Economy

Complicated analysis of money supply, stocks and bonds.

"So where does that leave us? Summarizing Deutsche Bank’s observations, they confirm everything we have said from day one, namely that the QE crusade undertaken first by the Fed in 2009 and then all central banks, has been the biggest can-kicking exercise in history, one which brought a few years of artificial calm to the market while making the wealth disparity between the poor and rich the widest it has ever been as it crushed the global middle class; now the end of QE is finally coming."

Another conclusion that central banks have lost control.

"But it was the conclusion to Deutsche’s stream of consciousness that is the real shocker: in it DB’s Dominic Konstam implicitly ask out loud whether what comes next for global capital markets (most equity, but probably rates as well), is nothing short of a controlled demolition. A premeditatedcontrolled demolition, and facilitated by the Fed’s actions or rather lack thereof"

Rulers have figured out we have to take our medicine?

Junk silver is disappearing from stores.