Weekly comment: Q4 2024 Z.1 and the start of the replacement

I am about 30 years as a “professional bear”. My happy break came at the end of 1989 when I was hired by Gordon Ringoen as the dealer of his short -rated hedge fund in San Francisco. It was an exciting, demanding and at the end, one of the most brilliant people I met as a short-sided dealer, analyst and portfolio manager during the big market for one of the most brilliant people-one strenuous and absolutely valuable learning experience. Later in the nineties I had stays at Flockenstein Capital and East Shore Partners. In January 1999 I started my 16-year-old run with Purdentbear (which was completed at the end of 2014) and worked as a strategy and portfolio manager with David Tice in Dallas until the bear money was sold in December 2008. In the early 9 points I became a passionate reader of the Richebacher letter. The great Dr. Richebacher opened my eyes for the Austrian economy and consolidated my lifelong passion for economic and macro analysis. I was lucky, Dr. To support Richebacher in his publication from 1996 to 2001. Before my work in investments, I worked as a financial analyst in the USOTA US headquarters. It worked during the Japanese bladder period at Toyota and the 1987 stock exchange crash, in which I recognized my love for macro analysis for the first time. I worked fresh outside the college as Price Waterhouse CPA. I completed Summa Cum Laude from the University of Oregon (Accounting and Finance Majors, 1984) and later received an MBA from Indiana University (1989). In the last nineties, I was convinced that significant developments in finance, markets and political design, which were not recognized by conventional analyzes and media, developed. I was inspired to start my blog, which became a bulletin bubblet, through the desire to illuminate these developments. I think there is a great value in contemporary analysis, and I will indicate brilliant writings in the “Chase Economic Bulletin” during the roaring twenties and great depression. Ben Bernanke described the forces that led to the global economic crisis as the “Holy Grail of Economy”. I think “the grail” is instead discovered by knowledge and understanding of the current extraordinary global bladder period.