'We live in a period of acute disorder – monetary and otherwise. Society has been rocked off its foundation. The insecurity that comes with a once-in-a-century pandemic – our health, our economy, our institutions and our social cohesion. Hurricanes, floods, drought, devastating fires - the frightening uncertainties associated with global climate change. Power outages. Water shortages. Shootings. A ransomware hack that takes down a major U.S. pipeline and leaves millions fearing they won’t be able to fill their tanks. Who and what next? The Fed “printing” Trillions – seemingly blind to inflation and Bubble risks. Multi-Trillion dollar deficits. Wealth redistribution. Traditions and political institutions in disarray.
It was an unnerving week. Things seem particularly Un-Anchored.'
- Doug Noland,
Un-Anchored, May 14, 2021
ContextWill Stocks Crash After Entering the Valuation Twilight Zone? May 14, 2021
China's State Pension Fund Faces ‘Unprecedented Challenge’, May 13, 2021
Archegos - 'How could someone take such big risks, facilitated by so many banks, under the noses of regulators the world over?'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'(2021-2030) - EU Action Plan: “Towards Zero Pollution for Air, Water and Soil”