Macro Ops substack

January 15, 2022 Constitutional Nobody Politics Liquidity’s​ ​Effect​ ​On​ ​Volatility By Macro Ops Substack The​ ​proper​ ​way​ ​to​ ​analyze​ ​potential​ ​volatility​ ​conditions​ ​looks​ ​something​ ​like​ ​the​ ​picture​ ​below: Current​ ​events​ ​and​ ​macro​ ​news​ ​come​ ​AFTER​ ​liquidity. If​​markets​​have​​loose​​liquidity​​conditions,​​no​​amount​​of​​Trump​​tweets​​or​​White​​House shakeups​​will​​cause​​volatility.

By Macro Ops substack It had all the markings of a "perfect setup"; the kind that only come around once every decade or so... Most of you are probably familiar with the story of how Soros and Druckenmiller “broke the Bank of England” in 92’. The two bet against the pound believing that it couldn’t maintain its peg to the Deutsche Mark in the European Exchange Rate Mechanism (ERM). They were right. The Bank of England was forced to stop defending the peg and the pound plummeted.