Sunday , 25 February 2018


Debt & Deficits

Cassandra, Central Banks & Gold

lies-about-gold

The general public doesn’t like hearing what some of us who are Cassandras have to say because our message does not fit in with the choir of propaganda and lies. We are predicting a future for the world which is unpleasant for most people and therefore few believe our predictions.

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Markets Need A 30% Stock Drop Or 50% Higher U.S. Yields. Or Not.

escape-from-gold-market

The S&P 500 is near a record high, and global bonds have rallied for 5 straight months. The benchmark 10-year Treasury yield, at 2.20%, is close to its 2017 low. One of those investor groups has to lose. The US Treasury will be under-financed by as much as $4.5 trillion over the next 5 years, and will have to issue more debt. To find enough demand, interest rates would have to climb 120 basis points from current levels, or equity prices would have to plunge 30%.

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