Sadly, I must write what follows and do not do it lightly. Over the years when writing, I have held little back. Nothing will be held back in this missive as we are on the brink of war because apparently we have lunatics in Washington (and elsewhere) far more insane than the inmates they oversee.
This past week has seen the lunacy shift several gears in only days. We see the U.S. pushing Ru... read more
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about what is going to shock world markets.
Gold Has Skyrocketed In Foreign Currencies
Egon von Greyerz: “Eric, there are so many people who are concerned about the performance of gold and t... read more
In recent weeks, Ray Dalio - a vocal proponent of QE4 and certainly against any form of monetary tightening - has been about as doom and gloomy as we have ever heard the head of the world's biggest hedge fund. Just last week, we reported that the founder of Birdgewater, when speaking before the New York Fed, voiced his latest warning about the potential losses that would befall asset holders if... read more
In the last few days, gold has been on a losing streak. Last Tuesday, gold prices fell by $42 per ounce – 3.3% – the biggest single-day drop in value in nearly three years.
Does that mean gold has resumed its long-term downtrend since it reached its all-time high of $1,923.70 per ounce in 2011? Some analysts predict gold prices will fall another 20% or more before stabilizing.
That’... read more
With bond-stock correlations reaching record highs (and broad risk parity fund performance deteriorating rapidly), Ray Dalio’s $150 billion Bridgewater Associates managed modest gains across its main strategies last month - even as macro funds have suffered amid policy and political uncertainty. However, the manager of the world's largest hedge fund warns “Investment returns will be very lo... read more
Last week, we shared with readers a fascinating presentation [4]that Bridgewater's Ray Dalio made to NY Fed staffers at the 40th Annual Central Banking Seminar held on Wednesday, October 5, 2016. In it, Dalio pointed out that thoughts which dared to question the economic orthodoxy, and which were once relegated to the fringe blogs, have become the norm, pointing out that it is no longer controv... read more
Axel Weber, UBS chairman and a former policymaker at the European Central Bank (ECB), has warned today's incumbents that monetary intervention is causing international spillovers and major disturbances in global markets.
"They (central banks) have taken on massive interventions in the market, you could almost say that central banks are now the central counterparties in many markets. They are... read more
