This gold run is absolutely insane:
Gold just made its 38th all time high of 2025 with gold futures now up +43% year-to-date.
This puts on gold on track for its best year since 1979 as the Fed cuts rates into 3%+ inflation.
Gold knows what's coming next.
Gold will be a bigger % of global FX rsvs than USTs in a few mths
Central bank gold ($4.3T) will likely soon be > total USD assets in FX rsvs ($6.7T)
Consensus only now shifting from "denial" to "anger" stage of grief on this...bargaining, depression, acceptance still to come…
The Fed just quietly admitted we’re in stagflation-lite.
Powell said it best: "Risks to inflation are tilted to the upside and risks to employment to the downside, a challenging situation."
The economy is stuck between jobs slipping and inflation holding.
(a thread)
The US National Debt has already increased by $1.3 trillion since the Debt Ceiling was raised less than 3 months ago.
Video: youtube.com/watch?v=rnZ0qn…
There it is:
TRUMP: “We will have the majority, shortly, on the Fed board.”
As we outlined this morning, Trump isn’t firing Powell, but he wants control of the Fed board.
There it is:
TRUMP: “We will have the majority, shortly, on the Fed board.”
As we outlined this morning, Trump isn’t firing Powell, but he wants control of the Fed board.
🚨 Japan’s long-term yields are going vertical.
Yields on 10Y, 20Y, 30Y, and 40Y JGBs are soaring to multi-decade highs.
This could reshape global capital flows and slam U.S. Treasuries.
(a thread)
Case-Shiller Home Price Index in USD (blue) - up 88% last 10 years.
CSHPI in gold (red) - down 36% last 10 years.
CSHPI in BTC (purple) - down 99.6% last 10 years.
What they won't tell you at today's productivity summit:
Everything is cooked.
Businesses face astronomical land, labour & energy costs. Why?
Albo hitting the pedal on the mother of all immigration programs in order to flip electorates has thrown kerosene on the mother of all…
What they won't tell you at today's productivity summit:
Everything is cooked.
Businesses face astronomical land, labour & energy costs. Why?
Albo hitting the pedal on the mother of all immigration programs in order to flip electorates has thrown kerosene on the mother of all…
I think UK, EU agree to end the Ukraine war today, regardless of what Zelenskiy may want.
1. China’s REE export ban has disrupted US weapons production, always inefficient and slow anyway, so every missile and AD (air defence) interceptor used by Israel against Gaza, Lebanon,…
I think UK, EU agree to end the Ukraine war today, regardless of what Zelenskiy may want.
1. China’s REE export ban has disrupted US weapons production, always inefficient and slow anyway, so every missile and AD (air defence) interceptor used by Israel against Gaza, Lebanon,… https://t.co/kDBc5PoaDU
1/21 Preventing the Gold Flow to Enable FX as Reserves and the History of Monetary Central Planning Failures from 1873 Europe, 1898 India forced FX as reserves in 1922 to the Present Day.
The BIS is once again pleading to organize and centralize the Gold flow.
The Gold flow…
@scientificecon
Hello Richard.
Thank you for your thoughtful response to my comments on your interview with Tucker Carlson on the Fed. I am especially happy to know that your view is similar to mine in that you agree that the Fed is not even necessary to a sound monetary system…
Trump insists the U.S. is the hottest country in the world now. If it's hot, it's only because he's helping to burn it down. The U.S. dollar is on the verge of collapse, which will impoverish the vast majority of Americans whose living standards depend on the overvalued dollar.
Imports from India now face 50% tariffs. Trump may end up exposing the U.S. consumer as a paper tiger. A dollar crash will impoverish Americans but enrich foreign consumers, particularly the BRICs. The death of the U.S. consumer means the birth of the emerging market consumer.
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