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An interest-rate observer can only ask if the outpouring of central-bank credit, along with the promise of unstinted fiscal stimulus, is compatible with the lowest rates in 4,000 years.
Investment bargains are few and far between in this era of nonstop QE. Speculating on a return to something like normalcy.
Gold mines are the subject, and Grant’s is bullish on them. The question before the house is whether a critical mass of complacent dollar holders will come around to agree with us.
The market has crashed, and so have government-bond yields. Now where to turn for a modicum of income at an acceptable level of risk?
With a new intervention almost every day, you may have lost track of what, exactly, goes on in the Eccles building