The Fed’s big lie that much of the world has bought into
We are living in an era that is undeniably confusing, especially to veteran investors. By veteran, I mean someone who has been around long enough to have witnessed a number of market cycles, or at the very least has dusted off a few books on economic history.
Is BlackRock’s entry into China a “blunder” as George Soros claimed in a recent op-ed? Or are critics misconstruing China’s recent regulatory crackdown, as Ray Dalio would like us to believe?
Trust is a fickle thing. It’s there until it isn’t. This is especially true with paper currencies. Their value is based on trust that the sovereign issuer will act faithfully and responsibly.
