The massive COVID stimuli and the Ukraine war have brought inflation that most of us have never experienced. The price of money, interest rates, have gone up aggressively since last year. I did underestimate the inflation shoot up as the FED but there are a few things we need...
Obs: if you click on the charts you get a wide picture I like to use the PRING Inflation and Deflation index. Deflation-sensitive stocks include industry groups such as banks, insurers utilities and so forth. These equities tend to outperform when economic conditions are either weak or in the early phase...
The first time I really heard about Ukraine was in 1986 during the Chernobyl nuclear incident. Holodomor or "Terror Famine" was the other event I read about while at school. Since then, many things took place and the impression left is that Ukraine is "famous" for negative and dramatic...
A few thoughts about BTC and the crypto wave. I got interested at the very beginning (2009-2010) a bit by accident ,coming across a posting. I thought, well this technology is quite interesting. I even downloaded a program and let my computer running day/night for months. I got a BTC...
Richard Werner (Princes of the Yen and...) is always on the top of my list. Take your time (less than 30 min) because it will help you get a clearer picture. One thought popped in my mind while watching. Could ultra low/negative interest rates policies induce a negative loop when...
Back in July and August 2020, I had published updates on the yellow metal since Silver had broken an important resistance. Here is an update of GOLD/ZROZ (US treasury 30 year zero coupon bonds) or..future long term cash! (Above chart) GDX (Gold Miners)/ZROZ. Precious metal investors (Gold Bugs) have been a bit...
This document is an excellent reading for whoever wants to have a better grasp of the situation. Covid19 2020_Review_A guide to vaccinology - from basic principles to new developments To refresh our memory : The SARS-CoV-2 mRNA-based vaccine mRNA-1273 entered clinical testing just 2 months after the genetic sequence of SARS-CoV-2...
The two charts are a just an illustration over time of how I best view the principal driving forces behind the markets. What matters here, are the proportions and their respective empirical evolution. It varies countries from countries but since we all use the same monetary/economic system, the trip is...
Consumers are paying back Bank credit did increase quite substantially but since may 2020 the trend has reversed It's getting harder to get a loan FED's intervention has sustained investors' appetite for debt securities but will it keep going? Commercial Delinquency rate is still well contained. Banks did show better quarterly results by...
COVID 19 has exposed many weaknesses of our system. Mainstreet awareness that things are not working the way it should be, is increasing fast and the clock is ticking. In SGG’s approach, I highlight one question “Do Central Banks have such unlimited power without unintended consequences? In Princes of the...
