The global economy is so screwed up right now that even a team of MIT eggheads using a supercomputer and petabytes of economic data couldn't predict where interest rates will be in 30 days, let alone two years out.
Peter Schiff notes that current bubble in financial assets eclipses even the year 2000 dot.com mania. However this time, policymakers have fewer economic tricks in the magic hat...
Total gold open interest at the close Friday exploded by 32,751 COMEX contracts, a very depressing number -- and I'm hoping/praying that it's spread related.
We have plenty of other problems and don’t need more, especially rising energy prices as the economy slows. Nonetheless, that seems to be what we will get.