When I look at what's happening in the stock market right now, I feel like I'm living in some kind of Topsy Turvy nightmare. One where investors have become terrified of inflation, while central bankers have simply shrugged it off...
If crisis hits again, people will flee the traditional system. They'll realise the current system isn’t as safe as they think. They’ll want something else. And crypto will be there, ready, waiting for them.
The US dollar rally has barely paused for breath since getting underway in February. Late last week, it took its toll on commodities. Oil fell nearly 3%. Iron ore fell 3.7%, while aluminium declined 0.7%. What will happen next?
The sooner you embrace the cashless society, the sooner they can implement negative interest rates and stimulate inflation.
Mario Draghi, President of the ECB, keeps pretending that the monetary experiment is going to plan. He’s now ‘tightening’ the bond buying program.
Italy wants to bail out BMP with taxpayer money. That’s the standard playbook which governments used in 2008. But the rules have changed.
When Deutsche Bank goes under, which is likely to happen once the European contagion takes off, I expect massive bloodshed across financial markets.
Last week, Jim and I explained to subscribers of Strategic Intelligence and Currency Wars Trader that the Brexit polls were wrong.
Best case, more of the same. Worst case…now that’s the BIG problem we’ve been building to. I think deflation is going to tighten its grip on the global economy.
One reason Greece is mired in depression is that its banking system is barely functioning. The ECB could solve this tomorrow if it chose too. But it chooses not to.