Likely to have a downturn while “there is noteffective monetary policy and that is a ‘scary situation’ – Billionaire Investment Manager Ray Dalio [embedded content] Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World [embedded content] Related posts: JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’ Oil prices and the global economy SNB to cut rates in early 2020 as global economy sours – UBS...
Read More »Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder - 'Commodities King' Gartman sees $1,400 gold surge in months- "Gold is the one currency that will do the best of all..."- Pullback below $1300 "is relatively inconsequential"- Use gold price weakness to be a buyer "no question"- Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms- Gold will be the best of all, as a result of QE and expansionary policies-...
Read More »Digital-Currency Milestone: Somebody Just Bought A House With Bitcoin
A day after Bridgewater Associates Founder Ray Dalio claimed that bitcoin was “definitely in a bubble” partly because he said the digital currency was too difficult to spend, CoinTelegraph is reporting that the first-ever bitcoin-only real-estate transaction has been completed in Texas. The transaction “illustrates crypto’s potential to transform how financial transactions are conducted,” according to Futurism.com. The...
Read More »Buy Gold Urges Dalio on Linkedin – “Militaristic Leaders Playing Chicken Risks Hellacious War”
Don’t let “traditional biases” stop you from diversifying into gold – Dalio on Linkedin “Risks are now rising and do not appear appropriately priced in” warns founder of world’s largest hedge fund Geo-political risk from North Korea & “risk of hellacious war” Risk that U.S. debt ceiling not raised; technical US default Safe haven gold likely to benefit by more than dollar, treasuries Investors should allocate at...
Read More »Less Than Nothing
As I so often write, we still talk about 2008 because we aren’t yet done with 2008. It doesn’t seem possible to be stuck in a time warp of such immense proportions, but such are the mistakes of the last decade carrying with them just these kinds of enormous costs. It has been this way from the beginning, even before the beginning as if that was possible. The Great Financial Crisis has no official start date, but we...
Read More »100 Years Ago, Russian Stocks Had A Very Bad Day
In recent months, Ray Dalio seems to be undergoing a deep midlife and identity crisis, which has not only led to dramatic recent management changes at the world’s largest hedge fund, Bridgewater, but also resulted in some fairly spectacular cognitive dissonance, as Dalio first praised, then slammed, president Trump. Yesterday. in the latest expression of his building anti-Trumpian sentiment, Bridgewater released a...
Read More »Lagarde Urges Wealth Redistribution To Fight Populism
IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio - Click to enlarge As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires – perplexed by the populist backlash of the past year – to sit down and discuss among each other how a “squeezed and Angry” middle-class should be fixed. And...
Read More »Davos Elite Eat $40 Hot Dogs While “Struggling For Answers”, Cowering in “Silent Fear”
For those unfamiliar with what goes on at the annual January boondoggle at the World Economic Forum in Davos, here is the simple breakdown. Officially, heads of state, captains of industry, prominent academics, philanthropists and a retinue of journalists, celebrities and hangers-on will descend Tuesday on the picturesque alpine village of Davos, Switzerland, for the World Economic Forum. Unofficially, it’s the world’s...
Read More »Is the Economy a Machine?
Is the Economy a Machine? A Science Goes Astray Human beings have a strong tendency to look for patterns. The natural sciences have shown that the universe is governed by laws, the effects of which are observable and measurable in an objective manner. Mostly, anyway — there is, after all, the interesting fact that observers are influencing measurements at the quantum level by the act of observation. (For our lives in the “macro” world, however, this is not relevant. An engineer does not...
Read More »