In the first half of 2021, I bet that the inflation I had been predicting would rise so hot through the year for so long that it would kill the stock market bull. It’s time to call the bet.
Gold will need to see its ‘real’ (commodity adjusted) prices start to rise before a negative macro is definitively indicated. Today we are in a transitional phase..
Trying to restore something like normal, with positive real rates and a reasonable balance sheet, won’t be easy. The Fed will need a lot of luck to kill inflation without causing a recession.
The bottom line is the Fed caved on its last quantitative-tightening attempt, abandoning it years early. Once that tightening forced stock markets to the verge of a new bear, the FOMC lost all courage to keep normalizing.
Are you starting to think that maybe the reason people are telling you “the economy is strong” is to convince you of some other reality than the one you are living.
Bitcoin has been touted as a gold alternative in a portfolio.
However, two reasons this does not hold are that Bitcoin does not act as a portfolio diversifier..
Keith Neumeyer joins us to discuss his thoughts on:
The silver & gold markets
The bullion banks pricing control of the silver market
CPM Group & Metals Focus data reporting about the market
Any group of individuals given the power to manipulate the money supply, and manipulate the interest rates that are the price of money, poses a threat to our liberty and prosperity.
