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Gold member posts

Central banks are still too tight

Quick note: With the ECB's policy statement today, it's clear that a lot of major central banks are still running policy that is too tight given the emerging global growth slowdown. I mentioned the Bank of Canada yesterday. But I also…

The yield curve is now super-inverted

I am doing my 2019 outlook pieces now. And I plan on making some market outlook comments in the coming days. But, what's going on in the market right now is equally important. As the stock market takes a battering due to concerns about…

The US treasury yield curve has inverted

While everyone was focussing on the relief rally in stocks yesterday, the US treasury yield curve inverted for the first time in over a decade. This is a negative signpost in a world in which the Federal Reserve is almost certain to raise…

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