Retirement Lifestyle Advocates
Your Portfolio Watch Weekly Update November 6, 2022
The Chinese Yuan is gaining favor around the world at the expense of the US Dollar.
Happy New Year! And, with the new year comes higher taxes, thanks to the Washington politicians.
As the year 2022 comes to a close, and we look forward to next year, it is difficult to move ahead, anticipating a better year economically speaking.
In reading an article penned by Egon von Greyerz this past week, I was reminded of the prescient writings of George Orwell as it relates to where we now find ourselves economically and politically.
The push toward central bank-issued digital currencies continues as inflation continues to demolish purchasing power around the world.
Financial assets like stocks and real estate don’t react well to deflation. Ultimately, I believe stocks will have to go much lower.
Despite the recent rally in stocks, when analyzing longer-term price charts, it is my view that stocks remain in a downtrend at this point in time.
With the recent bankruptcy of the cryptocurrency exchange FTX, there has been a lot of renewed focus on cryptocurrencies.
The Federal Reserve will ultimately ‘pivot’ and begin to pursue easy money policies once again via lower interest rates and quantitative easing.
Over the course of this year, the disparity in pricing between the paper or “spot” price of precious metals has widened. Put another way, the “premium over spot” at which physical precious metals sell has increased in calendar year 2022.