Advance Signs of a Global Slump in Economic Activity Emerged in 2015
by Alasdair MacLeod
Gold Money
Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis that could manifest itself in 2016, partially confirmed by the disappointing performance of equity markets. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.
Introduction
Gold has now been in a bear market since September 2011. Major central banks in the advanced economies have implemented policies that have covertly suppressed the gold price, while they have overtly inflated asset prices. This has led to valuation extremes in all asset markets, including gold, that would never be seen in free markets backed with sound money.
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Source: http://financialsurvivalnetwork.com/2016/01/advance-signs-of-a-global-slump-in-economic-activity-emerged-in-2015/?utm_source=rss&utm_medium=rss&utm_campaign=advance-signs-of-a-global-slump-in-economic-activity-emerged-in-2015
