Relentless rate hikes and QT mean that the destruction of the US stock, bond, and real estate markets is essentially assured. Interestingly, the big question is not whether these markets will crash or not.
“If I were the Fed chair, I would have raised rates early in the fall. When we get this broad-based increase and it starts making its way to wages, you’re behind the curve and you need to start moving.” - Ethan Harris, Head of Global...
With the Fed set to hike rates and kill QE, markets are in turmoil. Some bank analysts are forecasting seven hikes this year.
Where’s Jay? As the US stock market tumbles, investors (who have devolved into QE welfare worshippers) want to know where their “sugar daddy” Jay Powell is.
If a nation of libertarians espousing gold as money can be viewed as the centre of the global politics spectrum, it’s painfully obvious that most of the world’s governments and political parties are far to the left of this mighty marker.
To understand the financial sea change occurring in this stage of the ongoing demise of the American fiat empire, after being knocked down repeatedly himself, George Foreman finally knocked out Ronnie Lyle, and announcer Howard Cosell...
As 2022 begins, most of the world’s governments have no savings, face each new crisis with more debt, and enjoy bragging about themselves to financially impaled citizens.
“Stay away from fiat money…. It’s fake money made of paper and lies.” - Ricardo Salinas Pliego, Chairman of Grupo Salinas, Dec 24, 2021. Ricardo is one of Mexico’s most successful business owners, and a bitcoin enthusiast. I’m less...
With inflation surging, QE headed to the scrapyard (for now), and imminent rate hikes taking the main markets stage, gold looks solid… and feels solid too.
Most market analysts believe the Fed got inflation wrong. They feel higher prices are not transitory and the strong arm of the Fed will push gold modestly lower in 2022.