Rosenberg's Investment Outlook for 2013:
derryb
Posts: 36,790 ✭✭✭✭✭
with 35 Charts to usher in the new year
"Real interest rates to remain negative: This is a very powerful positive thrust for the precious metals complex. . ."
"Real interest rates to remain negative: This is a very powerful positive thrust for the precious metals complex. . ."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Comments
Among the various charts, I think the sequence # 26, 27, 28 is interesting. It is a heck of a lot of debt to work through.
With regard to the chart on US monetary base, I think the main takeaway is that monetary policy if just not very effective in the current situation -- in any case, liquidity may help prevent a collapse, but it will not create growth if there are serious structural issues; I am actually not too worried about the ability of the Fed to unwind this in the case that GDP growth improves.