WWIII IN THE FINANCIAL MARKETS
Battle lines have been Drawn…Nobody’s Right if Everybody’s Wrong
Martin Armstrong says its Schwabbeans vs the FED and Bank of England
Battle lines have been Drawn…Nobody’s Right if Everybody’s Wrong
Martin Armstrong says its Schwabbeans vs the FED and Bank of England
BOE raising a smidgen.
Meanwhile, the FED hints at raising but only down the road, despite real rates being south of -5% and arguably -10% or more, the lowest EVER.
Those policies don’t sound like “defending” their currencies to me, and since they are not, they are not defending their economies or their civic futures. Except within the myopic eyes of their short term political horizon.
So Minus 5 real rates and Gold Tanks ?
I DO NOT UNDERSTAND
maybe all the money is buying real estate at bargain bin financing. 700k @ 1.5 % = $875/month interest. Throw on some principal and it still pencils as a hot deal.