I’m sitting on a big pile of cash waiting for “blood in the streets” but also stuck in miners down over 35%. Ouch!
Hard to predict what central planners will do in the future but they only have two choices, restart QE or don’t and both will result in a financial crisis of biblical proportions. Either a deflationary death spiral or hyperinflation or both.
Ludwig Von Mises pointed this out many decades ago but apparently most authorities didn’t care because they figured it would be someone else’s problem?
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
— Ludwig von Mises
Social fallout is going to be nuts.
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