RE:RE:Never a dull momentYes!! The US presidential election is a theathre of the absurd. There could not be a worse set of candidates. I think both Harris ad Trump will destroy the country. They will continue to drive the deficits higher along with higher inflation and at some point the bond market will demahd much higher interest rates to sell US government debt. There will be severe consequence for 35 years of reckless Fed monetary policies and decades of government spending way beyond its means using borrowed money.
The problems are global.
There are serious issues in politics (the US presidential election), geopolitical (two major wars, ME and Ukraine), and economics (decades of artificial stimulation) that have major global impacts. All of these issues could easily cause a major global financial crisis. I think these issues will only get worse going forward. The excerpt below is from this week]s Doug Noland's Credit Bubble Bulletin in which he highlights China's massive economic problems. Credit Bubble Bulletin Excerpt: Comments out of Beijing this week suggest additional stimulus will be forthcoming. Perhaps this helps explain this week’s pop in industrial metals prices. Whether Chinese officials realize it yet or not, holding financial and economic collapse at bay will require massive inflation of government debt and PBOC holdings. Other countries share a similar fate. Little wonder Gold closed Friday trading at a record $2,508.