Repost from 8-16-2021
“Until those cards come tumbling down, we can cling to our comfortable delusions supported by comfortable theories and comfortable gibberish, peddled by comfortable people in comfortable jobs, with comfortable pensions or comfortable after-dinner speaking fees. But tumble the cards will, nonetheless, and quicker than people think – and very uncomfortably.”
USAGOLD note: The unambiguous message from Rabobank’s Every, as indicated above, is that we should prepare for some unpleasantness that could blow a hole in the comforting narrative under which certain markets now flourish – monetarily and geopolitically (centered around the situation in Afghanistan). …… Details at the link.