Take a Trip with Jim Rickards — Part Four
Jim Rickards concludes his series of articles on global economies with commentary on developing economies and a summary of what he calls the ‘domino effect’. Read on to find out more…
Macroeconomics: Global Central Banks News & Highlights
The Fed’s Tragicomedy
The curtain goes up on the first one as the newly Republican House of Representatives brings out a cannon: the debt ceiling. They say they’re going to fire it if spending…some spending…on projects they don’t care for…is not cut.
And so, the dramatis personae are in place. The battle begins.
The Fed’s Baby Steps
‘Investors’ are so accustomed to a rising market…so used to the Fed goosing up prices…that they believe it must be helping them even when it raises rates. But there’s been a major sea change. The primary trend is running in the other direction
So the Bears Are Wrong…Right?
So it appears that the bears (myself included) got it wrong about the markets after the Fed announcement. Am I about to throw off my fur and put on my horns to join the bulls? Probably not. Knowing them for the-powers-that-be’s uncanny ability to try to get ahead of the narrative, their rhetoric will turn soon. They’ll talk doom and gloom and the markets could experience pretty dark days. Maybe I’ll be wrong…but do you want to be riding with the herd on this one?
About That Trade of the Decade
At today’s price, if you have 17 and a half ounces of gold, you can buy all the stocks on the Dow. That’s the same price as August 1929 and May 1962, etc. From 1929–2021, apart from dividends, investors made no progress in 98 years.
Take a Trip with Jim Rickards — Part Three
In today’s Daily Reckoning Australia, Jim Rickards continues his series of articles on economies around the world. We continue our ‘travels’ with Jim in China, the UK, and Japan. Read on to find out more…
