By now it seems quite likely that the inflection point is upon us and that the Coronavirus was the catalyst to bring it on. The Great Bull Market of 2009-2020 or even 1982-2020, is over (each counter-cyclical bear crisis papered over by QE and ZIRP). This time, the Central Banks are out of ammo and none of the old moves are working.
The Jackpot is where we arrive when we run out of road to kick the can.Over the next few posts I’m going to explore what various outcomes could look like after the Jackpot. These are not predictions. They are scenarios of what might unfold when certain key tenets, those articles of faith that have been taken for granted these last 20 years, break down and become irrelevant, or even toxic.
Welcome to The Jackpot