Submitted by Jim Quinn via The Burning Platform blog,
I find it fascinating the mainstream corporate media and Wall Street shysters spend SO MUCH time talking down gold and spending an inordinate amount of electronic ink trying to convince the masses that only nutjobs would buy it. I believe less than 2% of people have gold in their investment portfolio, so why the endless articles bashing it?
As you might have noticed, the Fed made a policy mistake in December.
We could delve deeply into the specifics, but quite frankly it all boils down to this: Yellen hiked right into a recession.
There’s more to it than that obviously, including the fact that EM is circling the drain amid the global commodities rout, meaning excessive USD strength is especially damaging and the fact that the uncertainty swirling around the depth of the ongoing yuan devaluation has markets on edge from Shanghai to London to New York.
Over a decade ago, Henry Blodgett was barred from the securities industry for promoting dot com companies which he personally though were a "piece of crap." And while nothing has changed since then, and sellsiders dutifully pump companies which deserve to be dumped, but refuse to do so over fears of ruining relationships with management - as a reminder, the only function sellside research provides to the buyside community is arranging one on one meetings with CEOs during which material inside information is often disclosed - today for the first time in years, the SEC fined and suspended a n
Submitted by Bill Bonner via Bonner & Partners,
Investors are losing confidence...
They’re probably losing confidence in corporate managers, for instance.
Who wants to own stock in companies run by numbskulls who buy back shares in their companies at record prices just before a major selloff?
Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back?
Federal Reserve officials are split into two camps, according to Wall Street Journal's Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to wait and see. Either way, The Fed is confused and their 4-hikes in 2016 meme is disappearing fast.
As The Wall Street Journal reports,