Nomura’s Charlie McElligott says as leading policymakers head to Washington for the International Monetary Fund/World Bank meetings, the rest of the world is dealing with a dollar DXYsurge that is exporting inflation to everyone else, forcing their own policy tightening into recession feedback loop.
The price of the 30-year inflation-adjusted gilt plummeted 17% in value on Monday, according to FactSet data. McElligott said the core issue is that penson funds globally have been shifting assets to alternative buckets, such as private equity and venture capital.
The sickness is GREED! How many steaks is 1 person going to eat at dinner? Stop feeding into the sickness
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