There's always a lot of crazy things that at any given point in time are taking place around the world in any given market, but nothing quite like what we're looking at right now in global financial markets.
In short, a paradigm shift looks to be taking place.
Today, we're going to dive into what is easily the greatest bubble of all time. And we're gonna take a look at how history has repeatedly shown us a path forward. Which, if we're correct, promises to both decimate a lot of capital while making a small, few, very wealthy.
I'm Chris MacIntosh. I'm the founder of Capitalist Exploits here, and I'm the editor of the flagship research product. I'm also the co-founder and managing partner of Glenorchy Capital, which is a macro focused hedge fund.
Let's get started.
Never before have we seen such an extreme bubble in financial markets, and with it, this pervasive market belief that inflation is in fact dead, and interest rates are never gonna rise again, probably ever. Now, we respectfully disagree... and as a result, we're staring at potential payoffs that will potentially dwarf the subprime crisis.
But first, take some lessons from the past.
Sydney Harris is not a household name. Not even someone that do you often see quotes from. But I think this encapsulates the current situation perfectly.
"History repeats itself, but in such cunning disguise that we never detect the resemblance until the damage is done".
I present to you the front cover of the Business Week from August of 1979.