Macro Digest: Three reasons why end of this 1st bear cycle could end by April 2nd

We have had four major forces collapse:

1. Global Supply Chain
2. Global Demand
3. Global Energy
4. Global Yield enhancement from Japanese Institutions

I expect SIGNIFICANT improvement in credit and credit tranches post March end.

For my money -  April 1^st is more than April’s fool day, it’s also start of some sort of normalization. Year End is massive event in Japan. Make no mistake.

# 2
UK Office of Budget Responsibility via Chair Robert Choat “gets it” - what is needed – This is 1^st CLEAR voice and note from whom!

“When a fire is large enough you just spray water and worry about it later”

# 3
Less potent, less credible but interesting.  The GDX – miners ETF was 1^st to turn in 2008 – and now its up 57% of its low @ 16.18$

2008 Analogy: