Loading ...Mrs F says that surely the latest run didn’t start just because of that comment on 25th September. But, in AUD the 24th was the last down day ……
Should we be nervous? Hmmmm. US debt $37tn, up $2.1tn from previous year. Forecast to be up $3tn this year. Snowflakes in hell looking definitely likely compared to peace in Gaza or Ukraine. Fiscal deficits in UK, Euro (specifically France, Germany), Japan, US. Migration chaos across Europe. AI looking shaky. Nah, probably not yet.
I think the most significant thing is the suddenness. Not dipping his toe in the water with a 60/35/5 allocation – no, a BAM put half your bonds into gold and keep the other half in short term only. That seems more of a panic than a measured move.