With crude oil and stocks on the move as the US Dollar Index hovers just below 90, it appears that something is going to break.
Something Is Going To Break
By Peter Boockvar, author of the Boock Report
February 23 (King World News) – Here is what Peter Boockvar wrote as the world awaits the next round of monetary madness: Let’s be honest, all else equal, the fed funds rate TODAY should be at least zero on a real basis which would mean 2%ish and if history is any guide, it should be 3-4% if there was any normalcy about the rate hike cycle since December 2015. That ship has sailed though and there is of course nothing normal nor healthy about the economic foundation built on cheap money and debt and little savings. This said, the voting Fed members really want to go 3 times this year. Not 2 times, not 4 assuming no real macro changes of significance. Either way, rate hike cycles typically end in only one way, when something breaks and I have no reason to believe this time will be any different.
***Speaking of silver, KWN has just released the extraordinary audio interview with Gerald Celente discussing the action in the gold, silver and major markets as well as what he is planning to do with his own money in the gold market and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Shades Of 1987 Foreshadows Monster Gains For Gold & Commodities CLICK HERE TO READ.
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