Gijsbert Groenewegen
January was the worst month for European government bonds in history with all the bonds blowing out. TCW, the US asset manager that runs world’s largest actively managed bond fund, has eliminated its exposure to Eurozone bank debt over...
Nothing makes sense anymore. The markets keep going up like it is going out of fashion Trump’s honeymoon period or not. Trump might be getting a strong cabinet around him and have good ideas to stimulate the economy…though you first have...
Despite the low interest rates and the subsequent underfunding of the pension plans, global debt levels have increased significantly since 2008. Debt across the nonfinancial sectors of almost every economy remains close to record highs,...
Gundlach believes that Trump’s policies can raise the bond yields to 6% in the next 4 to 5 years. I believe that the recent surge in interest rates worldwide, with global bonds posting the biggest two-week loss ($1.8trn) in 26 years (since...
We currently have record short gold positions (300k) on the COMEX, held by the commercials (read bullion banks), because they want to force gold and silver prices lower. As a result of the massive short positions, we are also witnessing...
The two main reasons for deflationary forces are the strongly reduced demand for goods from China and the QE, ZIRP and NIRP programs from the main Central Banks (CBs). Chinese GDP growth of approx. 7% can’t be maintained for an economy the...
The banks were considered too big to fail because it would have bankrupted the USA…and thus its reserve currency…and thus it worldwide hegemony, the ability to finance its military power by being able to use the printing press as long as...
The more official (announced) or non-official (non-announced) QE the central banks apply the more “less” valued money is added to “higher” valued, existing money! Your purchasing power is being eroded increasingly with every rescue...
As I described in Part 1 and what I can’t emphasize enough is that we are witnessing that the extreme low interest rates are sustaining companies that otherwise would have gone out of business whose production is adding to the oversupply...
The swing factor in world demand for goods and commodities, China, is clearly falling away hence the huge inventories and lower prices and worldwide deflation! Whilst the Central Banks are trying to fulfill the roles the governments should...
