Global central banks are making moves, plus a monetary endgame plan and a look at what just hit the lowest level since 2016.
Fed Chair Powell Moves Markets
September 6 (King World News) – Peter Schiff: “Fed Chair Powell moved markets today by stating that the Fed was neither expecting nor forecasting a recession. So what? The Fed never forecasts recession, even if it secretly expects one. Powell also said trade problems are “contained.” Bernanke said the same about subprime!”
Monetary Endgame Plan: Own Hard Assets
Simon Mikhailovich: From Blackrock: “How should one position for [the monetary policy] endgame? As is probably evident, any nominal instrument will be devalued in real terms, so the solution is to hold an asset that maintains its real value – an asset that cannot be printed.”
Recession
Sven Henrich: “We’re forecasting a recession” has said no Fed Chair ever.
Global Central Banks Making Moves
Charlie Bilello: “-Russia cuts rates by another 25 bps to 7.00%, signals more easing to come. -Chile cuts rates by 50 bps to 2.00%, a 9-yr low. Global Central Bank update…(see below).
Look At How Many Central Bank Rate Cuts Are Happening Around The World
Lowest Level Since 2016!
Charlie Bilello: “30-year mortgage rate in the US moves down to 3.49%, lowest level since Oct 2016. Now only 18 bps higher than its all-time low. (See below).
US 30-Year Mortgage Rates Hit Lowest Level Since 2016
Don’t Expect Miracles
Daniel Lacalle: “We cannot expect miracles from the next wave of QEs. If anything, more QE is the evidence of the failure of previous measures.”
“We Are At The Endgame” Plus Gold & Silver Update
READ THIS NEXT! One Of The Greats Just Warned, “We Are At The Endgame” Plus An Update On Gold & Silver CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
A Look At The Big Picture, Plus An Important Note On Gold CLICK HERE TO READ
Hansen: Important Gold & Silver Update, Plus A Surprise CLICK HERE TO READ
Gold On Target For $1,800, Leverage 2008 vs Today, Bonds, Oil And What Would Be Bad News For The World CLICK HERE TO READ
$1,000 Silver, China’s Banking System Leveraged Nearly 50-1, Plus Look At What Just Hit The Highest Level In 40 Years CLICK HERE TO READ
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