The markets need to lose the ‘peace in our time’ reflex

BloombergOpinion/John Authers/3-3-2022

graphic illustration Road to Nowhere“We don’t have a Russia-Ukraine deal yet, and getting to one has pitfalls every step of the way. Then there’s what comes afterward.”

USAGOLD note: Some unpleasant realism from Authers who concludes “putting all the technical weirdness together, it looks as though the contradictions that had built up in the market over the last two years, and in the decade before that, are being put under extreme stress by the double whammy of a newly aggressive Federal Reserve, and the worst geopolitical shock in decades.” The gist of his analysis is that none of this going to be resolved quickly or easily.


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