A.E. Been reading your posts here, on and off, for awhile.
AWA those of a few other regulars.
One of my focus areas is monetary policy, and bonds.
In a country slowly buckling under an overwhelming burden of debt, the price of debt as a bell weather for some of the twists and turns in the secular downhill spiral.
Don't want to over emphasize the ST. But I don't see the desk at the NY FED being at all accomodative until today.
app.ny.frb.org
And of course we see a reflection of that this graphic depiction, as well.
bullandbearwise.com
Gold and gold equities will do very well in either a deflationary or inflationary outcome. But I don't see the evidence for the later.
The aggregates, including MZM aren't even close to where they were for the Y2K pump job, as you can see from this.
martincapital.com
So where this flood of liquidity to fuel a major inflation?
And finally, for perspective, let's take a look the vastly lower real interest rates that it took to drive the high inflation rates of the 1970s.
martincapital.com
Were there time, I'd present a lot more. But the point, I think, is made that the evidence just isn't there for even a weak cycle of inflation, let alone for the magnitude of numbers forecast regularly on some of the commercial gold sites. IMHO, that's product and service advertising not objective, factual analysis.
Cheers,
Isopatch |
