What will the year ahead hold for precious metals investors? Well, it's often said that history doesn't repeat but it rhymes and that will be the case in 2023.
While there were no surprises, one of the dominant themes was the blind spot I pointed out a few months ago that I said the Fed would get hung up on, causing it to over-tighten as it moves forward.
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021. The ratio is now 420% across advanced economies, and 330% in China.
WFC has more red flags, which we did not discuss in detail due to the limitations of the article, such as its various litigation issues, the bank's off-balance sheet items, and...
Stocks were expected to soar if CPI came in below expectations, and, in fact, it came in below all expectations polled. So, the initial takeoff was not a surprise, but how the market took an engineless glide path down..
Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to the “mother of all economic crises.”
