Why does it take more money to buy the same things (aka inflation)? Because the Fed added money! The Fed’s increased its balance sheet 1,200% since 1999. The extra money drove up prices, first when it entered the financial system — on Wall Street. Later, the money made its way into the real economy, where it caused consumer prices to go up at the fastest pace in 40 years.
In today’s Daily Reckoning Australia, Vern discusses how now is the time to prepare for a world that’s going to be vastly different to the central bank nirvana of recent years. Vern thinks what’s is coming to our shores in the next months and years is going to be vastly different to the decade we’ve just experienced…just like the 1930s were nothing like the 1920s.
Instead of carefully studying the ledgers of public companies, investors and analysts are still enthralled by the same monster that created the Bubble in the first place. And now the question is: Will it ‘pivot’ this year?
In today’s Daily Reckoning Australia, Jim Rickards presents the third instalment of his series of articles on market signals. Today, he writes about yield curves and how to interpret them. Read on to find out more…
Reading the news, we find many ‘predictions for 2023’. The consensus view is that inflation will relent, the Fed will either ‘pivot’ or at least swing around to less of a ‘tightening’ program…and stocks will end the year higher.
In today’s Daily Reckoning Australia, we rely on central banks to run the economy and financial system. So, what if they haven’t got the slightest idea what they’re doing? What if they’re making it up as they go along and are causing more harm than good? Well, now we know…
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