Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
‘That Light At Tunnel’s End Was Actually A Train’
"Now, [it's] clear that light at the end of the tunnel was actually an oncoming train," Nomura's Cha
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
I got an email this morning from Celsius, a crytpo lending platform I looked at but never invested with, is pausing all “withdrawls, Swap, and transfers between accounts”. Yeah, your prophetic post about how Crypto might end really seems like it might become a reality very soon.
And the piece I read this AM also said the price of the Celsius token has fallen to $0.20.
Need to consider scenario where Fed tightening fails to suppress inflation such that Fed has to choose EITHER continuing tightening and driving economy into significant recession + job loss + financial crisis + social upheaval OR abandoning inflation fight to (maybe) avert significant recession et al. The first might be called “Volcker redux” and the latter “Miller redux”. Which do you think Fed will choose? If former, the traditional recession portfolio playbook may be a good starting point. If latter, look for what works in high inflation environments BUT after a decade of one-way equity market w/ increasing concentration and passive domination, might speculate that the “works in high inflation” names have been reduced to small weights in indicies. Will they have enough market cap to gracefully absorb capital inflows? If not . . . the implications for one’s security selection criteria and process are interesting.