Must-read of the day goes to the Wall Street Journal editorial -- “Beneath the GDP, a Recession Warning”. A far more accurate reading of overall economic activity, otherwise known as GO or Gross Output, came in far more meekly at +1.2% annualized in Q2 after near-stagnation of…
You can't make this up:
The US Dollar is depreciating so quickly that Apollo says it will spark more inflation.
According to the Fed's model itself, every -10% drop in the US Dollar results in a 30 basis point boost to inflation.
This year alone, the US Dollar Index is down…
You can't make this up:
The US Dollar is depreciating so quickly that Apollo says it will spark more inflation.
According to the Fed's model itself, every -10% drop in the US Dollar results in a 30 basis point boost to inflation.
This year alone, the US Dollar Index is down… https://t.co/aa2qhxgbkw
Gold miners made this move a few weeks ago, and now junior silver miners are beginning to break out relative to the price of silver.
Although the metals themselves are still undervalued compared to the money supply and other financial assets, it’s important to note that…
The annual GDP revisions released last week put a brighter hue on the economy’s performance so far this year, but the economy’s performance and near-term prospects remain far from bright. The biggest upward revision was to consumer spending, and as I’ve shown in previous posts,…
This is insane:
As the record run in gold accelerates, US gold reserves just exceeded $1 TRILLION for the first time in history.
The US now holds ~2.4 TIMES more gold than Germany, the 2nd-largest holder in the world.
What is gold telling us? Let us explain.
(a thread)
NEW: Father of 22-year-old woman who was brutally killed by a career criminal, absolutely unleashes during a House hearing against soft-on-crime policies.
"[He] dragged her out of bed naked, forced on her knees with her hands over her head ... BANG! Dead. Gone."
"Why? Because…
Wow, have you known that there are 109 Chinese car brands by now? Even if just 10% of them survive at the end of the day, legacy carmakers in Europe and Asia are toasted. Buckle up.
One of the most important intermarket relationships right now carries significant relevance for what comes next in terms of risk-on vs. risk-off allocation.
Bitcoin is at a critical make-or-break level when measured in gold terms.
Excellent work by @Callum_Thomas:
"For example, when compared to all other ETFs, gold ETF “implied allocations“ have only just made new multi-year highs… but remain well below long-term average (and previous highs).
If there’s a bubble in gold, it isn’t on display here."
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