Recession was already a strong possibility even before the shooting started… and the genie is out of the bottle even if the shooting stops. The Russian sanctions will continue, which means..
But it appears their bigger concerns at the moment are the implications on that debt pile with a bust into the next deflation scare and secondarily, a bear market in stocks.
Conditions proved so dire in nickel, that the LME actually defaulted in every sense of the word, in order to save the banks, led by JPMorgan. No actual contract or exchange defaults occurred (or were reported) in oil, gold or silver..
"We will let you know what we are doing once we know what we are doing" -- was the message from the Federal Reserve statement and Chair Powell’s press conference.
I see the war in Ukraine, covid, supply chain interruptions, inflation and climate change coalescing into a perfect storm of unaffordability that could eventually erupt into mass social unrest. When people can’t afford..
Back in November, we noticed a new trick being employed to manage and manipulate the COMEX gold price into month-end expirations. Here's an update and explanation of why and how this is occurring.
Globalization brought with it the mentality that all countries are free traders, and friends. But it seems globalization doesn’t work very well when commodity exporting nations are fighting each other.
