The two big (arguably non-) events next week are of course the FinMedia BRICS-speculative narratives plus the Kansas City Fed’s annually-sponsored summer camp at magnificent Jackson Hole.
All these thoughtful people independently send the same warning signal from different disciplines of a severe crisis later this decade or in the early 2030s.
If consumers hold out all they can against inflation and workers strike all they can for better wages, maybe they might wrench a little blood of out those sugar beets that live at the top.
What truly burns my buns are articles that present market fallacies as the basis for their "analysis." And, sadly, this is all too commonly seen in the metals complex.
An insecure regime is a dangerous one, which explains the radical language from the beltway, the escalation of domestic surveillance, censorship, and financial warfare.
California cities are so saturated with crime, they are losing their largest and oldest retailers, while Midwest small towns are losing their entire police forces.
History records countless examples of currency debasement: the steady reduction in a money's precious metal content or "backing" (principally gold or silver). The currency then depreciates.
Absent a very dire turn of events, it is hard to envision gold and silver returning as a circulating currency. People won’t part with their metal unless they are out of choices.
