I had a drone...
Today we have a hint that gold is withdrawing its bid on the dollar because not only is the price of gold rising but the scarcity of gold as we measure it has also been rising.
George Galloway says what some others will not.
While CNBC and the financial media are pushing the “stocks going to the moon” narrative, another asset class as just staged a once in a decade breakout.
This asset class is absolutely HATED: it'ss the single least liked asset class for the entire investment advisor community.
Hedge Funds, Investment Advisors, and Individual Investors have all piled into the same trade.
The fact is, stocks are poised for a sharp correction (at least) based on what's happening in China...
As ZeroHedge noted yesterday, the Chinese Yuan is now triggering a level of volatility that was last seen right before the 2016 stock meltdown.
Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. More countries will now follow suit.
“So what, who cares?”, you might be asking. Everyone should care, because this trend is ending.
Globally over $52 TRILLION in debt is denominated in $USD. And Janet Yellen is talking about three rate hikes in 2017?!?
Indeed, stocks will be lucky if they don’t crash like they did in August ’15 based on what China’s doing with the Yuan.
Is China about to fire a warning shot on the US Dollar?
Mark my words... Yellen will be pushing for a cash ban in the coming months.
Paired with the crash in Copper we noted last week, this is a NASTY “one, two” punch to the “growth" story for any stock market bull.
2016 was the year in which the 7th and 33rd largest nations by GDP went effectively cashless… and no one lost their jobs over it. 2017 will be the year this policy spreads like wildfire.
This is a key “tell” and it’s telling us… point blank, that the “growth” trade that hit post November 8th is out of steam.
This time around it's bondholders, but during the next crisis, depositors will be on the hook.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.