Adrian Day, in the Global Analyst newsletter, reviews developments at several companies, three of his favorite large miners and one favorite junior, all of which he says are at very compelling levels to buy.
What Effect Would Tether Being A Complete Fraud Have On Cryptos? zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
And it will happen this year, predicts money manager Bill Fleckenstein
Those cheering today’s sky-high asset prices say they don’t worry because “the Fed has the market’s back”
And they haven’t been wrong to-date. There’s no doubt that the Fed’s $trillions in monetary stimulus has pushed the prices of stocks, bonds, real estate and nearly every other asset class to all-time highs.
But the Fed’s ability to print money with impunity may not last forever. In fact, veteran money manager
Bill Fleckenstein warns it could end this year.
And Bill isn’t alone.
“Everything Bubble” come up more often lately.
This isn’t a new phrase, Graham Summers was among the first to coin it in his 2017 book
“The Everything Bubble: The Endgame for Central Bank Policy”:
“The Everything Bubble chronicles the creation and evolution of the US financial system, starting with the founding of the US Federal Reserve in 1913 and leading up to the present era of serial bubbles: the Tech Bubble of the ‘90s, the Housing Bubble of the early ‘00s and the current bubble in US sovereign bonds, which are also called Treasuries.
Because these bonds serve as the foundation of our current financial system, when they are in a bubble, it means that all risk assets (truly EVERYTHING), are in a bubble, hence our title, The Everything Bubble. In this sense, the Everything Bubble represents the proverbial end game for central bank policy: the final speculative frenzy induced by Federal Reserve overreach.”