Monday, July 8, 2013

Turk - Something Shocking Has Occurred In The Gold Market

  “There are two major events underway which everybody should be paying close attention, Eric.  The first one is rising interest rates.  You and I have already focused on this point to some extent, but we saw another huge surge in rates to a new multi-year high after the unemployment report on Friday, which is very telling.  We need to look at this rise in interest rates in relation to an economy that is barely crawling along.

Here we are nearly five years after the 2008 collapse, yet people are still looking for an economic recovery....

“Of course there have been some bright spots, but they are isolated.  The economy remains in a weak state and won't reach its pre-collapse level until employment goes back to its previous high, with people once again filling the quality jobs they previously held, rather than the part-time and hamburger-flipping positions that have distorted the unemployment report by making the headline number look better than it really is.

Yet the Fed continues to purchase more government debt, as its balance sheet last week reaching another new record high with total assets of $3.49 trillion.  The Fed is not tightening monetary policy, so why are interest rates rising even though the economy is weak and the Fed continues to purchase debt for its QE program? 
Read more@Kingworldsnews.com 

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