Submitted by Keith Dicker, Chief Investment Officer at IceCap Asset Management
It’s all a show
Hollywood has made a living ripping people’s faces right off their skull.
By many accounts, Tom Cruise has positioned himself as a professional face ripper. Whether he’s ripping and flipping his face off in Vanilla Sky, or doing his best imitation of hiding behind different faces in Mission Impossible – Tom Cruise’s film earnings have proved that a face ripping strategy can be very profitable.
Yet, the most famous face ripper is undoubtedly Hannibal Lecter. While his creepy movements, and his creepy speech was more than enough to give you the creeps, Lecter’s real power was revealed the moment he escaped using another (unfortunate) person’s face as a disguise.
Whereas Tom Cruise enjoyed his face-ripping experience, Hannibal Lecter’s victim certainly did not. In both cases, the face-ripping actions proved to be both memorable and shocking. Unknown to Hollywood, and unknown to most investors – the world is on the precipice of one of the biggest face-ripping market movements to be felt by the money world.
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For many reasons, many people hate the USD. Debts, deficits, wars, Trump – you name it, the reasons for the USD to fall are too many to count. Yet, despite all the moaning and groaning about the USD – it just won’t go down. And in the investment world, what won’t go down – goes up.
IceCap expects the USD to rally hard. The potential for a surge will be so aggressive that it will rip the face off all investors who are bearish against the USD and positioned for it to fall. This is the real risk that faces the market today.
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It’s Déjà Vu all over again
Well, we’ve been watching now for quite some time – and it still hasn’t happened. We’ve watched Canadian, British, Australian and even tolerated the big American ones too – yet most media outlet refuse, is prohibited, or simply doesn’t understand it enough to report to the masses the happenings within the world’s bond market. Yet, every single evening when the majority return home from their jobs, they inevitably turn to the TV to see what happened while they toiled away their day, earning money to tuck away for their eventual retirement.
Sadly, the largest investment market on the planet rarely gets a mention, a like, or even a tweet.
But it should.
Readers of the IceCap Global Outlook are fully aware of our expectations for a crisis in the bond market. The crisis will likely originate, from a re-escalation of a crisis in the Euro-zone. Cracks have started. Chills are beginning to be felt down spines.
And if you look close enough – you’ll soon see the days of the big banks, big media, and big consultants avoiding this big discussion are...