by Kerry Lutz, Financial Survival Network:
John Rubino returns… The world’s central banks are like a bunch of kids playing bumper cars. You control your collisions with one pedal, you can take your foot off the gas to slow down, or you can depress it to speed up. Either way, there’s going to be a pile up. Now it looks like the Fed has gotten back into the action and who knows when the fun will stop. Perhaps with a massive power failure like Venezuela. In other news that’s not so new, the Dems have finally found an economic system they can believe in – socialism/totalitarianism seems to be in vogue yet again. Everything old is eventually new again, like short skits and wide ties. But the Commitment of Traders (COT) is looking up again, at least if you believe in the yellow metal. Speculators have jumped the ship/shark and commercials have gone long. How much longer can it be?
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