Who Tells the Truth Anymore…Anyone in Office?
It’s a Mystery
GoldSeek.com
Monday, 12 September 2016
Boston FED President Rosengren last week warned of the economy overheating? Really! That is an absolute lie. The world’s seventh largest container company just went belly up. CAT has had four straight years of monthly sales declines. Agrium and Potash are merging because the chemicals and agriculture business are moribund. Oil is $45 here in the states and demand is abysmal. The largest stand-alone grocer in the country, Kroger, just warned for the second half of 2016, as it is locked in a price war. Should I go on? Those are real stories not made up government numbers. They paint a picture of an economy that is more than likely in RECESSION!
The excuse for the sell-off in yields and everything else was an alleged shift away from bond buying commitments by the BOJ and other CBs. That too is an absolute lie. Since when do CBs admit defeat? How about never.
What they are doing is a result of over 14T dollars in sovereign debt yielding negative returns. They want asset managers to sell the long end for two reasons.
1) They want a steeper yield curve. This will allegedly convince everyone inflation is coming.
2) The CBs are running out of debt to buy. They need sellers! Here is your proof.
The Rest…HERE
