Loading ...when Bonds topped @ 15 % rates were always less than inflation, until Volker rammed ’em up to 15 %, then Gold topped not long after….but and really this makes every thing different the Rig did not exist, especially in the form of running 24/7 Algo’s, with no Vol limits.
Where we also differ now is Vlad wanting higher prices and Xi being Ok with that…..What Vlad wants, Vlad gets,,,see Palladium and Oil and I reckon they are taking the scum on…hence these recoveries. A while back once we were down like today, no bounce was allowed, now it has changed.