Darren Winters

Monetary policy is spent

Posted By Darren Winters on Sep 14, 2019

Monetary policy is spent and further easing could put the financial system into the red danger zone. Gold’s spot price, monetary policy’s voting machine is signaling to the market that monetary policy is spent. So the great gold rally is underway. Negative interest rate policy (NIRP), is a backfiring gun. Moreover, endless quantitative easing QE is the market’s bubble-blowing clown that is already passé.  The law of...

Palladium

Posted By Darren Winters on Sep 10, 2019

Palladium, a rare silvery-white metal, has been eclipsed by precious metals performance in the last few months as investors question, is the everything bubble ripe to burst. Palladium has slipped under the radar as investors reconfigure their portfolios to deal with the financial and economic reality. Currency debasement, negative interest rate policy, the inversion of 2s10s yield curve and a raft of other indicators are stoking up...

Diversifying in the everything bubble

Posted By Darren Winters on Sep 6, 2019

Diversifying in the everything bubble is like trying to square a circle. Money manager will go the extra mile to engineer diversification in their portfolio because forecasting is a dicey business. My understanding of a well-diversified, hedged portfolio is one invested in a wide range of assets where those assets prices are inversely, or negatively correlated to each other. So when one asset falls in any given day the other asset...

Bet on globalization

Posted By Darren Winters on Aug 27, 2019

Is the long term bet on globalization unwinding? The greatest ideological battle in decades is in play. Economic nationalism has locked swords with globalism. The current world order, of multilateral free trade agreements, is looking unstable which is making the bet on globalism dicey Protectionism is on the rise, the likelihood of de-escalation in US-China trade tensions now looks remote as I forecasted in a piece entitled China...

Unimaginable fiscal spending

Posted By Darren Winters on Aug 25, 2019

Unimaginable fiscal spending could be the next stage of this ongoing recession, which has been building momentum for years. I have been reporting about the retail apocalypse, Carmageddon, the real estate bubble in October 2018 and the inverted yields curve for months, but it is only in the last week mainstream has decided to talk about a recession. A manufactured crisis could usher in a period of unimaginable fiscal spending Perhaps...