The Federal Reserve is SECRETLY papering over some enormous cracks in the global financial system. All the central banks around the world are stuck between the proverbial rock and a hard place. The largest nations are on the brink of collapse! We’ve been talking about this sovereign debt crisis for…
For several decades now, the US has pursued the policy of transferring monetary inflation to asset markets, particularly financial assets, while pushing down the share of GDP going to labor income, keeping consumer inflation low. China and immigration helped sustain this policy.. ..Can this game go on for another decade?…
Is currency intervention an option? First, many currencies were soft vs the USD last week, but the GBP was the worst among them, staging a historical weakening move, with momentum accelerating on Friday especially. Second, the move was truly historical relative to the move UP in UK interest rates Here…
So it appears that, economically, the only question at this point is “what will break first?” Here’s 10 looming issues to watch: One: The European Energy Crisis This is obviously the 600 lb gorilla in the room. Europe was seeing energy prices go up dramatically even before Putin invaded Ukraine,…
We’re about to experience a sovereign debt crisis caused by the Europe energy crisis, all a capstone on the 100 year fiat expirement. Here’s how I think the next 6-8 months go down: Putin strongarms Europe by shutting off Energy pipelines, causing a spike in prices. This causes energy prices…
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