It’s official. The global real estate bubble is bursting.
Fed Chair Janet Yellen spoke in Jackson Hole, Wyoming. Shah Gilani guessed what she might say. Here’s why that’s important.
No wonder the Red Ponzi consumed more cement during three years (2011-2013) than did the US during the entire twentieth century.
Stated differently, even at the peak of recent financial bubbles in London, NYC, Miami or Houston they did not build such monuments to sheer economic waste and capital destruction. But just consider the case of China’s mammoth steel industry.
The concentration of gold among the top 15 countries is startling. This small group holds 83.2% of the world’s gold reserves.
Gold prices have been falling recently as the metal suffers from a temporary correction.
But this hasn’t changed our bullish gold price outlook.
Tags: Gold Prices
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Markets don’t expect an OPEC oil deal in September, but that doesn’t mean it’s completely off the table.
Fed Chair Janet Yellen’s speech had an immediate impact on the US Treasury yield curve, It rose, then dropped, ,rose again then declined for a net decline.
A while back I wrote about how investors were playing the BTFD game using short volatility ETFs. To me, this looked like ‘picking up pennies in front of a steamroller.’ Since…
I love John Taylor’s point that Paul Volcker chaired the Fed in 1982. He went to Jackson Hole, but he was not on the program to give the opening address, and no one was speculating on what he might say.