What is your take on an emerging perfect storm and spiral of USD assets getting sold by foreigners due to falling USD and equities, part of US retirees get out of their equities due to uncertainty and a weaker economy because of declining asset wealth and anti-inflationary policies? Wouldn't this send us into a recession?
Thanks Peter. Somehow this seems orderly, telegraphed, and hedged by professionals.
As you note: “Credit spreads are finally responding to equity weakness but not as much as you’d expect.”
When credit cracks and cascades, truth is revealed.
Number Go Up :) http://www.sca.isr.umich.edu/files/tbcpx1px5.pdf
https://open.substack.com/pub/peterboockvar/p/yes-politics-are-an-influence-here?r=1z5qli&utm_medium=ios
What is your take on an emerging perfect storm and spiral of USD assets getting sold by foreigners due to falling USD and equities, part of US retirees get out of their equities due to uncertainty and a weaker economy because of declining asset wealth and anti-inflationary policies? Wouldn't this send us into a recession?