{"id":54133,"date":"2020-07-12T10:55:57","date_gmt":"2020-07-12T15:55:57","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54133"},"modified":"2020-07-12T10:56:00","modified_gmt":"2020-07-12T15:56:00","slug":"the-bubble-in-a-fairy-tale-world","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54133","title":{"rendered":"The Bubble In A Fairy Tale World"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/global-macro-monitor.com\/2020\/07\/10\/the-bubble-in-a-fairy-tale-world\/\">The Bubble In A Fairy Tale&nbsp;World<\/a><\/h3>\n\n\n\n<p>Great interview with&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Michael_Novogratz\" target=\"_blank\" rel=\"noreferrer noopener\">Michael Novogratz<\/a>, Galaxy Digital founder, CEO, and chairman.&nbsp; He sounds exactly like the global macro heads at GMM.&nbsp; His money quotes from the July 8th CNBC interview should sound very familiar to our readers.<\/p>\n\n\n\n<p><strong>Money Quotes<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Macro set-up is so perfect for something like gold\u2026central banks around the world keep printing money\u2026more money, more money, more money<\/li><li>Gold is going to take old highs and keep going\u2026we are just starting this move<\/li><li>We are in the irrational exuberance zone in the market but it\u2019s hard to figure out where that stops<\/li><li>Get on the airplane just make sure you are in a seat closest to the exit.<\/li><li><strong>We are in a&nbsp;<a href=\"https:\/\/global-macro-monitor.com\/2020\/07\/01\/markets-have-jumped-the-shark\/\" target=\"_blank\" rel=\"noreferrer noopener\">bubble<\/a><\/strong><\/li><li>I think&nbsp;<a href=\"https:\/\/global-macro-monitor.com\/2020\/06\/04\/no-mo-fomo-momo\/\" target=\"_blank\" rel=\"noreferrer noopener\">Biden is going to win by a landslide<\/a><\/li><li>He [Biden] is going to&nbsp;<a href=\"https:\/\/global-macro-monitor.com\/2020\/06\/25\/market-begins-to-internalize-reality\/\" target=\"_blank\" rel=\"noreferrer noopener\">jack up capital gains taxes to ordinary income<\/a>\u2026.that won\u2019t be good for the stock market\u2026but they are going to pump in liquidity<\/li><li>We are early in the cycle<\/li><li>The real economy has issues<\/li><li><strong>We are in a fairy tale world<\/strong>&nbsp;because the Fed is giving you so much money<\/li><li><strong>Disposable income is up on the year, not down, which makes no sense<\/strong><\/li><li>My friends are getting richer than I am<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/macromon.files.wordpress.com\/2020\/07\/gold_novogratz.png?w=640\" alt=\"Gold_Novogratz\" class=\"wp-image-63250\"\/><\/figure>\n\n\n\n<p><em><strong>Click&nbsp;<a href=\"https:\/\/www.cnbc.com\/video\/2020\/07\/08\/gold-will-hit-records-because-of-coronavirus-hedge-fund-manager-michael-novogratz-predicts.html\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>&nbsp;to view the video<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bubble In A Fairy Tale&nbsp;World Great interview with&nbsp;Michael Novogratz, Galaxy Digital founder, CEO, and chairman.&nbsp; He sounds exactly like the global macro heads at GMM.&nbsp; His money quotes from the July 8th CNBC interview should sound very familiar to our readers. Money Quotes Macro set-up is so perfect for something like gold\u2026central banks around [&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],"tags":[1799,15450,30014],"class_list":["post-54133","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubbles","tag-global-macro-monitor","tag-michael-novogratz"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54133","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=54133"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54133\/revisions"}],"predecessor-version":[{"id":54134,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54133\/revisions\/54134"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}