No one wakes up in the morning and says, ‘What a nice day for a nuclear war. Let’s launch some missiles’. That’s not how a nuclear war will happen if it ever does. Instead, experts who have studied the subject of nuclear war fighting since the 1950s (and I’ve personally studied their work since the late 1960s) all agree that the danger is not an out-of-the-blue decision to launch. The danger is escalation.
Last week was a jolly mess. Someone blew up the world’s most important gas pipeline. The Dow closed out the worst September in 20 years. The Bank of England (BoE) looked normalcy in the face — and panicked. Inflation rose. And a storm swamped much of Florida. ‘Get used to it’, said the climate alarmists; it’s the new normal.
Generation after generation has bought into a version of the ‘Dream’. But what if one generation decides to break the chain? What if our cherished dream is not their vision of the future?
Now the Fed is no longer pumping in liquidity…the tide is receding…and the yachts are sinking. Bloomberg tells us that US$57 trillion has been lost — in stock and bond values — so far this year
ASX surges over 3.5% on Tuesday after the Reserve Bank passed lower than expected interest rate hike of 25 basis points.
Although Liz Truss’s budget copped most of the flak for the massive intervention in bond markets, it was actually coming anyway. A number of big pension funds (like our superannuation companies) in the UK were caught on the wrong side of bond trades and were about to face a margin call.
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