Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Here is the metals and mining ETF, which has demonstrated its overhead supply by way of that upper horizontal line: As you can see from many years of data, this instrument definitely has the ability to top and fall. As the ratio chart below suggest…
This ratio chart suggests to me that gold is finally going to take some of the verve out of the cryp-verse.
What if our commoditized, financialized definition of wealth reflects a staggering poverty of culture, spirit, wisdom, practicality and common sense?
Up-to-date chart of RYT (tech equities) divided by IEF (the 10-year bond yield). This goes back thirteen years, and it strongly suggests lower equities, higher interest rates, or a combination of both, for the next few years.
It was a rather glaring warning. Yet it was, of course, taken as just another buying opportunity – a rather easy one at that. It seems to only get easier.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
In this upside-down world of ours, the only asset class which reliably sucks is the one you’d least expect: precious metals.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio. So says the Fed. But I give you a link to the real story.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.