Re <<Crazy, crazy, crazy>>
You actually meant ‘crazy amazing crazy amazing crazy amazing’
Certainly accelerating, and even crazier, gold might as well be all-time low, practically-speaking, as folks expect recovery from pandemic to lessen need for QE, clobber gold, as commodity inflation take hold, leaving non-commodity gold behind ... there is something about the narrative I do not understand, and am confused about gold being currency or commodity or not-bitcoin, or not-silver.
Imagine a bitcoin based block-chain hemp trading platform - how many ways can the episode end?
... and here I thought the whole macro show is just Armstrong suspicion playing out, but did not reckon that folks also buy China China China shares on the American exchange that is Canaan ...
zerohedge.com
Foreigners Bought A Record Amount Of US Stocks In 2020, Bond-Selling ContinuesThanks to a $73.8 billion buying spree in December...
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2020 saw foreigners buy a stunning $368 billion in US equities ($294bn by official institutions and $74 billion by private entities)...
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That is more than triple the 2010 and 2012 totals, more than double 2009 ($152bn), and over 50% bigger than the previous biggest year - 2007 - when total buying topped $195bn.
Overall, December saw selling in Treasuries and Corporate bonds, buying in Agencies (and stocks as we have discussed):
Treasuries: -$20.7BN
Agencies: +$51.2BN
Corporate Bonds: -$11.4BN
Corporate Stocks: +$78.3BN
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Finally, we note that while Treasury holdings overall are steady, they have a long way to go to match the de-dollarization trend seen in gold holdings over the past year...
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Source: Bloomberg |
