The Fear Of Fears | Seeking Alpha

  • The year started with an unprecedented selloff in the financial markets.
  • Plenty of reasons have been offered for this, from oil, to China, to global recession fears, to a Fed prematurely tightening, expensive valuations, etc.
  • There is something to be said for many of these, but we think behind this lies a much bigger fear.
  • This is the fear that we’ve been able only to postpone the wave of deflation, possibly leading to debt-deflationary cycle but that we’re now standing defenseless.

Source: The Fear Of Fears | Seeking Alpha