I don’t think we have to worry about the gold market being overextended...Brief story: yes, gold has gone up a lot, but we’re far from a mania in it—and it’s going higher.
The BIS's gold swaps remain the most frequent and regular proof that central banks continue to intervene surreptitiously in the gold market for purposes the BIS refuses to explain.
There was a time when the word “millionaire” carried a certain weight. It described an achievement that was unusual, almost mythical. Today, it is the inevitable outcome of rising house prices, easy credit, and years...
I’m much more confident about what we’ll see over the next 5-7-10 years: a painful debt crisis, a “Great Reset” and then a much brighter future as the economy normalizes and new technologies boost productivity and living standards.
During periods of spiraling prices, central bankers and politicians purport to fight inflation by raising interest rates to slow lending, and curb public borrowing and spending...
Retailers are also reporting they plan the lowest hiring for the upcoming holiday shopping season in at least fifteen years. That takes us back to the Great Recession.
