Inflation expectations on both sides of the Atlantic have collapsed following weak global PMI numbers. Indicates heightened market concerns over the durability of this expansion. US Treasury Inflation-protected securities…measuring real yield also at 6 months high.
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You think you are buying gold…but are you? Great chart from @MarinKatusa@KatusaResearch The gold sector went from an almost 1:1 debt to equity ratio in 2007 to over 17:1 a decade later…if GOLD can’t break out now then these miners would be in trouble.
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Foreign investors sold $1.6 billion of China stocks on Monday, the biggest single-day sale on record, and the CNY barely budged. (https://bloom.bg/2OnEEvm)
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This is probably your biggest market story this week. The value of negative-yielding debt just topped $10 trillion (again).
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