...the path will be volatile but selloffs are indeed dip-buying opportunities. It will end in tears at some point, maybe through political revolution or perhaps the collapse of fiat currency...
Central bankers, government officials and media collaborate to create data and policy to generate a pre-determined outcome for their benefit. They are in the ‘reality creation’ business...
The shallow and fleeting spike in U.S. and German yields yesterday shows that these haven bond markets are more concerned about near-term pandemic challenges than the putative economic boost from a potential vaccine.