
Reality stalks a desensitized risk complex
Global capital is all in with record leverage on growth and inflation bets. But is the consensus confident, or have they just stopped thinking? Not only are households holding their highest exposure to equities since the March 2000 secular peak. … Continue reading
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Lacy Hunt explains inflation today, but deflation tomorrow
This presentation is well worth the 40-minute investment. The prices of the things we need to live — food, fuel, housing…pretty much EVERYTHING have suddenly exploded higher this year. After decades of relative price stability, are we about to see … Continue reading
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Risk off sentiment contagious in highly levered markets
Bitcoin is flirting with $32,000 this morning– -48% from February’s 63,000 peak and still some 250% above year-ago levels as China steps up its pledge to crack down on both asset speculation and its CO2 emissions. Some 65% of global … Continue reading
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