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The Great Interest Rate Contradiction
Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)
Market Updates This Week
Fed Raised Rates 0.25% – Rising Rates Positive For Gold
As the great orator George Bush Junior once attempted to say:“Fool me once, shame on you; fool me twice, shame on me…”Read More Here
Mark Mobius: Shariah Gold Standard Is “Revolutionary”
[image]https://www.goldcore.com/ie/wp-content/uploads/sites/19/2016/12/mobius_gold.jpg[/image]
American consumers love debt, wall street loves securitizing that debt and collecting massive fees for selling it and pension funds, with no viable alternative investments courtesy of accommodative Fed policies, love buying that debt for the extra 25bps of yield it provides. It's a "win, win, win", right?
One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number had continued to drop sharply, declining by another $14 billion in one week, and pushing the total amount of custodial paper to $2.788 trillion, the lowest since 2012.
The unseen message...
Two words: "Policy Error"?
The yield curve is not supposed to collapse when The Fed is pitching higher rates, growthier growth, and fiscal stimulus hype!!