from Anthony Pompliano 🌪 | by Anthony Pompliano 🌪

It is nearly impossible for any individual or business to plan for the next 12 months, let alone the next few years. No one knows what the monetary policy of the global reserve currency will be. The uncertainty will lead to bad decisions that once looked like good decisions.

The fact that we can't even predict what is going to happen in the next 90 days is absurd. How do we expect employers to plan? How about pension funds? Or homeowners? You need predictability in order to create stability.

It is easy to dunk on financial institutions that bought long duration assets, but the truth is that it was a good decision when they did it. Is the expectation for financial institutions to day trade with retail customer deposits? Is that really what we want banks to do?

The situation is incredibly complex. Most people, including members of the Fed, are doing the best they can. I truly believe they have the best intentions. Economics is hard and there may not be a single "right" answer. Easy for everyone, including myself, to critique others.