Submitted by QTR's Fringe Finance
This week was marked by a crushing blow of volatility on Monday, after the Nikkei imploded 12% on Sunday night, followed by four days of volatility dying down and the market rebounding. Ultimately, the week finished with indexes near, or above, levels they were at prior to Monday’s drubbing.
On Monday I wrote about what I thought was causing the pressure on markets…
Markets Are Breaking
…and what I was doing to react.
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On Tuesday, I posted a podcast with my good friend George Gammon explaining 1) what the “Yen carry trade” was that blew up markets and 2) George’s outlook on the state of markets and the dollar going forward.
George Gammon Explains The Yen Carry Trade Chaos
I also published an appearance I made the Friday prior on Coin Stories with Natalie Brunell. On Thursday, I wrote about my thoughts on why Kamala Harris snubbed Josh Shapiro for VP pick:
The Writing On The Walz
And on Friday I wrote about the lunacy one “expert” brought to CNBC on Monday, clamoring for a rate cut only to walk back his demands after the market steadied by the end of the week.
Modern Chickenshit Monetary Theory
Here’s what else is new on the blog:
Gold Allocations Still "Very Low", Silver A "Very Special Metal"
"Gross Malpractice": Blackwater's Erik Prince Slams Secret Service
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