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US 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 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 […]
Continue readingGoldilocks, or just cognitive dissonance?
So 9 years after Mario Draghi salvaged markets with his infamous “Whatever it takes” promise by the ECB, his current counterpart at the US Federal Reserve, Jerome Powell is attempting to repeat the trick, with his testimony to US House of Representative this Monday (21st June) where he promised “We at the Fed will do […]
Continue readingGold slumps – forming a ‘Macron bottom’?
So what’s up with the Gold price, which has tumbled by approx -5% in less than 48 hours? While 10 year US treasury yields are barely changed, a falling gold price on a rising US dollar suggests the Fed may be forced kicking and screaming back onto a monetary tightening tack and this also seems […]
Continue readingWhat if?
The progression of the Wuhan ‘lab leak’ hypothesis from conspiracy theory to mainstream consensus provides a salutary lesson not to accept an already implausible narrative because powerful vested interests would rather you did. So consider this and the potential ramifications. What if the S Spike protein is the pathogen responsible for platelets to clump and […]
Continue readingHear anything?
“When the music stops, in terms of liquidity, things will be complicated,” Chuck Prince (former Citi CEO) said in 2007. “But as long as the music is playing, you’ve got to get up and dance.” . [videopack id=”15651″]https://growthrater.com/gr_web_m1/wp-content/uploads/I-dont-hear-a-thing.mp4[/videopack] UK house prices are up another +10.9% according to the Nationwide and stock […]
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