Is Your Dream about to Become a Nightmare?
Generation after generation has bought into a version of the ‘Dream’. But what if one generation decides to break the chain? What if our cherished dream is not their vision of the future?
Latest
Woe to the Rich!
Now the Fed is no longer pumping in liquidity…the tide is receding…and the yachts are sinking. Bloomberg tells us that US$57 trillion has been lost — in stock and bond values — so far this year
Is Europe’s ‘Lehman Moment’ Close?
Although Liz Truss’s budget copped most of the flak for the massive intervention in bond markets, it was actually coming anyway. A number of big pension funds (like our superannuation companies) in the UK were caught on the wrong side of bond trades and were about to face a margin call.
Bank of England Turns
The BoE has made its pivot much too soon…and now they will make their economy even more dysfunctional than the US. But here, we are grateful to drug addicts, dumbbell central bankers, and bitter ex-spouses. The world needs jackasses…to show it where not to go and what not to do.
Pity the US, not gold investors
No gold investor could’ve wished for better. Lockdowns, epic fiscal and monetary stimulus, outright monetary financing by central banks, inflation, recession, stagflation, central banks so far behind the curve they’re unlikely ever to catch up, extreme negative real interest rates, a crash in other safe-haven assets like bonds, and the prospect of nuclear war. What could possibly be better for the gold price?
[WATCH] Closing Bell —Nearing a Selling Stampede
Two weeks ago, I warned you that things were looking as bearish as 2008. Since then, the S&P 500 has been down around 7% and is now resting on the edge of major support.
