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Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe, Gold 1425 by Year End
Wednesday, June 10, 2015 16:35
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globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / June 10, 2015
Saxo Bank chief economist sent a number of charts and comments that constitute his outlook for global macro fundamentals for the next 6-7 months.
Via email, the rest of what follows is a guest post from Steen Jakobsen.
Headlines for Next 6-7 Months
- US, German and EU core government bonds will be 100 basis points higher by and in Q4 before making final new low in H1 2016. The US 10-year bond yield will trade above 3.0% and German Bunds 1.25%
- WTI crude will hit US $ 70-80/barrel setting up excellent energy returns.
- US dollar will weaken to EUR 1.18/1.20 then start multi-year weakness.
- Gold will be the best performer in commodity-led rally. We see 1425-1435 by year-end.
Average Annual Inflation by Decade…
The post Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe, Gold 1425 by Year End appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/10/steen-jakobsen-us-credit-cycle-peaked-zero-growth-coming-to-europe-gold-1425-by-year-end/
