◆ Citi is bullish on gold due to the prospect of the Fed cutting
interest rates to zero, heightened geopolitical tensions and rising
risks of a global recession (see News below)
最後の二段落だけ訳しておきます。 Stock Euphoria Stunts Gold Adam Hamilton April 19, 2019 3257 Words The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold’s latest upleg, since there’s no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-year ago. Gold investment roars back as stocks roll over. The word “euphoria” is widely misunderstood, often confused with “mania”. The latter is when stocks rocket vertically in blowoff tops, and is defined as “an excessively intense enthusiasm, interest, or desire”. The US stock markets certainly aren’t in a mania. At its latest high last Friday, the flagship US S&P 500 broad-market s...
Zombified Economy: What Will The Next Recession Look Like? by Tyler Durden Thu, 04/04/2019 - 12:24 Authored by Mike Shedlock via MishTalk, I just recently spent some time on the Lance Roberts Podcast discussing why the next recession and market downturn will be nothing like the last. Here is the full interview: 私 Mike Shedlock は最近Lance Roverts Podcastで議論した、次の景気後退と市場の下落は前回とは全く違うものになるだろうと言う議論だ。ここで全インタビューを聴取できる: If you search for "next recession" numerous ideas pop up. Many believe there will not be a recession soon. みなさんも「次の景気後退」を検索すると、数多くの見解を見つけることができるだろう。多くの人はすぐに景気後退が来るなどとは思っていない。 Condition Comparison かつてとの経済環境比較 Conditions are radically different than in 2007 and 2000. 2007とか2000とは経済環...