Courtesy of our pal Dismal Dave Down Under.
‘Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon, if ever, a 50 or 60 point break from present levels, such as they have predicted. I expect to see the stock market a good deal higher within a few months.’ Dr. Irving Fisher, Economist at Yale University, 1929.
‘Zimbabwe’s stock market was the best performer this decade, but, your entire portfolio now buys you three eggs.’ Kyle Bass. (1963- ).
Raises real questions about his intentions behind pushing for sanctions on energy against Russia as to whose interest he is serving.
The [John] McCain Institute funded by George Soros and Saudi Arabia, EXPOSED
June 20, 2017
Neocon Arizona Republican Senator John McCain may have his own little Clinton Foundation pay-to-play scheme operating in the halls of the US Senate.
The Daily Caller investigative group has learned that in 2012 McCain turned over nearly $9 million in unspent funds from his failed 2008 presidential campaign to a new foundation bearing his name, the McCain Institute for International Leadership.
The McCain Institute for International Leadership’s mission is to serve as a “legacy” for John McCain and “is dedicated to advancing human rights, dignity, democracy and freedom”, but many readers certainly are well aware that human rights and dignity are the furthest things from the neocon warmonger’s mind.
Our friend CIGA Dave sent us video of a high speed turn by one of these destroyers.
These destroyers are quite nimble which tells us someone fell asleep or Duterte ordered a ramming? The real truth, if we ever get it will be quite interesting!
Wolfgang, as they say…
Garbage in, garbage out!
Let this Christensen character tell that to Soros and Rogers when they went head to head with the Pound Sterling while rates were rising 5% every few hours. With soaring rates, the Sterling still collapsed.
In theory, gold is about interest rates.
In theory, gold is about inflation.
In theory, gold is about global crisis.
In reality, gold is all about confidence in a currency.
Let him read JSMineset and receive and education in reality.
CIGA Wolfgang Rech
Gold’s Luck Has Run Out, Prices To Fall To $1,100 By Year-End – Capital Economics
June 20, 2017
(Kitco News) – One firm sees gold falling 11% by the end of the year as further aggressive Federal Reserve interest rate hikes weigh on the market.
According to Simona Gambarini, commodity economist at Capital Economics, gold’s luck has run out as prices continue to fall in the wake of the Federal Reserve’s decision to raise interest rates by 25-basis points and signal further monetary policy tightening. In a recent report, she noted that because of the current interest rate environment, her firm is forecasting gold to end the year at around $1,100 an ounce, a drop of more than 11% from current future prices at $1,2450 an ounce
“There doesn’t seem to be any fundamental reason for gold to rally through the rest of the year,” she said in a telephone interview with Kitco News.
Courtesy of GG.
Real World Food Prices Soar 14% In Just Two Months
June 19, 2017
With all the talk of food deflation that is supposed to result from the Whole Foods/Amazon merger, in the real world food prices have soared 14% in just the past two months.
June 19 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: On Friday after the Amazon-Whole Foods news we heard a lot of opinions on what this should mean for the Federal Reserve in terms of technology and disruption bringing us another round of price deflation in the important category of food. I just want to remind people though that the secular downward pressure on consumer goods prices really started in 1962 when Walmart was founded and brought us Every Day Low Prices…
I do hope though that the Amazon deal and the entire price impact of the internet brings some deeper discussion broadly and within the halls of the Fed on consumer inflation and what drives it because I still counter that the 2% central bank inflation goal should be challenged as to why it makes any sense. On the goods side, technological breakthroughs and efficiency will always be a natural suppressant on prices. The Compaq Portable II, cost $3,499 in 1986. If it rose by 2% per year since it would today be about $6,300. Instead something similar is about $1,000. I’ll throw out hedonic adjustments that pollute the CPI/PCE readings for now. Honestly speaking, it is where government and the Fed have been most influential that has seen the most amount of inflation. Examples being housing, whether to buy or rent, tuition, and medical care. I won’t now get into asset price inflation.
…I’m getting an increasing number of questions from blokes worried about certain headlines in the news.
I just send them this….
What to do with your ‘money’ when bad things happen…..
…bail-ins/deposit taxes/deposit insurance removed/negative yields/wars/pension cuts/currency wars/inflation/dog dies/real estate crashes/cash banned/banks fail/more wars/cat dies/constipation strikes/markets crash ….
Pray?… ‘Now, I know I’m not normally a praying man, but if you’re up there, please save me, Superman!‘ Homer Simpson. (1987- ).
NB: Be aware that when The Great Unwashed come to the same conclusion, no one will be selling, and, you won’t be able to buy any!