2020: The Great Unmasking Of ‘Control’

“2019 was the great masking. 2020 will be all about the great unmasking and control.

In 2019 central banks once again succeeded in masking all the underlying problems in the economy, the underlying structural problems of debt, deflation and demographics, and the slowing of global growth and offering the pretense that 2019’s policy responses were nothing but a complete system failure acknowledging that markets can’t stand on their own two feet without central bank intervention. In process asset prices were artificially inflated across the board and valuations pushed far above the growth and size of global economies and volatility once again compressed.”