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Hugh Hendry: The U.S. Dollar System Is Broken
Market Depth
Are We Done Yet There, or There's More to Go?
Last time we wiped about 25 trillion dollars of wealth from bonds, equities, credits, gold and cryptal over the last few months. So my question is, are we done yet there, or there's more to go? To put that in modern parlance, wev wiped out about eight apples. Apple was the first stock to gain a capitalization of three trillion dollars. And so i want to say, by and large, a portfolio value equities has pretty robust. And would hofe out performed year to date.
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