Are we about to arrive at the “suddenly” moment?
“How did you go bankrupt?” Bill asked
“Two Ways,” Mike said. “Gradually then suddenly”
– Ernest Hemingway, “The Sun Also Rises”
And this could usher in the “suddenly” moment: “The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.” – Reuters, April 28, 2020
Chris Marcus of Arcadia Economics and I discuss the potential of a Comex default: