Some of the largest hedge funds are raising their bets on gold, forecasting that central banks’ unprecedented responses to the coronavirus crisis will lead to devaluations of major currencies. Paul Singer’s Elliott Management, Andrew Law’s Caxton Associates, and Danny Yong’s Dymon Asia Capital are all bullish on the yellow metal, […]
Celsius Network, founder and CEO Alex Mashinsky calls the bond market, “the biggest bubble that hasn’t burst yet.” And when the massive bond bubble pops, that’s when the real earthquake begins. The US Treasury Department is pumping out bonds like there’s no tomorrow. It announced this week that it plans […]
This quote by Samuel Adams perfectly captures the American spirit and how it will survive: “It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.” Let’s unpack it. We start with the idea of majorities. […]
More than 99% of Italy’s coronavirus fatalities were people who suffered from previous medical conditions, according to a study by the country’s national health authority. After deaths from the virus reached more than 2,500, with a 150% increase in the past week, health authorities have been combing through data to […]
It is clear that politicians made such a powerful case by convincing the Canadian public to fear the spread of the new coronavirus that they may have been frightened. The elected leaders now seem paralyzed with fear, terrified of allowing us to venture too far from our homes and begin […]
It has been indicated that there is no painless way out for liberals from the worst economic blow in history and that the “illustrative scenarios” presented by the PBO reveal the combination of the COVID pandemic and the oil price shock that has put Canada on track to accumulate a […]
It is clear that there is never a good time for a pandemic, however, the COVID-19 crisis has come at a particularly bad time for the world economy. And the world has long drifted into a perfect storm of financial, political, socio-economic and environmental risks, which are now becoming even […]
We have financial records dating back some 5,000 years and in all that time, silver has never been this cheap compared to gold. Kanesh was an important trading hub in the Assyrian empire. The city was located in the middle of what is now Turkey, at the midpoint of the […]
The central bank’s holdings of equities lost 31.9 billion francs in value as the economic impact of the virus sent markets into a tailspin while it also suffered exchange rate-related losses of 17.1 billion francs as the appreciation in the franc reduced the value of its foreign stocks and bonds. […]