Rough road ahead, fasten your seatbelts and don’t take risks.
How to safely navigate the “Year of Instability”.
By Adam Taggart and cross-posted from Peak Prosperity.
As the first month of the year concludes, it’s becoming clear that 2019 will be a very different kind of year.
The near-decade of ‘recovery’ following the Great Financial Crisis enjoyed a stability and tranquility that suddenly evaporated at the end of 2018.
Here in 2019, instability reigns.
The world’s central banks are absolutely panicking. After last year’s bursting of the Everything Bubble, their coordinated plans for Quantitative Tightening have been summarily thrown out the window. Suddenly, no chairman can prove himself too dovish.
Jerome Powell, the supposed hardliner among them, completely capitulated in the wake of the recent -15% tantrum in stocks, which, as Sven Henrich colorfully quipped, proved what we suspected all along:
The global tsunami of liquidity (i.e. thin-air money printing) released by the central banking cartel has been…
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