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Hobson’s Choice – Rising rates or a currency crisis
Just how much red pilling can a market take? How about the realisation that the economic recovery following the 2008 financial crash as been an illusion based on monetary easing that was conducted in a way to disguise the inflationary consequences, overstate economic growth while forcing investors up the risk curve, where they will be […]
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 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 […]
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