The Pace of Change Says So
The Pace of Change Says So
There’s nothing wrong with falling out of a plane. It’s hitting the ground that kills you. In other words, it’s the pace of change that matters more than the event itself, or any prior history. Europe is facing an extraordinary energy shock. I cannot find a historical parallel outside of a war. Interest rates are spiking rapidly, especially mortgage interest rates. Bond prices are cratering globally, and Japanese government bonds are exploding higher in yield forcing the Bank of Japan (BoJ) to respond with legendary never-before-seen rates of currency printing. The Yen is falling dramatically against the dollar. All of
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First of all, thanks Chris. Last couple of weeks I suddenly hit an emotional rough patch. Friends are deeper and deeper in denial. Other who where kind of “awake” had ...
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