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The Mechanics of the Big Cycle
There are orders, you know, there's a monetary order, there's a domestic, political, social order. Um there's a global world and they go through tend to go through a cycle um in which they break down and you have new orders. So a good example would be let's say 1945, we have a new monetary order, we have a new uh all those orders.Um, and then when they break down, um, you wipe out a lot and you have a new beginning and everybody remembers the trauma of the past and then there's the building up of credit, th ...
Things are Changing, Let me Explain
So, we're at a critical time and I want to again um give you my perspective. I'm 75 years old. I'm at a stage in my life where really what I want to do most is to pass along what I've learned over my 50 years of being a global macro investor.And uh the way that I see it is that the world order is changing for logical reasons that have persisted over periods of time. and that to understand what is happening now you have to understand the mechanics behind this and so I wrote this book changing world order and ...