The Fed can’t wring liquidity out of the economy in the good times, so inflation never goes away. In crisis, the central bank piles more inflation on top of what was already there.
Confidence has been shaken a lot in recent years. When it finally breaks, investors may want to be out of the way. Confidence is the intangible force helping to hold markets up.
According to one economist touted in headlines: In the face of instability, it's nice to know of the U.S. “world’s best economic recovery” with a landing “so soft” there's no need of ever landing at all!
Haggith questions the accuracy of the reported GDP growth, stating the inflation-adjusted figures are distorted, leading to a misleading perception of economic strength.
No one can say for sure how deeply gold will correct before it turns to embark on a spectacular run-up, but I wouldn’t be surprised to see it take out October’s lows near $1600.
What perplexes us is placing a proper valuation on Bitcoin versus its price. We know ad nauseum that Gold today is priced at basically one-half its dollar debasement.
Hemingway's novel The Sun Also Rises has a line that’s now a familiar quote: “How did you go bankrupt? Two ways: Gradually and then suddenly.” Thus goes the United States.
Moriarty says it's important to prepare for the worst based on geopolitical instability. He recommends listeners keep cash and food on hand, and keep your car fueled.
