In recent years, China has evolved from the Middle Kingdom to the bubble kingdom. China experienced a massive real estate bubble that popped in 2014, only to be followed by a stock market bubble that popped in 2015. So far, the Chinese government has been able to contain the damage from these bursting bubbles with
India’s decision to make 1,000- and 500-rupee notes worthless (see story above) is having devastating ripple effects in the Indian economy and the market for gold. The consequences of the decision are both appalling and encouraging — appalling because they show governments’ ability to destroy wealth, and encouraging because they show the ingenuity of individuals
This new article by Ken Rogoff has three ideas to steal your money. The first is negative interest rates. The second is the elimination of cash (governments can do this by declaring the $100 bill worthless, just as India did last week with the 500- and 1,000-rupee notes). The third way is to set higher
We’ve warned you for months that the Fed is on target for a rate hike in December. We said this before the election of Donald Trump as president and made the point that the rate hike was not dependent on the outcome of the election. The December rate hike was baked in before the election.
http://meraglim.vestorly.com/posts/massengill-1-rickards-financial-crisis-coming-soon-will-be-different?id=holdings
Asia Pacific Financial Information Conference (APFIC), November TBD, 2017, Hong Kong: “Annual two-day program hosted in conjunction with Inside Market Data featuring presentations and panels on financial information trends and issues.” https://www.siia.net/Divisions/FISD-Financial-Information-Services-Association/Events/2017-Events
http://www.kitco.com/news/2016-11-08/Will-U-S-Election-Be-a-Brexit-Repeat-For-Gold-Jim-Rickards.html
