In 2022 the gold price has started to validate our projection from last December, and 2023 should see a bull move in gold miners emerge for all to see (and one day chase due to FOMO)
It’s not going to get better for the housing market. Despite an 80 basis point decline in 30-yr fixed rate conforming mortgages (20% down, minimum 740 FICO), the mortgage purchase apps index declined 0.1%..
Right from the start, 2022 became the year the stock market imploded with all major indices down and down … and down some more all year long. So far, this is the year Santa’s slay didn’t soar..
Even if the Fed were to change course at this point, it won’t make much difference. Sure, investors would belly up to the bar for another round of cheap credit, but what comes after will be worse.
Until now, I’ve read no one agreeing with my views about Powell’s labor blindspot being a source of peril for all of us, which could prove to be the biggest Fed error in history.
The charts all look bad … REAL BAD! First, let’s look at the Dow, which I noted earlier was the only major index that had pulled out of its bear channel, but it had topped out..
Not only has China outspent the U.S. and led the world on infrastructure investments, it has also worked relentlessly over the past decade to lock up the world’s metals...
