This long overdue structural reset is one reason that we think inflation could run higher than pre-covid levels for some years to come. But the Fed is limited in its options..
There must be consequences to something as important (to a Keynesian monetary system) as gross distortions born of excess and previously free license to inflate the system at every deflationary turn.
At the moment, cash is king, but that might be short-lived. Merryn Somerset Webb thinks cash holdings, which CNBC reports at near-record levels, might be another ..
Corrections in Gold tend to be limited to 8% to 10% at the most while corrections in the gold miners tend to be limited to 15%. The exception is when you get a vertical recovery, like..
China, for much the same reason, is buying physical gold from other countries and also from gold miners within its jurisdiction. In fact, China recently announced they have record holdings of gold.
