The Japanification of eurozone is almost complete. The US is next. https://t.co/9aLLQL7hCj
— Albert Edwards (@albertedwards99) September 25, 2020
A dangerous convergence.
Foreign investors now own the lowest % of marketable US Treasuries in 20 yrs.
Meanwhile:
The Fed is increasingly becoming the buyer of last resort.
This trend appears irreversible.
It all points back to Gold.https://t.co/yw0PmGmYxr pic.twitter.com/Ac43B41yyw
— Otavio (Tavi) Costa (@TaviCosta) September 25, 2020
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