Events of 2022 throw cold water on irrational exuberance

Financial Times/ Terry Duffy/3-1-2023

“Well, it was fun while it lasted. Two decades of easy money with low to zero interests, further juiced by successive rounds of ever larger stimulus spending, turned prudent investment principle on its head.”

USAGOLD note: Words of wisdom from the CEO of CME Group.…… He sees a “whirlwind of geopolitical and economic hurdles” ahead and that expecting and planning for the unexpected could be “the differentiator” for investors.