"Nobody's seen this before": The strange market moves telling a risky story about the economy

In recent days, bonds have been sold off, equities appear overvalued, and the gold price has spiked to fresh records. According to the CEO of Deep Data Analytics Mathan Somasundaram, it's a sign that debt is too high after a decade of surging asset prices, pumped up by central bank stimulus. He says now investors are trying to reduce debt while also 'keeping everything together', but it's unsustainable and that's resulted in the spike in the price of gold. He explains these are unprecendedted times. "This is something nobody's seen before." He also highlighted concerns the combination US Federal Reserve's 50 basis point cut to rates in September as well as a spike in bond yields could push up inflation.
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