As one who loves metaphor, I can't help but notice the recent and varying range of metaphorical macro warnings.
JP Morgan's Jamie Dimon, for example, is now predicting a "market hurricane" ahead, which Peter Schiff has recently upgraded to a "Category 5."
Meanwhile, the always blunt Michael Burry has compared the trajectory of our market economy and macro warnings to "watching a plane crash."
In short, the bull vs. bear debate is behind us; even the TBTF banks are now openly alarmed.
The Shark Fins ApproachIn fact, current macro warnings are more suggestive of a market shark rather than bear, and borrowing a line from Speilberg's
Jaws, we are all "gonna need a bigger boat" as these dorsal-finned macro warnings begin circling in plain sight.
Specifically, we are seeing three separate macro warnings rising simultaneously, each of which are eerily familiar to the pre-2008 conditions which preceded the last global implosion.In short: Cue the John Williams music.
Comment: It seems those in power in the Netherlands haven't learnt (or don't care to) from the grave errors made by those in Sri Lanka: Sri Lanka economic crisis: Shoot on sight order issued against protesters as troops deployed in Colombo