{"id":61452,"date":"2022-01-13T09:24:43","date_gmt":"2022-01-13T14:24:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61452"},"modified":"2022-01-13T09:24:43","modified_gmt":"2022-01-13T14:24:43","slug":"coming-market-madness-could-take-70-years-to-recover","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61452","title":{"rendered":"Coming Market Madness Could Take 70 Years to Recover"},"content":{"rendered":"
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COMING MARKET MADNESS COULD TAKE 70 YEARS TO RECOVER<\/a><\/h3>\n<\/header>\n
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Cervantes famous classic novel Don Quixote can in simple terms be described as a fight for liberty and freedom against oppression and against the state. This book is from 1605 and considered to be one of the best books ever written.<\/strong><\/p>\n

In the midst of market madness, risk doesn\u2019t exist because lunatics neither see, nor worry about risk. And still, 2022 will be more about risk and survival than anything else. So I will obviously talk more about\u00a0\u201c<\/strong>The Triumph of Survival<\/strong><\/a>\u201d\u00a0<\/strong>which I discussed in a recent piece.<\/p>\n

\u201cWhen life itself seems lunatic, who knows where madness lies.\u201d \u2013 Don Quixote<\/strong><\/p>\n

The year 2022 will most likely be the culmination of risk. An epic risk moment in history\u00a0 that very few investors will see until it is too late as they expect to be saved yet another time by the Fed and other central banks.<\/p>\n

And why should anyone believe that 2022 will be different from any year since 2009 when this bull market started? Few investors are superstitious and therefore won\u2019t see that 13 spectacular years in stocks and other asset markets might signify an end to the epic super bubble.<\/p>\n

The Great Financial Crisis (GFC) in 2006-9 was never repaired. Central bankers and governments patched Humpty up with glue and tape in the form of printed trillions of dollars, euro, yen etc. But poor Humpty Dumpty was fatally injured and the intensive care he received would only give him a temporary reprieve.<\/p>\n

When the GFC started in 2006, global debt was $120 trillion. Today we are at $300t, rising to potentially $3 quadrillion when the debt and derivative bubble finally first explodes and then implodes as I explained in my previous article.<\/p>\n

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\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

COMING MARKET MADNESS COULD TAKE 70 YEARS TO RECOVER Cervantes famous classic novel Don Quixote can in simple terms be described as a fight for liberty and freedom against oppression and against the state. This book is from 1605 and considered to be one of the best books ever written. In the midst of market […]<\/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":[195,1668,14995,1849,18507,8222,690],"class_list":["post-61452","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-derivatives","tag-egon-von-greyerz","tag-financial-markets","tag-gold-switzerland","tag-great-financial-crisis","tag-risk"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61452","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=61452"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61452\/revisions"}],"predecessor-version":[{"id":61453,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61452\/revisions\/61453"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}