The tweet was deleted by the author.
But we saved everything 🙂.
Meb Faber highlights the significant influence bonds have had on historical and political events. According to Faber, bonds were instrumental in defeating Napoleon, leading to the downfall of a prime minister, and even impacting U.S. President Donald Trump.
He suggests that, far from being dull, bonds have repeatedly played an important role in shaping global history.
View post on X Loading...
Faber has previously commented on the increased rivalry among asset managers following actions by Schwab and Fidelity that have affected the sector’s dynamics, as reported in an earlier article. He has also discussed how elevated market valuations can heighten the risk of failure through several compounding scenarios, referencing the view of Paul Kedrosky in another report. These observations provide context for Faber’s continued focus on the impact of financial instruments in markets and history.