If you don’t own gold, you know neither history nor economics. -Ray Dalio I haven’t written anything in a little while because, well, there hasn’t been a whole lot going on to write about. We have had the usual Fed go full-panic-dove-mode, we’ve reportedly made progress on a trade deal with China about 28 times…
Here’s an article from the Financial Times earlier this month that pretty much sums up the current state of the global markets. I think an easy way to envision our global financial system (a credit-based fiat system) so that it’s easier to understand is to think of it like a balloon. When credit is easy and liquidity is being…