Nice write up florian. One comment re: Now, an orderly rise in long-term yields (“bear steepening”) is generally a positive sign, reflective of robust and accelerating economic growth.
With USD305 trillion nominal debt issued across private and public sectors, something of the order of three times global GDP, it's hard to see how we don't collapse into fiscal dominance. Politically, it seems the only way out that doesn't crush taxpayers for a generation.
the linked article is a painful read. Beyond reactionary catchwords such as "Globalist Cucks", just a whole lot of blabla. The only damn thing I could distill from it is that he is looking forward to profiting from volatility. In which way, using which approach? I guess he doesn't have to say, since he's obviously a superior human being.
great take, thank you!
Nice write up florian. One comment re: Now, an orderly rise in long-term yields (“bear steepening”) is generally a positive sign, reflective of robust and accelerating economic growth.
Think warren pies has a retweet of bear steepener and conditions ie. Early/late cycle and shape of curve. https://twitter.com/3f_research/status/1707127489896620181?s=46&t=R4O_767541fCUQqphF0PnA
Any thoughts there? This seems late cycle here with curve inverted
Thanks for this. Have more context on this topic here: https://www.nexteconomy.co/p/the-trillion-dollar-question
as always, great article...and thanks for the link to Kuppy’s outlook (scary!)...
With USD305 trillion nominal debt issued across private and public sectors, something of the order of three times global GDP, it's hard to see how we don't collapse into fiscal dominance. Politically, it seems the only way out that doesn't crush taxpayers for a generation.
the linked article is a painful read. Beyond reactionary catchwords such as "Globalist Cucks", just a whole lot of blabla. The only damn thing I could distill from it is that he is looking forward to profiting from volatility. In which way, using which approach? I guess he doesn't have to say, since he's obviously a superior human being.