“We’re going to have to rely on putting money in people’s pockets, on direct government spending”…
A near-term trading range looks likely...
The money to push gold over $10,000 per ounce has already been printed. And now they are going to print more.
In process they’ve now created a massive asset bubble. When and how will it pop? We can only know after the fact, but if it does you know who to blame:
...indicative that even negative interest rates shouldn't be considered a major aberration, & may stay there permanently.
"The system cannot work without leverage, but a system with too much leverage is unstable."
The top five U.S. companies now make up 18% of the total market cap of the S&P 500, the highest percentage in history, according to Morgan Stanley.
This week's kickoff of earnings season comes with low expectations for profit growth but high expectations for stock prices.
That doesn’t mean the possibility of inflation running hotter-than-expected should be dismissed entirely.'
Gold, had its best year since 2010, climbing as much as 18.31 percent. The yellow metal’s role as an exceptional store of value shined brightly in the second half of the year when the pool of negative-yielding debt around the world began to skyrocket...
As we said, one simply can't make this up anymore.
And a tech fight risks dividing the world.
The potential ratings volatility embedded in corporate debt has huge implications for banks, which have been “transforming” crap collateral into high IG in order to partially satiate the investor demand for low- or no-risk paper.
Let’s have some fun…I grew up in the Johnny Carson era, and saw lots of funny episodes and comedians over the years.One of my favorite things was when he’d say something like “She is so fat…” and the audience would scream out “how fat is she?”The Millennial or Gen-Z crowd may hear that setup from other comedians today, but Johnny Carson’s show was the father of it.
In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.
With the widening US budget gap, it is no longer a secret that such a high level of federal spending is unsustainable and the resulting debt burden has become a worry for the global economy.
"Jeff Clark was interviewed at the Vancouver Resource Investment Conference earlier this week, pointing out just how small the gold and especially silver markets are...
"Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion" in the first quarter of 2020, the IIF said.
It was supposed to be a one-time, year-end "liquidity event." Instead, it has transformed into the latest liquidity addiction within the financial community.
A year of the vanishing Fed (and global central banker) put and a surprising turn in central bank policy (by the ECB), weakening global economic growth and less than expected corporate profits (again...