“It seems to me that every long-term trend I see increases inflation relative to the last 20 years. Huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global trade – all are inflationary. I’m not sure models could pick this up.” Jamie Dimon, President & CEO, JP Morgan
“The more one knows about the global financial system, the greater one’s appreciation of systemic risk. The more one knows about the normalization of extreme policies enacted to stave off the collapse in 2008-09, the greater one’s appreciation for the vulnerability of the system….” Charles Hugh Smith, Money Matters
“The Yen has broken support at JPY151, where the bank of Japan had drawn a line in the sand and JGB yields are rising again. These factors could crash the entire Japanese banking system.” Alasdair Macleod
“I believe that Iran pulled its punches in this attack. In other words, it did not launch a full-scale attack designed to destroy essential Israeli military capabilities. Its purpose was to put Israel and its Western backers on notice that further attacks by Israel will be reciprocated with an even more massive response. And here is the bottom line –