Their buying binge in the US goes into the “Contrarian Indicators” category.
Do Trump and California suddenly see eye-to-eye on high-speed rail?
After 25 years of apathy.
It would be comic if the facts behind it weren’t so ugly.
After surging 206% since February!
Hence the bloodletting in what’s considered one of the most conservative investments in the world.
The “death of the dollar” will have to be rescheduled.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
“Worse than the one following the Global Financial Crisis.”
But the Fed is steadfastly blind to bubbles & their consequences.