The pH Report

Conference call with Paul Hodges

The call highlights 'the debt-fuelled ring of fire' which has started to be opened up as central banks have lost control, as have OPEC, whilst a major paradigm shift is underway, and the world will be very different when the recession ends

Paul discussed the impact of coronavirus and the debt-fuelled Ring of Fire which has now started to open, with particular talking points including:

  • Central banks have clearly now lost control of the markets, with genuine price discovery starting to take place again
  • Similarly, OPEC has lost control of oil markets, which are returning to the bust dimension of ‘boom and bust’
  • Repo concerns highlight how the growth of the past decade has only been achieved via debt
  • At the same time, major paradigm shifts are underway, and the world will be very different when the recession ends