CB har fingret på pengaknappen vilket får med sig börserna. 2018 var det tvärtom. Om detta slutar med framgång för alla varför är Zimbabwe då en av världens fattigaste länder????????????
Why system failure?
Because 2019 has revealed a fundamental truth: Central banks can’t extract themselves from the monstrosity they have created and made markets dependent upon.
2018 was the only year since the financial crisis that central banks reduced liquidity on a net basis and it blew up in everybody’s face:
The firm ResearchGate.net examined the grades of the 12 biggest primary silver mines in the world. They specifically measured the “mill feed” grade, which is the grade of the ore going into the mill. Their data only goes through 2016, but look what has happened to the average grade of these deposits over the past 10 years.
FEDs ränte scenario. Utifrån deras historiska resultat om räntekurvan så kan vi nog vara säkra på att vi kommer att uppleva betydligt mer volatilitet
Why The Hell Are We Launching QE4 With GDP And Wilshire Total Market Where They Are?
Trots rekordlåg arbetslöshet och 266 000 nya jobb i november pumpar FED in likviditet i marknaden i samma takt som under finanskrisen 2008. Hmmmmmmm
James Turk: “It’s a gold bull market. Even with yesterday’s takedown year-to-date performance is spectacular: gold +14%, silver +7%. XAU Index +35%. But the big move in the precious metals is further down the road as this chart shows. Uptrend #3 is just getting started (see below).
EXPECT GOLD & SILVER LIFTOFF IN 2020: Major Uptrend #3 Just Getting Started In Gold & Silver
HSBC is facing huge mortgage losses due to a collapse of the property market. Here is a small excerpt.
"Almost overnight, Hong Kong has gone from being one of the world’s most expensive property markets to complete chaos. The social unrest and political riots there have generated a flight of capital and talent. Those who can are getting out fast and taking their money with them.
As a result, large portions of the property market have gone “no bid.” Sellers are lining up but the buyers are not showing up. At the high end, owners paid cash for the most part and do not have mortgages. But HSBC has enormous exposure in the midrange and more modest sections of the housing market.
High-end distress also has a trickle-down effect that puts downward pressure on midmarket prices." Jim Rickards.
The Chicago Fed provides a breakdown of the change in the underlying 85-components in a “diffusion” index. As opposed to just the index itself, the “diffusion” of the components give us a better understanding of the broader changes inside the index itself.
There two important points of consideration:
When the diffusion index dips below zero have coincided with weak economic growth and outright recessions.
The S&P 500 has a history of corrections, and outright bear markets, which correspond with negative reading in the diffusion index.