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Some people ask me about my macroeconomic view. I am not a sophisticated chart geek and have a very simple take on the world:
Cash/USD is on the brink of negative rates and amidst unprecedented printing. Fiat as a store of value will be the sacrificial lamb used to slow the realisation of the greatest economic halt in history. @RaoulGMI https://www.google.com.hk/amp/s/www.bloomberg.com/amp/news/articles/2020-05-13/jpmorgan-says-benefit-of-negative-u-s-rate-might-outweigh-costs
Equity fund managers citing worst risk vs reward ever seen in equity markets as people can’t decide where the least-worse place to store wealth is, temporarily ignore fundamentals, and flock to big name equities in lieu of cash. https://www.google.com.hk/amp/s/finance.yahoo.com/amphtml/news/druckenmiller-says-risk-reward-stocks-205112811.html
PE multiples setting records while average company lifespan declining rapidly. https://www.google.com.hk/amp/s/www.cnbc.com/amp/2017/08/24/technology-killing-off-corporations-average-lifespan-of-company-under-20-years.html
USD denominated debt benefits from the “The Great Monetary Inflation” and combined bond buying policies, but are positioned at the end of a 100 year credit cycle, amidst record unemployment, and are natively exposed to fiat. @RayDalio
Emerging markets can’t print their way out of this. https://www.google.com.hk/amp/s/amp.ft.com/content/9e5bf9a8-83b7-11ea-b6e9-a94cffd1d9bf
Gold and many commodities are on the wrong side of time but will still function fractionally as well as they have in the past. Some are genuinely interesting, but nuanced and related to supply and demand dynamics of specific industries.
#Crypto isn’t propped up by traditional system leverage, continues on the path of exponential awareness and technological integration, amidst tightening supply dynamics, and while offering the financial freedom and inclusion valued by the new generation. https://www.google.com.hk/amp/s/www.theblockcrypto.com/amp/post/49451/bitcoin-more-popular-than-netflix-stock-among-millennials-gbtc-one-of-their-top-5-equity-holdings
