Economist’s Thoughts on Markets, Gold, BRICS and more Sunday 2-4-2024


Rafi Farber: China Housing Market is Finally Ripe for Collapse

Arcadia Economics:  2-2-2024

It’s been over 15 years since the global housing bubble burst, shifting monetary policy into inflationary overdrive, familiarizing us with unwanted acronyms like QE, MBS, and BTFP, and kicking the world off into the late stages of fiat monetary implosion.

China, however, was able to dodge the housing bullet back then, but at the cost of carrying 60 dead ghost cities, the result of prices the Chinese government refusing to let prices fall and the market consequently unable to clear.

 With the collapse of Evergrande and the imminent fall of many other firms of its ilk, It appears China is finally catching up to the West on a 15-year delay. Meanwhile, “doom spending” is becoming more and more common, which is when the younger generation gives up on savings entirely and just spends what little savings they have on luxury items

This is just another step towards hyperinflation, which is just doom spending on steroids. We are on our way. To find out more, click to watch the video now!

Gold Is Priced in U.S. Dollars For Now, But Those Days Are Numbered – Matthew Piepenburg

KitcoNews:  2-4-2024

Are we seeing a change in how gold is priced? Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, and Matthew Piepenburg, Partner at Matterhorn Asset Management, discuss how an accelerating de-dollarization trend can impact the way dollar-denominated gold is priced.


Greg Mannarino:  2-4-2024