http://www.youtube.com/watch?v=HT0088abl0c
Right now, total global debt outstanding is three times total equity. This has created a massive Supply/Demand mismatch, as the supply of debt dwarfs the availability of equities. Nearly every major investment class is broken on Hedgeye’s macro screen including Gold, 10-year Treasurys, Emerging Markets and high-yield bonds.
The trends have reversed, and you should expect the outflows to be just as poorly planned as the inflows were. Indeed, the real risk is that there is a rush for the exits, leading already-crumbling asset classes to implode.
Hedgeye CEO Keith McCullough digs deep into this critical #DebtDeflation Q3 Macro Theme and how investors should position themselves.