By Axel Merk
The Fed can create credit out of thin air, with the stroke of a keyboard. Its resources are effectively unlimited—that’s the Cookie Jar.
Record optimism and crowded equity positions amid weak sentiment suggest a late-cycle setup favoring patient, cash-ready buyers.
Average income growth for the bottom quintile has been much the same as for the middle three quintiles, while the top quintile has gained faster.
Prime Minister Mark Carney earned the praise of world leaders at the World Economic Forum in Davos, however with one glaring exception, President Trump.
Gold trades near record highs as geopolitical tensions and Fed uncertainty drive safe-haven demand.
It is clear, that our present liability-based fiat currency system, which includes the Federal Reserve and other central banks of the world is in process of being replaced by a new asset-based money/currency.
Coinbase continues its bearish trend, approaching a key earnings-gap support zone that may signal near-term stabilization.