Well this is nervewracking.

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America’s best days are in the past. Specifically, about twenty-six years in the past. The world is starting to clue in to the fact that America is a failing power, and an increasingly poor credit risk. Thus, U.S. bonds, formerly the pristine gold-standard of safety and security, continue to show signs of weakness.

For the entirety of this week, my portfolio positioning is going to be deliberately very, very light. When I’m at my most aggressive, my commitment level is 230%. Right now? 53%. It feels like being in all cash.

When I went to bed Sunday night, I figured it was virtually certain that I’d need to do a post on Monday morning that I was giving up on my Bitcoin analogy (and, therefore, short position). It was up thousands of dollars and seemed in no mood to slow down.
