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September jobs report – no comfort here for more money printing!
Another government statistic and another opportunity it seems to spin it to support a corrupt narrative. This time, it is the monthly US jobs data for September, where the headline jobs growth of ‘only’ 194,000 is touted as evidence of weak economic activity and ergo an argument for postponing any discussion of tapering by the […]
Continue readingSingapore – another canary!
Is it a coincidence that Singapore, like Israel before it, is currently experiencing a surge in COVID deaths at almost exactly six months after the start of its vaccination programme? Both countries were early adopters of a mass vaccination strategy to an approx 80% coverage, with Israel kicking off in earnest around the start of […]
Continue readingNorway – the COVID success story illusion
Norway stands out as an apparent success story on managing the COVID pandemic. Assisted by its small population and inaccessible communities, the strategy of digging a hole and hiding in it until a vaccine is available appears to have been vindicated by the low rate of infections and mortality, notwithstanding it having also pursued a […]
Continue readingUS debt ceiling and the point of no return
What is the drifting gold price trying to tell us, because rising inflation and reckless government fiscal policies suggests impending currency debasement? Is this just another case of cognitive dissonance, that has accompanied COVID-19(84), or perhaps a temporary phenomena such as a big holder being forced to sell gold to raise USD to cover some […]
Continue readingNew Black Swan Variant
There seems no shortage of possible Black Swan events looming, although markets still seem fixated on the twin fictions; that we can borrow our way out of debt and that we can also vaccinate ourselves out of a pandemic. Unfortunately, endless repetition through a controlled media/Tech will not make either true and over the next […]
Continue readingFed flip-flops on tapering again – haven’t we been here before?
A solid monthly jobs report and the Fed rushes out some rumours that it may bring forward the supposed planned tapering. Yes, they’re that obvious! From the subsequent -6% drop in the gold price, it would seem a few precious metal traders were happy to take the bait, although the lack of follow through from […]
Continue readingThe insanity investment plan
Einstein’s definition of insanity is well known – “Insanity is doing the same thing over and over and expecting different results.” This however hasn’t discouraged some economists and central banks from arguing that all MMT (magic money theory) needs is just one more splurge of funny money to make it all come right. And as […]
Continue readingJune employment data – enough to keep the various bull(S) spin machines fed
June’s US non-farm payroll numbers probably contain enough straws for punters to continue to spin a positive prognosis for markets. A further rise in monthly private sector jobs of +662k, suggests the US recovery is building, but the modest increase in average earnings, given these are focused on the lower paid and more transitory jobs […]
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