{"id":49178,"date":"2019-10-27T12:29:31","date_gmt":"2019-10-27T17:29:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49178"},"modified":"2019-10-27T12:29:37","modified_gmt":"2019-10-27T17:29:37","slug":"goodbye-asset-inflation-marc-faber-fears-funding-chaos-contagion-from-repo-markets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49178","title":{"rendered":"&#8220;Goodbye Asset Inflation&#8221; &#8211; Marc Faber Fears Funding Chaos Contagion From Repo Markets"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/goodbye-asset-inflation-marc-faber-fears-funding-chaos-contagion-repo-markets\">&#8220;Goodbye Asset Inflation&#8221; &#8211; Marc Faber Fears Funding Chaos Contagion From Repo Markets<\/a><\/h3>\n\n\n\n<p><em>Faber wrote in his Monthly Market Commentary for October, under the title : THE THREAT TO ACADEMIC FREEDOM AND TO THE RIGHT TO FREEDOM OF OPINION IS A MENACE TO LIBERTY,<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-10-25_7-44-32.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><em><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-10-25_7-44-32.jpg?itok=jNP0hfVU\"><\/a><\/em>The historian Niall Ferguson recently wrote an article entitled:<strong>&nbsp;A message to all professional thinkers &#8211; we either hang together or we hang separately.<\/strong><\/p>\n\n\n\n<p>Ferguson explained that:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201c<strong>In every case, the pattern is the same. An academic deemed to be conservative gets &#8216;called out.&#8217;<\/strong><\/p><p>The Twitter mob piles on.<\/p><p>Mindless mainstream media outlets amplify the story.<\/p><p>The relevant authorities capitulate\u201d and get rid of the academic&#8230;<\/p><p><em><strong>A month rarely passes without some conservative academic being taken down.\u201d&nbsp;<\/strong><\/em><\/p><\/blockquote>\n\n\n\n<p>The French philosopher and best-selling author, Alain Finkielkraut who is a member of the Academie Francaise, recently said that, far-left protests against him mean he \u201ccan no longer show my face\u201d on the street.<\/p>\n\n\n\n<p><strong>The &#8220;threat to academic freedom&#8221; is at the same time an assault on &#8220;freedom of speech&#8221; and &#8220;expression,&#8221; and therefore, should concern all of us.<\/strong><\/p>\n\n\n\n<figure><iframe allowfullscreen=\"\" src=\"https:\/\/www.youtube.com\/embed\/RfOFFL9k-xs\"><\/iframe><\/figure>\n\n\n\n<p><strong>Under Trouble in the US financial Wonderland<\/strong>&nbsp;we discuss the&nbsp;<strong>funding chaos in the repo market<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-10-25_5-34-30.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-10-25_5-34-30.jpg?itok=hMy3TsMf\"><\/a>Several&nbsp;<strong>experts have downplayed the recent chaotic behaviour but I take it far more seriously because it indicates to me that liquidity has become tight<\/strong>&nbsp;\u2013 at least for some market players.<\/p>\n\n\n\n<p>Should a widespread liquidity crunch follow \u2013<strong><em>&nbsp;\u201cgood bye asset inflation\u201d and welcome &#8220;widespread asset deflation&#8221; as well as QE4.&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm2A94.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>September 24, 2019, was most likely the beginning of the end of the Unicorn bubble as well<\/strong>&nbsp;as for the trend to allocate pension assets to private equity managers.&nbsp;<strong>There may be some liquidity problems at some private equity firms.&nbsp;<\/strong><\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm2A94.jpg?itok=Je6MtzEf\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Goodbye Asset Inflation&#8221; &#8211; Marc Faber Fears Funding Chaos Contagion From Repo Markets Faber wrote in his Monthly Market Commentary for October, under the title : THE THREAT TO ACADEMIC FREEDOM AND TO THE RIGHT TO FREEDOM OF OPINION IS A MENACE TO LIBERTY, The historian Niall Ferguson recently wrote an article entitled:&nbsp;A message to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[9770,27434,1806,2542,2307,27433,819],"class_list":["post-49178","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-academic-freedom","tag-alain-finkielkraut","tag-bubble","tag-freedom-of-speech","tag-marc-faber","tag-niall-fergussn","tag-twitter"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49178"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49178\/revisions"}],"predecessor-version":[{"id":49179,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49178\/revisions\/49179"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}