Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 30, 2022 - 08:44:47 PDT
The Hindenburg Omen has flashed red repeatedly since the financial crisis, yet the S&P 500 index has kept rising. The reason? Repeated policy errors by The Fed leaving monetary stimulus in place for too long leading to a bubble forming in the stock market.
No matter what, it feels to me like a new, bifurcated global economy waits in the wings and that it is only a matter of time before gold once again gets the starting nod to do what it does best: preserve wealth, store value and help act as sound money.
The topic of de-dollarization has taken on new life, a result of major geopolitical conflicts around the world. And the ultimate act of de-dollarization would be a non-US country initiating a gold standard. Russia grabs a lot of headlines right now, but the leading candidate for realistically instituting a gold standard is China.
Gold steadied on Wednesday, buoyed by a weaker dollar and a slight pullback in U.S. bond yields, while investors awaited more details from Russia-Ukraine talks in Turkey.
Final Q4 GDP Estimate Below Expectations On Weak Consumption, Attention Turns To Looming RecessionMar 30, 2022 - 06:51:26 PDT
Finally, and the reason all of this is irrelevant, is because Q1 GDP is currently on the verge of contraction, and considering where the 2s10s is, we are confident that a recession is now just a matter of time.
Is the US about to go the way of Japan?The Japanese yen tanked after the Bank of Japan vowed to buy an unlimited number of Japanese government bonds in order to hold the 10-year yield under its 0.25% target.
Mar 30, 2022 - 05:57:21 PDT
The long end of the yield curve rallied strongly on Tuesday with the middle of the curve pricing in more hikes by the Fed. More inversions signal a recession sooner rather than later.
Mortgage Refinance Demand Plunges 60%, As Rates Hit Their Highest Level Since 2018Mar 30, 2022 - 05:55:10 PDT
Driving the downturn in overall mortgage demand was a 15% weekly drop in refinance applications. They are now down a whopping 60% from a year ago. The refinance share of mortgage activity decreased to 40.6% of total applications from 44.8% the previous week.
President Biden Says "I Feel Your Pain” President Biden Says "I Feel Your Pain", He Means His Pain in Polls. ‘I know food prices are up, and we’re working to bring them down,’ says President Biden.
Biden and Inflation Go Hand in Hand
We currently have deeply negative real interest rates - meaning that short-term interest rates are far below the current rate of inflation.
The new normal for bonds is that they become more and more about simply guessing at central bank moves, and less about real-world fundamentals because investors will turn elsewhere to express such views -- precious metals, various equity sectors, commodity baskets and so on.
As prices spike, workers are running out of money faster: Now, 1 in 5 say they can't make it from paycheck to paycheck.
Fiat currency is a “promise” to repay a debt obligation and nothing more. A hard asset-backed currency is a guarantee that repayment will occur.
The U.S. said Ukraine’s capital Kyiv remains under threat even after Russia promised to scale back military operations there.
Mar 30, 2022 - 05:35:33 PDT
More money for science and technology research, dealing with climate change, modernizing the nuclear triad and deterring Russia in Europe and China in the Indo-Pacific region are among the priorities outlined in President Joe Biden’s fiscal 2023 defense budget request.
No Breakthroughs From Talks, Limited Russian Pullback Near Kiev Amid "Colossal Attack" On ChernihivMar 30, 2022 - 05:33:21 PDT
Russian attacks and shelling have reportedly continued near Kiev and the Chernihiv, following Tuesday's Kremlin declaration that it would draw down some units in these areas coming off negotiations with Ukraine in Istanbul, something met with skepticism by NATO and the Pentagon.
We've seen a number of inversions in the Treasury bond yield curve over the last couple of weeks. This is a recession warning signal.In his podcast, Peter Schiff said the markets are right about the looming recession. But they're not getting the whole picture.
For those of us interested in what's truly going on within the financial system -- the who, what, why & how behind it all -- there are few better sources than a highly-informed investigative financier with a talent for engaging storytelling. One of the best is Nomi Prins, former partner at Goldman Sachs turned financial journalist & author.
Mar 29, 2022 - 13:14:48 PDT
When numismatist John Kraljevich of Fort Mill, South Carolina opened a box containing a unique solid gold medal that an auction house asked him to authenticate, his jaw dropped.
"The loss of citizens’ purchasing power over decades was scarcely enough to drive states to introduce monetary reforms. It is not surprising that a newly-cast pariah state is embracing gold in a desperate bid to recapture some semblance of normalcy." ~ Peter C. Earle