))
Negative US GDP & the end of the business cycle
Manage episode 326947889 series 3085687
Innhold levert av Ainslie. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Ainslie eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Last night’s shock news of the US falling into recessionary territory with a negative GDP print was a salient reminder of both the precariousness of the world’s biggest economy and the farce that is a sharemarket RALLYING on the news likely because they think it will force a reversal of the Fed’s tightening! Importantly gold rallied (despite an also stronger USD) as it called BS on the shares’ “bad news is good news” hope rally. As we reported yesterday Crescat Capital released their latest monthly research letter late last week and today we look further into it.
406 episoder
Del
