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.”
多量のオピオイドを米国に送り込み、米国で深刻な麻薬中毒問題を引き起こしています。現代版「阿片戦争」です。あのトヨタ初の女性取締役もオピオイド中毒で逮捕解任されましたよね。 US Is Dependent On China For Almost 80% Of Its Medicine by Tyler Durden Fri, 05/31/2019 - 12:55 Experts are warning that the U.S. has become way too reliant on China for all our medicine , our pain killers, antibiotics, vitamins, aspirin and many cancer treatment medicine. 専門家はこう警告する、米国はすべての医薬品、痛み止め、抗生物質、ビタミン、アスピリン、各種抗がん剤で、中国依存度が高すぎる。 Fox Business reports that according to FDA estimates at least 80 percent of active ingredients found in all of America’s medicine come from abroad, primarily from China . And it’s not just the ingredients, China wants to become the world’s dominant generic drug maker. So far Chinese companies are making generic for everything from high blood pressure to chemotherapy drugs. 90 percent of America’s prescriptions a...
日本と同じくPOMOになる公算が大きいとは思いますが、どうでしょうね。 米国大統領選挙の勝者と１１月投票日前数ヶ月の株価の動向には９割以上の相関があります。はっきり言えば、公約とか主義主張には無関係です :) 。この時期株価を維持・上昇すると現職政党勝利、株価が下落すると挑戦政党勝利となります。熱心な民主党員活動家である前FED議長イエレンは頻繁に口先介入をしましたが、量的緩和再開まで踏み込めず、４年前の秋に株価が下落し、トランプ勝利となりました。株価と大統領選挙の相関をトランプは熟知しています、４年前には株価が下落するようしきりと口先介入していました。今年は１１月まで株価を維持できるかどうか？どうでしょう。 Mark Your Calendar: Next Week The Fed's Liquidity Drain Begins by Tyler Durden Fri, 01/03/2020 - 14:54 What goes up, must come down, at least in theory. 上昇があれば、その後に下落が伴う、少なくとも理論上ではそうだ。 Ever since the start of October when the Fed launched QE4 - or as some still call it "Not QE" - in response to the Sept repo crisis, figuring out the market has been pretty simple: if the Fed's balance sheet goes up so does the S&P500, and vice versa. １０月にFEDがQE4を始めて以来ーー「Not QE」という人もいるがーー９月のレポ危機に対応したものだが、相場はとても単純になった：FEDがバランス...
先週の記事です。最後の２段落だけ訳をいれておきます。 Gold’s Peculiar Surge Adam Hamilton February 21, 2020 3246 Words Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders’ attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn’t come from gold’s usual primary drivers. The stealth buying behind this surge may impair its staying power. This Tuesday gold surged 1.2% higher to close near $1602. It hadn’t crested $1600 on close since way back in late March 2013 fully 6.9 years ago! Long-time gold traders shudder at the dark spring which followed. Within less than several weeks after that last $1600+ close, gold plummeted 16.2%. Most of that came in ...
What Could Go Wrong? The Fed's Warns On Corporate Debt by Tyler Durden Thu, 05/09/2019 - 11:44 Authored by Lance Roberts via RealInvestmentAdvice.com, “So, if the housing market isn’t going to affect the economy, and low interest rates are now a permanent fixture in our society, and there is NO risk in doing anything because we can financially engineer our way out it – then why are all these companies building up departments betting on what could be the biggest crash the world has ever seen? What is more evident is what isn’t being said. Banks aren’t saying “we are gearing up just in case something bad happens.” Quite the contrary – they are gearing up for WHEN it happens. When the turn does come, it will be unlike anything we have ever seen before. The scale of it could be considerable because of the size of some...
