Meraglim Blog

High-End Housing Is the Canary In the Coal Mine

In every financial crisis, there is one sector that leads the way down. Usually a year before a financial crisis comes to a head, a particular sector of the capital markets falls into a distressed state. Analysts first ignore the distress as an outlier because other sectors are performing well. Once the distress becomes too

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Pricing Oil in Yuan Is Not the Future — It’s Already Here

We’ve all heard for a long time about a coming collapse of confidence in the dollar and its displacement as the world’s leading reserve currency. I even wrote a book about that in 2014 called The Death of Money. Events are definitely moving in that direction, but I also make the point that the process does not

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A Cashless Society? Not So Fast, Say the Swedes

I have provided numerous links to articles warning of the coming of a cashless society. Beginning in the late 1960s the U.S. abolished the $500 bill (which featured President William McKinley). As recently as 2016, Europe abolished the 500 euro note. India abolished its two most popular forms of paper money, also in 2016. Australia

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“Let a Hundred Cryptos Bloom!” Well, Not Exactly

In 1956, the Communist dictator of China, Mao Zedong, launched what was called the Hundred Flowers Campaign. This was a response to dissent from intellectuals and artists in China who felt marginalized by the rigors of Communist rule and doctrinaire ideology beginning with the takeover of China by the Communists in 1949. Mao gave the

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Evidence Mounts That the New Bull Market in Gold Is Real

Months ago I advanced the thesis that the third great bull market in gold of my lifetime began in December 2015. That was when gold fell to $1,050 per ounce, down 50% from the August 2011 high of $1,900 per ounce (using the $250/oz. price of 1999 as a baseline). The first bull market was

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