In These New Times

A new paradigm for a post-imperial world

Trench warfare

Posted by seumasach on February 10, 2014

Doug Noland

Asia Times

Global markets have turned highly unsettled. … Currency markets have turned treacherous. Those short the commodity currencies abruptly found themselves on the wrong side of a squeeze.

Overall, global markets these days convulse between “risk off” and “risk on” – in bloody trench warfare between market bulls and bears. Greed and fear vacillate between the two camps. …

Bill Gross’ February piece, “Most ‘Medieval'”, provides an insightful read. …”The days of getting rich quickly are over, and the days of getting rich slowly may be as well.”

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