Albert Edwards just warned a huge bubble is in the process of bursting and mom and pop are going to be pissed, plus Fred Hickey on gold and more.
This Will End Badly At Some Point
November 10 (King World News) – Holger Zschaepitz: “In case you missed it: Fed balance sheet expansion continues as Fed keeps buying more US debt. Total assets rose by another $19.6 billion to $4,039.4 billion, equal to 18.8% of US’s GDP. (See below).
WARNING: Fed Balance Sheet Continues To Expand
Jeroen Blokland: “Bondmaggeddon? No, we have been here before…(see below).
No Bondmaggedon…We Have Been Here Before
A Huge Bubble Is In The Process Of Bursting
Albert Edwards, Former Global Strategist at Societe Generale: “The world’s central banks have created another huge bubble that is in the process of bursting. So many people, including the IMF, have highlighted the issue. Mom and Pop are going to be mightily pissed when their ‘safe’ investment grade Corporate bond fund blows up.”…
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Fred Hickey: “I knew Citi was terrible company in late-Aug., early Sept. when they were touting their new $2,000 gold price target (at $1560 top). Now that gold’s $100 lower, Citi & others telling everyone to GET OUT! (because economy’s great). What a (bad) joke!
Getting Ready To Buy Back
Fred Hickey: “At the time, there were dozens of headlines blaring titles such as this: “Gold price could smash records at $2,000, says Citi.” My reaction was to cut back my gold positions & build up cash. Now that Citi, JPM & others think the world is safe (what a laugh), I’m getting ready to buy back.
This Is The Primary Reason Gold & Silver Are Going Higher
Fred Hickey: “The central banks are panicking (back printing at a rate of over $1 Trillion per year & Fed is doing $100B+ in repos per day) BECAUSE the global financial system & economy are so unstable. This massive debasement is the primary reason why gold & silver are going higher. QE 1-3 sent gold to 1900.”
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Alasdair Macleod: What Is Happening With Gold Is Extraordinary
READ THIS NEXT! Alasdair Macleod – What Is Happening In The Gold Market Is Extraordinary CLICK HERE TO READ.
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