In this week’s Off the Cuff with Mish & Chris podcast, Chris and Mish discuss:
Where to now?
- There’s a whiff of deflation in the air as central banks posture and pontificate. Is this a harbinger of things to come, or a head-fake before the money printing resumes in earnest?
- Gold
- It’s been a rough few weeks for holders of the yellow metal. Has there been any fundamental shift affecting the reasons for holding gold?
Cross-currents and volatility define the period we’re in now. For investors, vigilance and defense should be the main priorities. But, it seems we’re closer to the end of this stage than the beginning, so be positioned for action soon.
At the moment in the US, the Fed appears to be trying to support the markets without actually taking any major steps. As predicted last week by Mish and Chris, the Fed did not further cut rates at its last meeting. For now, it seems to be playing a ‘wait and see’ game to see how much momentum it can coast on before taking a hard course of action.
We’re seeing much the same thing in Europe. So far, they’ve managed to demonstrate a resistance to further easing. Putting it simply, Mish doesn’t think the Fed or the ECB have any bullets left — and they don’t want folks to know.
by arthur-robey-2