Counting Down Globalisms Numbered Days.
Using bond metrics, globalism has withstood two challenges in the past ten years.
#1 The 2008 collapse.
#2 Angelic Merkel giving in to a Greek bailout preserving the EURO in 2012.
In both those cases a death cross resulted in bonds that favor globalism and those that favor anti-globalism.
Today the pro-globalism index stands at a +16
The last time the index was negative (anti-globalization) was in July 2012, almost to the day of Draghi's...What ever it takes, speech. Since that time there have been four moguls of strength, the last peaking in late August 2016 at 300, when Clinton's lead over Trump was 8 points!.
From August's peak of 300 the index stands at 16, once negative we'll be in anti-globalization.
What we've been experiencing for the past 45 years will flip, with price inflation being the big winner, and asset price deflation the big loser.
