We think 2021 has earned its place in the books as the wildest and most speculative year in US stock market history
Cathie Wood’s Ark Invest is merely the tip of a vast iceberg of speculation that has grown to monstrous proportions over the past year. It is now starting to melt a little.
“We think 2021 has earned its place in the books as the wildest and most speculative year in US stock market history, eclipsing even 1929 and 1999. That doesn’t mean 2022 will bring a panic or a crash, maybe just a degree of sobriety,” Doug Ramsey, chief investment officer at The Leuthold Group argued.
For more than a decade, the dominant theme has been “buy the dip”.
Government bond yields are therefore likely to remain negative in real, inflation-adjusted terms for years to come.
Robin Wigglesworth FT 10 December 2021
https://www.ft.com/content/31f60297-fe2b-4656-97a6-96b88a26530e
Era of quantitative easing is drawing to a close
arguably the greatest monetary policy experiment since John Law began dabbling with fiat paper money in France
Robin Wigglesworth, FT 8 December 2016
https://www.internetional.se/bondsnext.htm#1612end
Squadron Leader James Bigglesworth, DSO, DFC, MC
https://internetional.se/Biggles.html
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