The massive change in market dynamics reveals the extent to which the blinders came off about recession and some of the fantasy about soft landings disintegrated.
CB gold buying in 2023 built on the 2022 record, the highest level of net purchases since 1950, including since the suspension of dollar convertibility into gold in 1971.
Recurring issues of inflation, instability, crises, slow growth, and transparency show where Federal Reserve policies and the fiat currency system have struggled to meet their objectives.
Those who claim deficits don’t matter ignore that interest on the national debt will soon be the largest federal budget item, potentially consuming up to 40 percent of federal revenue.
Ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in the stock market. Instead of a soft landing, the economy may be careening toward recession.
