All Macro-Thematic Trend Reports:

Gold is re-becoming an oil currency; 2nd derivative impacts critical to grasp (FFTT, 3/26/24)

China has taken over gold price control from the west.     – Jan Nieuwenhuijs, Gainesville Coins, 3/21/24 Perhaps we should think in this way: in “cold war” of modern exchange rates, “digital currencies from reserves are used”; however, when “hot war” of major default does begin, “nuclear weapons of GOLD” are deployed!     – Anonymous monetary theorist “Another”, 5/21/98 Shanghai Gold will change the current gold market with its “consumed in the East but priced in the

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Mr. X: “There is an epidemic failure within the game to understand what is really happening.” (FFTT, 3/19/24)

There is an epidemic failure within the game to understand what is really happening. And this leads people who run Major League Baseball teams to misjudge their players and mismanage their teams.     – Peter Brand, in the movie “Moneyball” …if we make an effort to reconstruct the CPI of Okun’s era—which would have had inflation peak last year around 18%, we are able to explain 70% of the gap in consumer sentiment we saw last

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Negative 10y UST term premiums today are akin to AAA-rated subprime MBS circa 2005 (FFTT, 3/5/24)

Common sense holds that investors should get paid more for taking more risk. This tends to be true in the bond market: The further you extend the maturity of bonds you hold, the more uncertainty you are underwriting and the more you should get compensated… Currently, the U.S. bond market doesn’t follow this logic. The yield curve is inverted, with cash yielding more than longer-dated bonds. The odds are that this trend will not continue.    

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