Last year, 2022, was the worst year for asset prices across the spectrum, with 30 trillion dollars slashed off investment portfolios. Paradoxically, so-called safe-haven assets such as treasuries performed the worst in history, which is the crux of the bank liquidity crisis and bank runs in 2023. Last year was the first time in decades that asset prices for stocks and bonds fell together due to the Fed raising rates at the fastest...
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Global liquidity has been ramped up, in the wake of the coronavirus, which has propelled already inflated asset prices to the bubble stratosphere, thereby giving rise to the coronabubble. Global authorities have recently been firing distress flares. The World Health Organization February 9 dashed any hope of containing the virus, albeit in the short term. “The detection of a small number of cases may indicate more widespread...
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