We’re Here

Treasurys can’t keep a natural bid excluding the fed.

Nobody has commodities on the offer.

Welcome to the Weimar Republic.

An old note, to remember, from Gonzalo Lira:

The thing to do to prepare for hyperinflation would be to invest in a diversified hard-metal basket before the event—no equities, no ETF’s, no derivatives. If and when hyperinflation happens, and things get bad (and I mean really bad), take that hard-metal basket and—right in the teeth of the crisis—buy residential property, as well as equities in long-lasting industries; mining, pharma and chemicals especially, but no value-added companies, like tech, aerospace or industrials. The reason is, at the peak of hyperinflation, the most valuable assets will be dirt-cheap—especially equities—especially real estate.

Just for fun:

The debate between defaltion and hyperinflation, online, is heating up…again.