Finally a reasonable take on the market. Everyone is talking about how there's a new macro playbook but they forget governments are more and more intervening and they won't risk a political collapse before risking an economic one after a seriously big post-COVID melt-up!
Thanks for the kind words Hugo. I mean, I do agree with a lot of those discussions on the new playbook emerging - Zoltan, Mehrling, others .. I don’t think these things happen in isolation. Holding a basket of currencies versus just the dollar is something that does look imminent - Zoltan.
Finally a reasonable take on the market. Everyone is talking about how there's a new macro playbook but they forget governments are more and more intervening and they won't risk a political collapse before risking an economic one after a seriously big post-COVID melt-up!
Thanks for the kind words Hugo. I mean, I do agree with a lot of those discussions on the new playbook emerging - Zoltan, Mehrling, others .. I don’t think these things happen in isolation. Holding a basket of currencies versus just the dollar is something that does look imminent - Zoltan.