While it’s entirely possible that this profligate money creation continues for a period of time, history teaches us that the ultimate destination at which we will arrive as a result of this policy is known. Inflation followed by deflation is now an almost certain outcome.
Is this the “Everything Bubble”? Past radio program guest, Mr. John Rubino, made a great case that we are now experiencing a bubble, unlike any bubble we’ve experienced historically. I have long been stating the same thing, pointing at stocks, bonds, and real estate in particular.
To say there is a lot going on in the world of finance, investing and economics would be a severe understatement.
The February issue of the “You May Not Know Report” digs into the idea of a pattern that has repeated itself many times historically. This week, I wanted to give you a preview of what you’ll see in detail in the February report; it’s very relevant to where we are presently economically.
Have you ever heard of a ‘crack-up boom’? You may want to get familiar with the term and what it means before you experience it.
Cryptocurrencies are making headlines of late. However, it's tangible assets that billionaires buying today to protect themselves from inflation.
Stocks advanced last week while precious metals pulled back. US Treasuries fell hard as yield increased and the US Dollar was marginally stronger as measured by the US Dollar Index.
Stocks and precious metals rallied going into year-end last week. The US Dollar continued its decline. Stocks remain overbought although they can remain overbought for quite a long period of time. Fed policy remains extremely accommodative and a continued rally in stocks and metals is possible due to money creation.
The Federal Reserve’s balance sheet began the calendar year 2020 at $4.2 trillion; it’s now $7.3 trillion and growing. Should the recently passed spending package become reality, add another couple trillion, give or take, to that total.