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Pimco Economist Has A Stunning Proposal To Save The Economy: The Fed Should Monetize Gold

Pimco Economist Has A Stunning Proposal To Save The Economy: The Fed Should Monetize Gold

Back in December 2014, just before the ECB officially launched its initial phase of QE in which it would monetize government bonds, Mario Draghi was asked a very direct question: what types of assets could the ECB buy as part of its quantitative easing program. He responded, "we discussed all assets but gold."

Why Is The Stock Market So Strong?

Why Is The Stock Market So Strong?

Submitted by Pater Tenebrarum via Acting-Man.com,

Dismal Earnings, Extreme Valuations

The current earnings season hasn’t been very good so far. Companies continue to “beat expectations” of course, but this is just a silly game. The stock market’s valuation is already between the highest and third highest in history depending on how it is measured.

 

 

Why Commodities Are Selling Off (And What It Means For Demand)

Why Commodities Are Selling Off (And What It Means For Demand)

Every market participant has pondered the shenanigans occurring in many commodities in recent weeks as Iron ore, Rebar, Copper, and Steel prices have all gone parabolic. We warned that this was not real demand-driven but purely credit-fuleed malinvestment here, and today, as Credit Suisse notes, we seem to have got confirmation as these metals are tumbling after China raises margins/commission on metal futures.

Credit Suisse explains:

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