Good morning!
If you look at the total (capitalization of stocks + bonds), we are now witnessing the largest destruction of wealth in history in dollar terms and the second largest in terms of GDP.
@WifeyAlpha A couple years ago advisors would have said 60/40 is all you need for the next 20 years. Now it is hard for me to imagine how the world will change until 2042(!) What will the Geopolitical situation and position of the USD be? At that point I’ll have 3 girls in their 20s (!)
Good Morning from Germany where financial repression is not easing. Although nominal yields have risen to almost 2%, #inflation has also increased to 10.4%. Real yields (Avg Bund yields-inflation) at -7.9%, still near All Time Low. Real yields now NEGATIVE for 78 consecutive mths
Goldman: U.S. CEO sentiment is an anti-record. Worse than during the 2008 financial crisis.
But you keep on buying and believing the predictions about tothemoon. You're smarter than all those CEOs.
The reason the U.S. has a lower #inflation rate than most of Europe is the relative strength of the #dollar. But dollar strength doesn't result from anything the U.S. has done right, but what other nations have done wrong. When the dollar rally ends, higher U.S. inflation begins.
Santiment notes the high degree of capitulation in BTC and ETH last Friday - traders were pouring into the market at the most active rate in almost 5 months.