- 31 Luglio 2018
- by Blogger
It's today news that Morgan Stanley sees major risks in the US stock market, paving the road to a new credit crisis. And after Facebook and Netflix, Amazon will be the next one. And when it comes to Apple stocks? Well, then it will be big trouble for the BNS, since its Cupertino firm stocks stake are huge. This is what a systemic risk is all about: liabilities of a side are assets of another. So it doesn't matter if short positions are rising in gold, central banks are still hoarding it. Why bother if it is an asset not worth to own? Don't listen to what central banks say, but pay attention to what they do. Precious metals, together with cryptocurrencies, will be the safe haven and the hedging needed by those who are worried about their savings. The latter are vanishing thanks to the QE and fake statistics about CPI and price inflation. A panic would be bad according to central banks. They follow this rule "Don't rock the boat". They need time to sort out a solution to get away with the enormous distortion introduced by their reckless monetary policies. The point of the matter is this: there is no solution to what they did since the Lehman crisis. They seeded the seeds of their own demise.