Nov 2021 Mckinsey published "The rise and rise of the global balance sheet or.... How productively are we using our wealth? As its says: Assets on the world's balance sheet in 2020 totaled $ 1540 trillion, or +18 times GDP and up from 13.2 times GDP in 2000 Real assets like...
2022 first half has been quite harsh to many investors. Inflation readings are high with Bonds and Equities prices punishing most. One of the great frustration has been the lack of true volatility explosion. In fact equity volatility, VIX has been quite stable. The black line is the 6 months...
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...
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...
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...
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Dave Portnoy was playing Scrabble to buy stock. If I were to select two letters... I would select "E" & "X". I think that "Excesses" is the word which best defines 2020. Is this the "new normal"?
Technology will become a very important tool of Monetary and Fiscal Policy. Edward Snowden has exposed to us how the big tech industry became the "monitoring" arm of big government. Did anything change? Not really in my view. COVID 19 has exposed many fractures of our system. Government and...
In its post "Fiscal Power Unleashed", SGG points out to the fact we may be at an inflection point. Here is an overview of the "Flation Debate" since the GFC. In GRAY we have the TIP ETF, In Yellow = GOLD, Brown = WIP ETF (World Inflation Bonds), Green =...
