We discuss how Central Banks in England, Europe and Japan in concert with the United States has created the biggest levered up carry trade of all time in financial markets. The unwind of this trade is going to crash financial markets!
"The party this weekend was an example of the third stage. Wives were walking around with freshly injected lips and botoxed faces. Men were brandishing new Rolex watches while bragging about their latest acquisitions. I now know more about their personal stock portfolios than I do about their children’s latest successes."
Copper is up 20.85% this year, a harbinger of returning 1970's style inflation. Goldman Sachs is taking a bullish view for 2017 in sharp contrast to their admittedly "bearish expectations" for 2016. Here's why
European and Asian shares rose again and S&P futures were little changed, as world stocks were set for a weekly gain and held near 16-month highs on Friday, while the euro steadied after swings following the European Central Bank’s decision to extend its stimulus program.
Can Trump-economics prevent the asset price inflation now infecting the global economy - with its origins in the radical monetary experiment under the Obama Administration - from moving on to its late deadly phase?
We, and the rest of the world, are patiently hanging around, waiting to see if the Federal Reserve wakes up to what’s happening to dollar liquidity, and the threat it poses to the global economy and to its own (glacially slow) tightening cycle.
For 90 min, the panicky speculator herd stampeded. Then market makers reasserted control. No, not over price--of spread! They did not manipulate the price of gold upwards. They decarried gold, that is, sold spot and bought futures.