The Fed and its various talking heads (with Yellen in the side car) are in the game trying to manage our expectations about the inflation they enthusiastically created..
Obviously, present-day China is radically unlike any point in US history. But with that caveat, it bears some striking similarities to one part of our past. Today we’ll look at that period and see what it can tell us about China under Xi Jinping.
Those wishing to escape Schiff's "twilight zone" and discover the explanation for gold's failure to reflect soaring inflation can visit GATA's internet site for a comprehensive summary..
Gold is really out of favor after suffering several sharp selloffs in recent months on Fed-tightening fears. Speculators trading leveraged gold futures have been mostly short selling, while investors..
Even if inflation is here to stay, we are not going to see the Fed (or other advanced economies) central banks raise interest rates in the manner of the late 1970s. Why? Because central banks are trapped..
This combination of too many dollars chasing too few goods is a classic formula for inflation, and on a rolling average basis we have indeed experienced the highest rates of inflation this past spring and summer that we have seen in the last forty years.
Milton Friedman was wrong. Inflation is not always and everywhere a monetary phenomenon. Useless ingredients are the unnamed force behind the UK's Energy Crisis.
But I'll remind you again that no uptrend goes to infinity and no downtrend goes to zero. So, EVENTUALLY, the current downtrend in precious metals prices will end and things will turn up again.
