Tag Archives for " QE "

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 […]

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Fed 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 […]

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Gold 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 […]

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‘Moar’ central planning call by new ECB chief

“Moar, Moar and Moar” seems to be the message from the ECB’s new president, Christine Lagarde in her first speech in that role. ‘Moar’ EU and EMU, ‘Moar’ fiscal loosening and therefore ‘Moar’ monetary indulgence that will be needed to pay for it. Perhaps more worrying however, was the central planning sub-text running through this […]

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What equity valuations might be trying to tell you!

Hang on, according to the ‘experts’, this wasn’t supposed to happen! Having been fed a diet of gloom by everyone from Hedgies (Bridgewater), Academics/Economists (Dartmouth/MITI/Krugman), Banks (Citi) and wealthy investors (Mark Cuban – see end for links) should Trump get elected, markets have done what they do best and confound the experts, with US equity […]

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“Beware the Ides of March” – FOMC rate increase more likely after February’s US jobs data

“And standing here tonight, I’m afraid that I don’t hear – a – thing. Just… silence. …” John Tuld – Margin Call   We are approaching what may prove to be a formative FOMC meeting on 15-16 March. After earlier macro growth fears out of China and a widening cadre of central bankers going full retard with NIRP, there […]

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Market complacency may be its undoing

Welcome to the Q1 reporting season. If you hadn’t noticed yet, Easter came early this year (good for retailers, airlines etc) and there is a minefield of shifting currencies and commodity prices to adjust for as well as some decidedly mixed macro data coming out from the major trading economies. If you’re selling out of […]

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