Weekly Paid Newsletter 09/26/2021

The FED sees signs of inflation and yet they continue to increase their balance sheet, what are they hiding from us?. Asymmetric Portfolio 20.44% YTD.

This week the gap between the richest and the poorest has increased again, causing the middle class to gradually disappear. This inequality is due to asset price inflation that has caused a large disconnect from GDP to be generated. In the previous bubble that resulted from the great recession ('08) we were at 4.9x GDP, currently, we are at 6.2x GDP!

But this doesn't stop here, Democrats in Washington push for a $3.5B stimulus package. In addition, President Pelosi has hinted at the removal of the US debt ceiling, justifying herself time and again in the case of Japan (a very different case than today).

We are facing an economy of easy money for central banks, which generates economic bubbles and the injection of liquidity is the only way they have to sustain this house of cards. Even following the plans they have to gradually reduce the injections, they will have to increase it again from time to time. It is like the race of the rat that every time runs more and the wheel accelerates m…