Macro Tourist: ‘You’re Doing This All Wrong’

Macro Tourist: ‘You’re Doing This All Wrong’

Read more from The Macro Tourist   A couple of weeks ago, I got accused of being too pessimistic.  I was labelled a worry wart.  People tell me all the time that I don't know what I am talking about, so this is nothing new. The reason I bring this up?  Today's post will probably elicit the same type of response that I don't understand the seriousness of the situation. Yesterday, I had a family member ring up me up concerned about his pension accounts.  He was nervous about the st
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2 thoughts on “Macro Tourist: ‘You’re Doing This All Wrong’

  1. In these situations they ‘slide faster than they glide’……If you are net short take that into account because the spin and hype is ferocious these days and the political establishment will pull out all stops to maintain power and control….

  2. You could also argue that bonds were right since last August. I recall stocks bidding up last fall on trade war hype, Fed largess and reflation hopium. The macro and earnings have always been bleak.

    What changed was the optics – the possibility of surreal images of millions dead or dying in a chaotic hellscape of misery. Yeah, I want to short bonds with that in mind.

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