18-08-20 M4 No15

18-08-20 M4 No15

China's guiding mantra at present seems to be lifted straight from Douglas Adams' oeuvre: Don't Panic!
Too many moving parts are likely to lead to bad outcomes in what is anyway an intractable-seeming tangle of problems.
Global liquidity is being throttled - not just by the stronger dollar - but so far the US itself seems oblivious.
Plus a technical look at stocks, bonds, credit, gold, oil - oh - and at a certain wannabe- car company.


Cantillon Consulting

August 20, 2018