Equity market volatility and inflation expectations are the most significant positive correlation we've seen in decades. This is unmistakably stagflationary. Although the chart below doesn't extend as far back, a similar phenomenon occurred in 1973-1974 as markets faced difficulties whenever inflation reaccelerated. This is especially pertinent now, with energy prices, agricultural commodities, precious metals, copper, global freight costs, and other inflation indicators showing significant resurgence.
@TaviCosta Markets are sensing the loss of monetary policy effectiveness and the last gasp use of fiscal policy to keep the credit bubble ship afloat.
@TaviCosta It’s gonna get even worse, buy gold before it’s too late
@TaviCosta Music to my ears. My entire portfolio is parked up in gold, silver and oil.
@TaviCosta x.com/steve_hanke/st… Caro conterrâneo, ql seu argumento contra a tese dele? Big fan here, btw
@TaviCosta x.com/steve_hanke/st… Caro conterrâneo, ql seu argumento contra a tese dele? Big fan here, btw
@TaviCosta Everything except gold silver resemble 70s. We dont believe metals sorry.
@TaviCosta @otaviocosta3982 I see the market crashing and only countries back by gold/assets will survive.
@TaviCosta what do you think about small caps USA? Rusell 2000...
@TaviCosta Similar and different :the intensity of Middle East conflicts is not as high as before, the Vietnam War has just ended, and now the Russia-Ukraine conflict is ongoing. OPEC is not as united as before, and the US is now the world’s largest oil exporter. new energy iterations &AI