MacroVoices #344 Alex Gurevich: A Deflationary Depression Lies Ahead
Macro Voices
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Is There a Secular Bull Market on Bonds?
For 40 years US bond futures were in a rising channel and depending on how you draw this channel I probably like this as here it's drawn a little generously. You could argue that it broke to upside a little bit in 2020 but there is no question that no money how you drew this channel it broke down this year. The scope of the bear market does not strike you as a sign of maybe a secular inflation beginning, he says.
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