The power of the rate of change of things is very important here. Look at money creation for example. The extreme volatility in credit creation is a result of Covid-policies
we may be in for a 2019-like contraction in USD reserves in the financial system already before year-end.
I am even tempted to say that you should both buy the USD and duration (in most currencies) with an arm and a leg already now.. And equities overall..
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