The irony of economics is that inflation expectations are always highest at the end of the cycle. But when the cycle ends they collapse along with asset values.
You can play that game if you are fast. But if you remain in the casino too long, you end up the bagholder.
— Mac10 (@SuburbanDrone) November 10, 2021
The similarities to 2008 keep piling up! t.co/Q3vm9aqa8l
— Invariant Perspective (@InvariantPersp1) November 10, 2021
*liquidity via central banks has plunged YoY (remember: it’s not the total stock but the rate of change)
And as liquidity drains ~ stresses build (unnoticeable at first but growing by the day)
Less liquidity + eroding fiscal impulses are now weighing on global economy pic.twitter.com/lV8GK23bHu
— Adem Tumerkan (@RadicalAdem) November 10, 2021
— Mo Hossain (@MoHossain) November 10, 2021