The Bear Traps report goes full inflation. The few missing facts include that it was Republicans that ravaged the US budget, no mention of China, no reference to vast deflationary forces. This is Australian extremism not analysis. Ironically, this contrarian is a great contrarian signal. Sell metals!
In 1787, with remarkable foresight, Scottish historian Alexander Tytler laid out his riveting vision focused on the historic life cycle of Democracies. All embraced in phases, he screamed-“from bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to complacency; from complacency to apathy; from apathy to dependence; and from dependence back into bondage.”
This tragedy takes place over about 300 years and we have most recently seen tragedy play out in Greece, Argentina, Venezuela, and Puerto Rico. Can MMT (Modern Monetary Theory) put off this raging storm coming at the United States? From a 30,000 foot macro view-looking out over the next decade, we still want to see clients overweight hard assets. The 2010-2020 era was all about being long financial assets, tech stocks, and bonds. The landscape ahead will shock the masses, we must be prepared for what is coming.
