Meanwhile, Traders Are Getting Angrier With Every Passing Day

Meanwhile, Traders Are Getting Angrier With Every Passing Day

Over the past few weeks, one recurring theme has been that experienced traders and analysts have simply given up trying to figure out the market, and no longer have an idea how to trade what for the past 7 years has been a centrally-planned policy vehicle. As a result they are getting exasperated, confused, desperate and simply angry. First it was Richard Breslow; then it was Albert Edwards who was clearly disgusted when he uttered the following appeal: I’m not really sure how much more of this I can take….

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“A Scramble For Gold Has Begun”

“A Scramble For Gold Has Begun”

Authored by James Rickards, originally posted at The Telegraph, For a century, elites have worked to eliminate monetary gold, both physically and ideologically. This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic. By staying on gold, the UK could maintain its credit, and finance the war effort. This transpired. The House of Morgan organised massive credits for…

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The Next Big Problem: “Stagflation Is Starting To Show Across The Economy”

The Next Big Problem: “Stagflation Is Starting To Show Across The Economy”

In the past few months, the Bureau of Labor Statistics has gone out of its way to show that U.S. worker compensation is finally rising. There is one problem with that: while that may be true on an hourly basis… … on a weekly basis, the picture is vastly different. What is happening is that weekly wage growth have gone nowhere in years, but because the average hours worked per week has declined and today hit a 2 year low of 34.4, it translates into more money per hour worked….

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