Odey Doubles Down, Says We Are About To Witness A Massive Inflationary Shock

As Crispin Odey finally gets his dream market environment – a volatile February led to a 6.59% gain on the month in the Odey International Fund, the most substantial monthly win since its founding year in 2014, according to a letter to investors reviewed by ValueWalk. The bearish fund manager sees a sovereign debt overhang that will start to matter in a world awash with loose cash that is about to change directions. His views are, in typical fashion, more on the macabre side of the market. There is an odd dichotomy to inflationary pressures and higher interest rates. JPMorgan…