The reason why I say that is the money supply is up, up, and up. You know, with the efforts by these central banks to lower interest rates they’re going to be printing like crazy.”
私が皆に推奨する理由はマネーサプライが up, up and up 状態だからだ。御存知の通り、どの中央銀行も金利を下げようとしておりまた常軌を逸した紙幣印刷をしようとしている。
[Jerome Powell] is trying to pretend it’s because of concerns
about the overseas economy. It is really the US economy that is driving
the Fed. That’s why this is just the first step on the road
back to zero. And you know, it was a mistake when the Fed went back to
zero the last time; it’s going to be an even bigger mistake when they do
it next time. And they’re also going to go back to quantitative easing.
You know, they announced yesterday the end of quantitative tightening,
but the next step is to go back to QE, and QE 4 is going to be bigger than QE 1, 2 and 3 combined.”
The Fed isn’t alone on the path toward more monetary stimulus. In an interview with the Wall Street Journal,
Finnish central bank governor Olli Rehn raised the prospect of new
easing measures from the European Central Bank. He said, “It’s important
that we come up with a significant and impactful policy package in
September. When you’re working with financial markets, it’s often better
to overshoot than undershoot, and better to have a very strong package
of policy measures than to tinker.”
さらなる金融刺激策に向かっているのはFEDだけではない。Wall Street Jounalのインタビューに答えて、フィンランドの中央銀行総裁Olli RehnはECBにおける新たな緩和可能性が高まっていると答えた。更に彼はこう言う、「大切なことだが、我々はインパクトの在る政策パッケージを９月に準備している。金融市場で働いているならわかるだろうが、アンダーシュートよりもオーバーシュートのほうが望ましい、そして想像を超えた強い政策パッケージが望ましい。」
During the Bloomberg interview, Mobius also addressed the proliferation of cryptocurrencies. He said he believes the rise of bitcoin and other cryptos will actually be good for gold.
You have all these currencies, new currencies coming into play. I
call them ‘psycho currencies,’ because it’s a matter of faith whether
you believe in Bitcoin or any of the other cyber-currencies. I
think with the rise of that, there’s going to be a demand for real, hard
assets, and that includes gold because gold can play a role not only as
an asset but also as a currency.”
Mobius said investors should have at least 10% of their portfolio in gold.
Mobiusは投資家に少なくともポートフォリオの１０％をゴールドにするべきだと主張した。
“I’m talking about physical gold,” he said.
彼が言うには「私が話しているのは現物ゴールドだ」ということだ。
Peter Schiff has been advising this for a long time. Currently, only
about 1% of the world’s investable capital is in gold. Peter has said
it would be wise to make the move sooner rather than later.
Peter Schiffは長年こういうふうにアドバイスしてきた。現在のところ世界の投資資金の内ゴールドの占める割合は１％程度でしかない。Peterは先延ばしせずにすぐに行動することが賢明だという。
If the idea goes mainstream, and all investors go to a 10%
gold allocation, the price will skyrocket. Investors need to move
quickly to get ahead of the crowd.”
The Next Decade Will Likely Foil Most Financial Plans by Tyler Durden Tuesday, Jan 26, 2021 - 15:20 Authored by Lance Roberts via RealInvestmentAdvice.com, There are many individuals in the market today who have never been through an actual “bear market.” These events, while painful, are necessary to “reset the table” for outsized market returns in the future. Without such an event, it is highly likely the next decade will foil most financial plans. 現在の市場参加者の多くは本当の「ベアマーケット」を経験していない。こういう事が起きると、痛みを伴うが、将来の大きなリターンを可能にするために必要なちゃぶ台返しとなる。これがないと、多くのファイナンシャルプランは今後１０年ひどいことになりそうだ。 No. The March 2020 correction was not a bear market. As noted: ２０２０年３月の調整はベアマーケットと呼べるようなものではなかった。以前にも指摘したが： A bull market is when the price of the market is trending higher over a long-term period. ブル相場とは長期に渡り市場価格が上昇するものだ。 A bear market is when the previous advance breaks, and prices begin to trend lower. ベア相場とはこれまでの上昇が止まり、市場価格が下落し始めることだ。 The chart belo...
The Fed And The Treasury Have Now Merged by Tyler Durden Thu, 04/09/2020 - 14:21 Submitted by Jim Bianco of Bianco Research As I've argued, the Fed and the Treasury merged. Powell said this was the case today (from his Q&A): 私はこれまでも申し上げてきたが、すでにFEDと財務省は一体化している。Powell自身がこれに当たると今日話した（彼の Q&Aでのことだ）： These programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of the Treasury Secretary and the fiscal backing from the congress through the Treasury. And we are doing it to provide credit to households, businesses, state and local governments. As we are directed by the Congress. We are using that fiscal backstop to absorb any losses we have. 我々FEDが今行っている一連のプログラムは、法に基づいており、それを実行している、私が注意喚起したが、 財務長官の同意を得ており、財政に関しては議会の承認も得ている。私どもは家計、ビジネス、連邦地方政府に貸付を行っている。議会の意向のもとに我々は行動している。以下ほどに損失が生じようともそれを財政的に支えている。 Our ability is limited...
