This is the second part of the year in review by Dave Collum. All in all it seemed that 2023 was an eventful year. But that may just be because we knew nothing yet about 2024!
Before the 2008 crisis, we had all the warnings of the impending crash thanks to the derivative market. In 2019 if was the Repo market which preceded the Covid virus by a couple of months. Now, the omens are here but the feel is different.
Between the fentanil streets of Philadelphia, the closed stores of San Francisco. the human tsunami at the Mexican border and in the Mediterranean Sea, the Ukrainian tragedy, the Gaza genocide and the endless other crisis, the problems have become pervasive and the markets are levitating above reality.
How long this can go on is anybody's guess but the time scale must be in months, not years. So enjoy the Dave Collum's wit. In 2024 it will probably take a more sinister turn.
Dave Collum's 2023 Year In Review: Down Some Dark Rabbit Holes, Part 2
No comments:
Post a Comment