Global debt rose to $258 trillion in Q1, or a record 331% of the world’s GDP. While rates are low for established economies, there's concern about the fate of developed markets, which have about $3.7 trillion of debt coming due through yearend. t.co/zXiqHaYzIW
— Lisa Abramowicz (@lisaabramowicz1) August 4, 2020
GLOBAL NEGATIVE YIELDING DEBT pic.twitter.com/OHhM93q8hv
— Win Smart, CFA (@WinfieldSmart) July 29, 2020
When you’re looking at what [DXY, 10 year real yields] levels we would need to see gold at $2500 per ounce, it is combinations like DXY at 90 and real rates at minus 2,” said Michael Widmer, metals strategist in comments included in an Aug. 3 research note, citing July 30 call
— Win Smart, CFA (@WinfieldSmart) August 4, 2020
Gold ends above $2,000 an ounce for the first time in history t.co/IB0NVPyTgD
— Win Smart, CFA (@WinfieldSmart) August 4, 2020
Purchasing Power pic.twitter.com/F6yJIWx7jK
— Win Smart, CFA (@WinfieldSmart) August 4, 2020
"Fed has no reliable theory of inflation, says Tarullo"
🤦♂️t.co/oOho1HMEe0 pic.twitter.com/OplB0mMR6E— M/I_Investments (@MI_Investments) August 3, 2020
Dollar Could Be a ‘Crash Risk’ if U.S. Loses ‘Credibility,’ Analyst Warns
Rising economic and political uncertainty means the U.S. dollar may be a “crash risk” — a danger more often associated with emerging market currencies,…
The Fragile Recovery May Already Be Heading Into Reverse: Barron’s
Household spending had been rising in line with income growth. But that’s set to reverse as the job market stalls, the virus spreads, and the government prematurely removes needed support.