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November 25, 2021 | Global Warning on the Greatest Financial Mania in History

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

The first step is to identify what the key market action really is. With America’s change from a pro-business to a socialist administration, the popular alarm has been that “Inflation is back!”, as in the 1970s. Even more hysterical is that some “name” hedge fund managers have been calling for “Hyperinflation”, as afflicted Germany in the 1920s. Well, there has been some spectacular gains in commodities since the COVID Panic of early 2020, but the big action has been in financial assets which when it fails will be hazardous to most asset classes.

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November 25th, 2021

Posted In: Charts and Markets - Bob Hoye

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