A strong quarter. Good news. For the time being. Profits growing faster than the long-run trend now. A reversion to the mean is likely to come in a few quarters.

Pavel Kohout: Daniel Lacalle: The Federal Reserve balance sheet expansion created a massive financial asset bull market. Now, market participants need to adjust their expectations. So far we have only seen a minuscule balance sheet reduction… and investor mindset has …

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Is the gold market being suppressed?

From Frank Holmes at Frank Talk: Gold continued its trek lower last week, the price steadying around $1,220 an ounce on Tuesday following Federal Reserve Chair Jerome Powell’s congressional testimony. Powell commented that he thought the U.S. was on course for …

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