Financial markets are about to witness one of the most epic migrations of capital in history as investors rush into hard assets, warned Larry McDonald. With the national debt approaching $35 trillion, there are only two ways out of the situation — defaults or printing more money. A commodity bull market will dominate the financial […]
“It is held by central banks for this reason,” he said. “In fact, gold is the third-most-held reserve currency by central banks.” Ray Dalio, the former Bridgewater Associates CEO said he is holding gold as a hedge against a potential debt crisis and higher inflation. The IMF projects that public debt in the world’s two
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Fed chair ignited rally by signaling rate cuts in December. Housing, insurance, commodity prices among contributors. Traders now see just one to two rate cuts this year from
What Went Wrong With US Inflation Read More »
According to Ing, the biggest global economic threat is growing debt problems in the U.S. Since 08 the supply of Treasuries has risen 5X to more than $25 trillion. One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in
Investors Will Want to Own Gold as ‘America Faces a Debt Reckoning’ Read More »
The Treasury is on track to borrow over $3 trillion this fiscal year, 50 percent more than previously estimated by the Congressional Budget Office. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger but also caused inflation, which forced up interest rates. That was the
The Fuse on America’s Debt Bomb Just Got Shorter Read More »
While geopolitical uncertainty is important for gold, there are other factors we need to pay attention to: growing fears of a credit event leading to a recession. The chaos in the Middle East caused by the Israel-Hamas war is providing solid momentum for gold but there is more going on in the market than just
The Gold Market to Jay Powell: ‘Bring It On’ Read More »
Here are some historical examples. The 1980s S&L crisis, Black Monday in 1987, The 2000 dot-com crash, & 08 Financial… A study published in May of rate increases for 17 developed countries over 150 years concluded that “monetary policy rate hikes that were preceded by a series of cuts (or a long period of low
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He said we can expect even bigger moves up when the markets figure out the inflation problem isn’t solved. On Friday, Oct. 13, gold charted a huge rally, up nearly $64 on the day. That represented a $110 swing upward from the low a week earlier. Peter said he thinks if gold can break through
Gold Rallies on Worse-Than-Expected Inflation News: Peter Schiff Read More »
The billionaire founder of Bridgewater Associates, the world’s largest hedge fund, flagged America’s record $33 trillion of debt as “risky.” Ray Dalio is worried about America’s borrowing binge and economic growth cooling. The billionaire investor warned of a “debt crisis” and a “meaningful slowing of the economy.” Dalio has previously flagged interest rates, civil unrest,
The US bond market is braving the biggest sell-off in history with benchmark yields quintupling since the end of 2020. The rout is far from finished and long-dated yields are set to extend the climb, according to BlackRock. Inflation, the Fed’s higher-for-longer interest-rate policy, and the rising US debt burden are weighing on the market.
BlackRock Warns the Worst US Bond Rout in History is Far From Over Read More »
