Brilliant explaination of the current economic predicament by Charles Hugh Smith. He explains how the Federal Reserve has now moved to the “duct-tape” era. This seems to have been confirmed implicitly by the central banks themselves in the recent BIS annual report:
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What is an investor to do? Think long and hard about gold’s outperformance in the first half of this year:
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Most Investment Advice Is Not In Your Best Interest
This article is about why messaging like that tweet is wrong, what the math actually says, and how you can find out whether your own advisor understands the difference.
