Loading ...Yields are up because the world and large US banksters are divesting from US Treasuries. The dollar is up because those treasuries must first be converted into dollars before they exit into other assets.
The dollar is crashing, it’s not strengthening, except against other worthless fiat currencies. The Fed will end up raising to defend the dollar at a time when they should be cutting as the economy is falling off a cliff. The SM is now in trouble because earnings will collapse with the economy.
This is a wicked mess. The problem for everyone else is divesting from dollars, moving into oil and other commodities. If the dollar was so strong, oil wouldn’t be above $80 as demand for oil is falling. Watch for other commodities to rise like they did today. Hard assets are the place to be. Except for gold and silver which are manipulated lower to make everything seem OK – but it’s not. When it finally snaps, G & S will experience an explosion higher. Unfortunately, who knows where that will be as algo’s continue to pressure them in connection with the so-called “strong dollar”. It’s all bullshit.
Anyone notice Bitcoin down 10% today? That’s bullshit air too, it will go the way of the tulip market. It is not the future of money.
Our day is coming, and I don’t think it’s that far off. I really don’t.
As always JMHO, and as always, pm shares are the worst investment in market history.