Is It the Right Time to Buy Bonds?

You want to be long risk assets when money is being created in the real economy. Credit creation in real terms effectively stopped looking at the credit in post-ed Iran. The macro compass is a global series trying to track how much money we create for us, not for the financial system. We are paid to be patient. That's a great thing. Why people are so obsessed about having to generate 100% return in a year? Just chill. You get paid 5% to wait. It's not too bad.

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