The recent hurricanes are merely reminders that sometimes things happen that are out of our control. They remind us that risk still exists.
Our longstanding view is that there’s a financial storm coming. One that is going to be larger and more destructive than all the others that came before.
Just as the hurricanes in the Atlantic basin were fueled by ocean temperatures a full 1.5 degrees warmer than average, the coming financial storm will be fueled by the most excessive pool of “hot money” created in all of history.