Zoltan Pozar ：論貨幣四價以及黃金牛市
讓我們重溫這篇Zoltan Pozsar的舊文，此文成功預測瞭如今黃金牛市的到來。
其他Zoltan的文章：
【深度翻译+点评】Zoltan Pozsar on sterilization, repo, and FX Swaps
Zoltan Pozsar | The Global Financial System 全球金融系统本相
美联储先知Zoltan Pozsar发表爆炸性观点：我们必须让市场暴跌
Zoltan Pozsar, the Four Prices of Money, and the Coming Gold Bull Market
佐爾坦·波扎爾 (Zoltan Pozsar)、貨幣的四種價格以及即將到來的黃金牛市
Over the past 100 years there has been a correlation between major equity bear markets, adjustments in one of the four “prices of money,” and gold bull markets. If we let history be our guide, the current equity bear market is signaling a new gold bull market, supported by changes in the price of money.
過去 100 年來，股市熊市、四種”貨幣價格”之一的調整與黃金牛市之間存在著相關性。如果我們以歷史為鑑，當前的股市熊市預示著新的黃金牛市的到來，而貨幣價格的變化將為其提供支持。
One of the more intriguing financial analysts of our times is Zoltan Pozsar, Managing Director and Global Head of Short-Term Interest Rate Strategy at Credit Suisse. In his writings of the past months, one of the things that caught my attention was his framework for multiple prices of money. Remarkably, when I looked up…
