The Global Economy Is In Serious Trouble But There Will Be A Short Squeeze In Gold
KingWorldNews.com
Oct. 2, 2015
Today a legend in the business sent King World News a powerful piece that warns the global economy is in deep trouble even after $10 trillion was injected into it. John Ing, who has been in the business for 43 years, also discussed a coming short squeeze in gold.
By John Ing of Maison Placements
October 2 (King World News) – Global Economy In Serious Trouble, Short Squeeze In Gold
Every newspaper headline is about whether the Federal Reserve would increase rates in September, then October, and maybe December? As in Charles M. Schulz’s comic strip, when Lucy always pulls the football away before Charlie Brown can kick it, the Fed threatens but takes the opportunity away every time. The return to “normalized rates” just adds to the confusion already in the marketplace.
Every Fed meeting or Chairwoman Yellen’s body language is scrutinized. Actually, these oracles don’t know whether to raise rates, fearing doubts about the health of the global economy. To be sure, there is the need for an increase, because seven years of easy money has led to bubble-like conditions in the stock market, paintings, classic cars and other hard assets. At the very least, QE was to have triggered an economic recovery, but instead central bankers addicted to low rates have just fueled asset prices, consumption and leverage. And each time, the proverbial can gets kicked down the road as America postpones the day of reckoning…
The Rest…HERE
