America's self-correcting mechanism is unstoppable. If unprecedented tariffs and austerity don't work, push-back will come in the next elections. If the great rebalance attempt works, it could reset world order underpinnings for the coming century. The problem is the discombobulation is coming with US stock market cap vs. GDP and the rest of the world the highest in about 100-years. My normal reversion base case: - 50% drawdown in the US stock market - 40 a barrel crude oil - 3 per pound copper - 3% US 10yr yield - 10,000 Bitcoin, 90% drawdowns in most of the millions of cryptocurrencies - 4,000 gold, the outlier due to not being simple reversion Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sue9ebt1um0w {BI COMD} #commodities #gold #stockmarket #bitcoin #macroeconomics @BBGIntelligence