The End of Safety: Bonds vs. Energy
Believing bonds will rally while energy rips higher is Orwell’s paradox in real time.
Fire and Ice: Doublethink in Energy and Bonds
George Orwell described doublethink as the act of holding two contradictory ideas in one’s head and believing both. In markets, we see this all the time. Investors know something to be true — yet when narratives shift, they talk themselves into the opposite.
Right now, nowhere is this clearer than in energy an…