Hi, I have been exploring Raoul's thesis on evaluating value of various assesset classes in the denominator of the ... to continue on the current trajectory?

Even Real Estate, which is another traditional store of value, has also failed to offset the devaluation of Fiat. pic.twitter.com/IoSwKecJmO
— Raoul Pal (@RaoulGMI) March 3, 2021

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Posted 3 days ago

Managing The Yield Curve In The 1940s

For those of you who are trying to get your mind around YCC and the history of the FEDs actions, this paper is exceptional:

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr913.pdf

Very interesting chart in the paper:

S&P during that period:

S&P Valuation:

Industrial Production:

After spending time talking with John Fadool, I have been trying to think through financial history.

Here is the link to the video if you didn't catch it: https://youtu.be/5zPYfC0Q0tM

I am just spending time thinking through each decade and comparing every chart I can find. No conclusions yet, just observations.

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Liked by Matt Daniell

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Fixed Income, Currencies, Commodities GoldPrecious Metalsgold minersCryptocurrencyFederal ReserveInterest Rates

Answered 4 days ago

Voted for No idea at this point

I went with "No Idea at this point" as the morning gold dump we've seen in recent days intensified when the Fed minutes came out and seems to have carried on into the night even after Treasury yields stabilized.

At this juncture I'm pretty wary of the 'bull trap' John Ahearn2 wrote about recently. Increasingly I am starting to put gold into the 'too hard' pile. Just too much noise. Technical support got smashed through here as an example.

On the conspiracy side of things I'd add that boy it sure does seem like TPTB hate the shiny pet rock and seem to want to do anything they can to push prices down or hurt long-term Hodler's.

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