Pater Tenebrarum is an independent analyst and economist/social theorist. He has been involved with financial markets in various capacities for 31 years and currently writes economic and market analyses for independent research organizations and a European hedge fund consultancy as well as being ...
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Pater Tenebrarum is an independent analyst and economist/social theorist. He has been involved with financial markets in various capacities for 31 years and currently writes economic and market analyses for independent research organizations and a European hedge fund consultancy as well as being the main author of the acting-man blog.
It has become abundantly clear by now that the late 2018 swoon was not yet the beginning of the end of the stock market bubble – at least not right away.
Despite the fact that gold fundamentals are still not unequivocally bullish, there are signs that investors are increasingly receptive to the idea of buying some gold for insurance purposes.
As long as the Fed keeps draining excess liquidity from the system, money supply growth rates are unlikely to recover. Expect elevated market volatility to persist over the medium term, with a downward bias.
The stock market correction into late December was of approximately the same size as the mid 2015/early 2016 twin downturns, so this is not an idle question.
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