It’s time to pivot again…
Last month, we launched a report about gold. In it, we discussed how the world of finance is going haywire.
And since then, things aren’t getting better… they’re getting worse.
Central banks around the world have spent trillions buying their own Treasury and cor- porate bonds. The U.S. has bought $4 trillion worth of Treasury bonds. Japan and the E.U. have even more accommodative policies.
In fact, Japan’s central bank is buying equities outright. It is a top 10 shareholder in 90 percent of most Japanese equities.
The European Central Bank is running out of bonds to buy. It wouldn’t be surprising to see them buy European equities next.
Meanwhile, the world continues to plunge into the depths of negative interest rates. Negative interest rates mean the borrower gets paid to borrow. Homeowners with mortgages in Switzerland and Denmark are now getting paid by the banks to hold a mortgage.