Jim Sinclair’s Commentary
John Williams’ www.ShadowStats.com speaks the truth.
- Consumer Financial Distress Hampered Retail Sales and Production
- Nonsensical Hype Over Regularly Mis-Adjusted Jobless Claims
- High Oil Prices Still Inflating Broad Economy
- November’s Annual Inflation: 3.4% (CPI-U), 3.8% (CPI-W), 11.0% (SGS)
- Gold Remains the Ultimate Hedge
Jim Sinclair’s Commentary
Swaps are in action. Liquidity is spread thick while financial leaders talk out the other side of their mouth.
The Spanish bond offering yesterday was oversubscribed. This is totally counter intuitive so guess who financed the buyers. Yes, you are right. The US Federal Reserve via last week’s swaps.
It is amazing how many of you are overwhelmed by MOPE.
