There are few investments that perform worse than gold over
long periods of time. Gold has seen very long periods of
time where it hasn't even been able to keep up with
inflation. |
00:01 -
31/03/23 |
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Home prices are reversing lower at a rapid rate … 3m
annualized % change in S&P CoreLogic CS National Home Price
Index was -5.2% in January … going back a few decades, that
rate has only been seen during and right after GFC |
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For most Americans, the largest part of their net worth is
their home |
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The Fed's balance sheet has grown $392 billion over the last
2 weeks, the largest 2-week spike higher since April 2020.
Thus over 60% of the Quantitative Tightening since last
April has been undone ... in just two weeks |
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There's an old saying that "the time to buy is when there's
blood in the streets." Judging by the reaction to the asset
sales of Signature and Silicon Valley Bank, the market seems
to agree |
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