Bulls will breathe a sigh of relief that on the 33-year-anniversary of Black Monday (when the Dow dropped 22.6% on this day in 1987) futures are sharply higher, at least for now.
...silver should be bought for wealth preservation purposes and not for speculation. Therefore it must be held in physical form outside a fragile banking system...
After inflating the biggest bubble in history, the Fed suddenly realizes that it lacks sufficient tools to "stop firms and households" from taking on “excessive leverage” and has called for a “rethink” on “financial stability” issues in the US.
"The foundation for investing so much money in China is unstable... One must invest very carefully in China and be skeptical of all the numbers that are presented."
"By dramatically lifting the markets, the Fed may have caused some people to believe that it will always do so – that there’s a "Powell put" that can be counted on to keep things humming."
"This set-up of continued low real rates and a widening current account deficit in the US will act as a reflationary impulse for the rest of the world, especially EMs, setting the global economy on a path towards a synchronous recovery in 2021."
In a world of endless lies and constant hypocrisy, hearing at least one financial official admit the truth that it is "awesome" to see one's currency collapse, is delightfully refreshing.
Clearly, Beijing believes that if it pushes hard enough, Ottawa might fold. Otherwise, Ambassador Cong Peiwu probably wouldn't have said what he said on Thursday.
A world where all news stories are held to the same evidentiary standards as Hunter Biden’s emails are currently being held would be a world without empire...
