Hedge Fund CIO: "Markets Are Signaling An Inflationary Resolution For The $340 Trillion In Global Debt"

By Eric Peters, CIO of One River Asset Management

Investors and traders seem to be projecting patterns from 1999 onto today’s markets. Jeff Bezos joined the chorus this week, and he’s rich, so he should know, right? They see parallels and think history repeats. In some ways it often does. But in the boom that started with the Netscape IPO in Aug 1995 and ended in the summer of 2000, the price of gold went down. Over that 5yr period, the S&P nearly tripled, while gold prices fell 25%. It’s one of those inconvenient facts that are easy to set aside, ignore as an aberration, and carry on in ignorance.