The bubble caused by a decade of easy money started to burst last year.
Go look at a stock chart from the last 1Y and you’ll see that the sky has started to fall, and had been falling from just after 1Y and has a long long way to go.
Until inflation is under control and fed tightening stops, housing, equities, and bonds will continue to fall in price. This week almost saw a catastrophic run on the pound and UK gilts and US bonds are flashing warning signs.
The crash started last year and continues with mathematical certainty until the fed pivots.
The bubble caused by a decade of easy money started to burst last year.
Go look at a stock chart from the last 1Y and you’ll see that the sky has started to fall, and had been falling from just after 1Y and has a long long way to go.
Until inflation is under control and fed tightening stops, housing, equities, and bonds will continue to fall in price. This week almost saw a catastrophic run on the pound and UK gilts and US bonds are flashing warning signs.
The crash started last year and continues with mathematical certainty until the fed pivots.