Скачать или смотреть 💥 When Reality Bites: Global Financial Instability and Hard Assets

This analysis of the CLSA "When Reality Bites" report highlights a bearish outlook on the global financial system, particularly focusing on the United States. The report suggests a loss of trust in U.S. Treasuries and predicts an inevitable "Big Print" of money due to unsustainable debt, leading to monetary debasement. Consequently, it advises investors to shift from traditional financial assets to scarce "neutral collateral" like gold, silver, and Bitcoin. The report supports its claims with visual data on U.S. sovereign debt risk and asset performance, outlining risks such as a "crack" in the bond market and a recessionary deficit explosion, while emphasizing the unlikelihood of fiscal discipline.