When the war began, Russia held about half of its reserves in dollar, euro, and pound sterling assets. The other half was in yuan and gold, which remain accessible.
The only price on the list lower than five years ago was bacon. The bottom line is price inflation is worse than they’re telling you. And they’re telling you it’s pretty bad.
The one thing about a dimwitted futures market is that what the market thinks or prices doesn’t make a dime’s worth of difference on whether we actually run out of oil or to what degree.
Harvey said Sagard is moving investors away from developed-market fixed income assets and into a “preservation bucket” that includes commodities, gold, real estate and infrastructure.
The lack of education in basic economics is why many confuse our current economic system with the free market and thus blame capitalism for problems caused by the government.
It may seem surprising that China is accumulating far more gold than they publicly admit, but it shouldn’t be. People who are paying attention have known this for a long time.
While higher yields can create short-term headwinds for gold, Weldon argued that expanding government debt and deteriorating fiscal conditions leave policymakers with few options...
Warsh is going to ease the burden of inflation on you by dumbing down the inflation gauge the Fed uses for its target to an even lower state of dumbness than it already has attained.
