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The Impact of Quantitative Easing

Published on Mar 31st 2021

This 7-minute video by Daniel Lacalle (https://youtu.be/B4yZjKBwHdE), explains what we can expect as a result of the massive Quantitative Easing consequent to the COVID_19 pandemic…

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Where are the handouts going?

Where are the handouts going?

Published on Mar 12th 2021

In Australia… …and in the USA

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Debt = GDP

Debt = GDP

Published on Feb 13th 2021
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Bubble, Bubble… Toil and Trouble…

Bubble, Bubble… Toil and Trouble…

Published on Jan 21st 2021

PEmax eliminates distortions in the price/earnings multiple caused by sharp falls in earnings during recessions. It uses the highest trailing earnings rather than simply the most recent earnings. This provides a better estimate of future earnings potential than using more recent results during a market downturn. The current PEmax of 26.93 in the graph above, […]

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Biden’s First Spending Blowout

Biden’s First Spending Blowout

Published on Jan 17th 2021

From the WSJ Editorial, 16 January 2021: …“With in­ter­est rates at his­toric lows, we can not af­ford in­ac­tion,” Pres­i­dent-elect Joe Biden de­clared Thurs­day night. He wasn’t kid­ding as he out­lined a $1.9 tril­lion Covid spend­ing plan, which comes on top of the $900 bil­lion Con­gress ap­pro­pri­ated last month, and the $2.9 tril­lion in the spring. […]

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An Old Foe of Banks Could Be Wall Street’s New Top Cop

An Old Foe of Banks Could Be Wall Street’s New Top Cop

Published on Jan 17th 2021

From WSJ, 16 January 2021, by Paul Kiernan and Scott Patterson: Gary Gensler [who ran the Com­mod­ity Fu­tures Trad­ing Com­mis­sion from 2009 to 2013] is expected to be Joe Biden’s pick to take over the Securities and Exchange Commission. ‘He will do things that are controversial.’ …The fi­nance in­dus­try has thrived un­der the Trump ad­min­is­tra­tion’s […]

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Fed Reinforces Plans to Provide Open-Ended Stimulus to Spur Recovery

Fed Reinforces Plans to Provide Open-Ended Stimulus to Spur Recovery

Published on Dec 17th 2020

The Wall Street Journal reports that most central bank officials project interest rates will remain near zero for at least three years. (What do you think this will do to the price of gold??) Fed officials slashed their short-term interest rate to near zero in March as the coronavirus pandemic disrupted financial markets and the economy. They […]

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Iron Ore & China: dependence: no other words needed

Iron Ore & China: dependence: no other words needed

Published on Dec 15th 2020
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Goldman Sachs acquires Perth Mint Physical Gold ETF

Goldman Sachs acquires Perth Mint Physical Gold ETF

Published on Dec 15th 2020

From ETF Strategy, by James Lord, CFA | Category: Commodities: Goldman Sachs Asset Management has entered into an agreement to acquire the $500 million Perth Mint Physical Gold ETF (AAAU US). The fund, which will be GSAM’s first commodity ETF, currently provides exposure to physical gold [held] and guaranteed by The Perth Mint, a wholly […]

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Proposed US Trade Alliance

Proposed US Trade Alliance

Published on Nov 24th 2020

WSJ reports that Trump wants to create an informal alliance of Western nations to retaliate when China uses its trading power to coerce other nations. The US Administration conceived the plan in response to Chinese economic pressure on Australia after the Australian government called for an investigation into the origins of the Covid-19 pandemic. “China is […]

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