Posts Tagged ‘currency’
Debt Truths
A seldom-discussed topic that has a significant economic impact is private sector debt levels. Ever since 1971, when the US Dollar became a fiat currency, and new currency has been created by loaning it into existence. If banks have a 10% reserve requirement, a $100,000 deposit into a bank can be transformed into…
Read MoreWhat is Real and Where are We Heading?
While I don’t typically publish the databox above in my blog each week, I am including it this week for reference. The Dow to Gold ratio continued to fall last week. As currency devaluation continues, this is an indicator that becomes more meaningful in my view. If you are not familiar…
Read MoreInflation and Deflation Perspectives
Despite last week’s rally in stocks, the highs of mid-November remain the market’s high point. As I have been noting, my long-term, trend-following indicators remain negative. This past week, I began to read the most recent book by James Turk, a past guest on my radio program. Mr. Turk’s book is titled, “Money…
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