"... central banks around the world stunned pundits by purchasing roughly 650 tons of bullion in both 2018 and 2019."
Lost amidst all the talk of Covid-19, economic shutdowns, and stimulus is one simple but incredibly important question… Just who is going to pay for all of this?!?!
"... we must consider that all of the newly created money and debt, crippled supply chains, and many other economic, social, demographic, and geopolitical factors can suddenly offset deflationary imbalances and supercharge prices when the economy does pick up."
"There is also a cost to MMT we have yet to hear about from its proponents."
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"... the Powers That Be have been working on this for well nearly a decade."
"And it only took a little more than one year to do it."
"...the markets are addicted to Fed interventions"
"What this all means is there will be no “V-shaped” recovery."
"The Fed, in an effort to stop this, announced several weeks ago that it would be buying everything. And I do mean EVERYTHING."
"The return to “infinite” QE could potentially inflate the dollar, burst asset bubbles, and threaten the long-term safety of the economy."
"Bear markets END when things simply can’t “get any worse.”"
"Hyperinflation also remains a possibility. Rapidly rising inflation and a falling dollar may trigger the Fed to raise rates, just like they did in the 1980s."
"Welcome to United States of Japan."
"...the Fed officially crossed the Rubicon over the weekend."
"Fade rallies, and reduce risk accordingly."
"Bottom line, the Fed has started up the “money printing press” again, and in an attempt to curb market panic, has essentially cut rates to zero. But that hasn’t worked out well so far, because the market is still in panic mode."
"Germany is the ultimate backstop for the EU. ... German sovereign bonds are beginning to break down."
"Are we at the bottom yet? Probably not, if history is any guide."