My October 2022 public newsletter is now available.
lynalden.com/october-2022-n
This issue focuses on recent disorder in sovereign bond markets, and updated observations on energy markets.
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My interview with covers energy and bonds and is therefore basically the audio version of this newsletter:
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WBD565 - Europe in Crisis with @LynAldenContact. We discuss:
- UK’s toxic mix of high debt + high inflation
- Echoes of the 1940s but with energy shortages
- Why higher bond yields could restart the money printer
- The importance of low energy costs
whatbitcoindid.com/podcast/europe
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I bought a little bit of 7-10 year bonds when they hit 3% and that ended up being too early. Luckily, small position size.
I gave the deflationary camp too much credit.
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Lots of great content from you this week, thanks Lyn
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Lyn, when you say the Fed is letting "bonds mature off of their balance sheet and choose not to reinvest the proceeds", by "proceeds" do you mean proceeds from new bond issuance are used to pay off maturing bonds, and not reinvested?
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