Posts Tagged ‘Egon von Greyerz’
Orwell and Gold
In reading an article penned by Egon von Greyerz this past week, I was reminded of the prescient writings of George Orwell as it relates to where we now find ourselves economically and politically. While I would encourage you to read the entire article for yourself, let me share some excerpts with you…
Read MoreLong-Term Stock Forecast
While the overall stock market trend remains down, stocks did begin to show some signs of life last week, technically speaking. As the chart below, a weekly chart of an exchange-traded fund that tracks the S&P 500, illustrates, the longer-term downtrend line in place since the beginning of calendar year 2022 may have been broken…
Read MoreAn Inevitable Outcome
Last week, I discussed that stagflation was the most likely immediate economic outcome in my view. Just in case you missed last week’s post, stagflation is defined as price inflation combined with a shrinking economy. Ultimately though, I believe we will see a very painful deflationary environment that may rival the 1930s. …
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 MoreA Market Perspective
The potential double top in stocks theory that I put out a couple weeks ago is still holding after last week’s price action in stocks. While it remains too early to tell, there are many signs that the stock market may be ready to decline. It is my view that most of the…
Read MoreWill the Fed Taper?
Stocks continued their rough stretch last week. While we could see a Santa Claus rally this month as we often do as the year comes to a close, given how extended stocks are from what would be considered to be more ‘normal’ levels, we may not experience the traditional year-end rally. Last week,…
Read MoreFifty Years of Fiat
An important anniversary is approaching this week. Although it won’t be widely observed or likely even mentioned, it’s the anniversary of the event that led to current economic and investing conditions. This coming Sunday, August 15 will mark 50 years since the US Dollar became a fiat currency. On August 15, 1971, President…
Read MoreGreenspan the Gold Bug?
Markets were once again quiet last week. Emerging market stocks continue to show weakness and the bond markets may be beginning to show signs of life. Last week, I shared a chart of the “Buffet Indicator” a stock valuation tool that was named after Warren Buffet after he revealed in an interview it was his…
Read MoreGold, the Dow and the Dollar
Except for the US Dollar Index, all markets were ugly last week. Silver led the way as far as declines went, falling a whopping 14.32%. As I have warned, when markets rise parabolically like silver did, a pullback is highly likely. We are now seeing that pullback. I believe the current pullback is another…
Read MoreBanking Failures and Rising Prices?
As I note in this month’s “You May Not Know Report” which will be mailed to clients in about one week, there are two schools of thought as to where the economy and financial markets go from here given that debt levels are extreme and money creation is off the charts. Those analysts who believe…
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