More Bearish Signs For US Markets
John Rubino, Founder of the Dollar Collapse website shares his thoughts on the falling markets, yield curve situation in the US and how gold is performing through all of this. We also discuss how the gold stocks are lagging and how gold stocks performed when the last recession hit.
I would note that the DOW closed below it’s 200 day Ave. RS looks a bit stronger than the last time these levels were hit but if one looks at MACD, it continues to sink.. I would remind folks of the words from an expert analyst IMO: Michael Oliver: “Momentum speaks first. Price usually follows.”
I had been hearing 0.65% and 0.75% mortgages in Europe for 30% down, ten year life.
BUT NOW:
https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage
Of course the bank is still making money on the negative rate mortgage when you include the fees and charges.
Plus the fact,………fractional reserve lending is a scam……paper out of thin air……
I agree with what I think John was saying, maybe the central banks can try something which might hold up markets for a while but it now looks clear we have passed the event horizon and the band will keep playing as long as it can. Sort of a black hole/Titanic mixed metaphor.