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Frequent readers of TME know we consider Chris Cole of Artemis one of the better guys when it comes to thinking "beyond" volatility.
This piece written years ago is somewhat technical, but provides some great insights into hedging and mispricing risks under a "hyperinflation" scenario. We are probably not there, but CBs have been very active and one should consider a small if at least...
As Cole writes:
"Print too little money and we cascade off the waterfall like the Great Depression
of the 1930s... print too much and we burn like the Weimar Republic Germany in the 1920s... fail to harness the trade winds
and we sink like Japan in the 1990s"
Full must read note in case you missed it a few years ago, before Robin Hood existed....