...the aggregate nominal wealth of the Bottom 50% of American households has fallen almost 10 percent over the past 20 years, which is politically destabilizing and explains much of the conflict in today’s body politic.
Stacked full of bullion banks trading gigantic volumes of synthetic paper promises, the London Bullion Market Association is in need of serious reform.
Following the unexpected plunge in producer prices, analysts expected consumer prices to rebound in September, but it didn't as CPI was unchanged MoM and up 1.7% YoY (less than expected).
"...the Fed is monetizing more debt not doing QE than when they were doing QE, which means they are doing it and they are going to have to do more of it...this is a gigantic time bomb; we just have to make sure that the fuse is longer. "
Gold holdings in bullion-backed ETFs have expanded for 17 days in a row, the longest run of inflows since the global financial crisis, bringing total gold ETF holdings to an all time high.
...the debacle of WeWork, Uber, and Slack forced the Vision Fund to write down that investment value... and SoftBank’s aura of infallibility has been pricked...
US equity indices suddenly slumped sharply lower after a Reuters report that Chinese officials had said the the US blacklisting of 28 Chinese companies had "damaged goodwill" and that as a result, "Beijing has lowered its expectations from the progress of trade negotiations."
"How can they claim that this policy was a success if they couldn’t reverse it? The whole rally in the dollar, the whole decline in gold, was all predicated on people believing the Fed. Well, the Fed are a bunch of liars."
