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Hedge Fund CIO: There Are Just Two Ways To Fix Today s Imbalances - An Economic Depression Or Soaring Inflation
by Tyler Durden
As excerpted from the latest letter by Eric Peters, CIO of One River Asset Management
Late and Awkward: “The March 2020 downturn resembled a natural disaster rather than a recession that cleansed imbalances,” said Marcel, our head of research, discussing economic cycles. “This was most evident in the goods sector. The global PMI survey fell from 50.3 in Jan 2020 to 39.6 in April, then fully recovered by July. It is equally evident in the finer details of today’s global good sector.