-THE CUNNING REALIST-: "Ready For Anything": "The prices of both oil and gold continue to rise; the former is now trading at nominal all-time highs, while the latter has been hitting new quarter-century highs day after day. This is excess liquidity coming home to roost. While the Federal Reserve continues to raise interest rates to mollify foreign central banks, it's made it clear that any weakness in either the stock market or the economy will be met with massive infusions of liquidity, and dollar-denominated debt will be inflated away. The world is waking up to this..."
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Must read.
