What a journey
The financial crisis was raging and the world was being reshaped. I can’t even begin recount all the things that have changed in the world since then.
It has been a fun ride though and for a guy who enjoys reading the news every day and is just trying to understand the world, there’s no place I’d rather be.
At the moment, we’re at one of the great fundamental inflection points in generations. It’s a great experiment in fiscal and monetary stimulus up against a long-term disinflationary trend. If it’s inflationary, we’re headed for a collision with higher rates and a pop in the great bond bubble. If it doesn’t end up causing inflation, what’s to stop from even more fiscal and monetary stimulus?
Eventually the paradigm will break, and I hope to be here to witness it.
What are your trades for now and for later?