Published on: February 27th, 2020 • Duration: 40 minutes
The overarching macroeconomic theme of today is clear: Long U.S. equities, bonds and the almighty USD. However, it appears that market participants are inadvertently ignoring a key element here. That is, the interconnected nature of these variables and how they contribute to a vicious feed back loop. A savings glut, largely concentrated in Asia, has flooded US markets, fueling a USD rally which in turn has contributed to lower global GDP. It gets complicated after this… for this reason, we are bringing you Brent Johnson of Santiago Capital, widely known for his Dollar Milkshake theory and Jon Turek who has written extensively on the subject to illuminate us in this week’s live conversation.
Please find Jon Turek's full report here: http://jonturek.blogspot.com/2020/02/imperial-circle-part-2-long-us.html