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'The mother of stagflationary debt crises': Nouriel Roubini sounds alarm on rising prices and debt
The risk of 1970s-style stagflation is looking more real with every passing day, according to Nouriel Roubini, CEO of Roubini Macro Associate and professor at the NYU Stern School of Business.
Stagflation is an environment with slower growth and high inflation, and Roubini believes that policymakers will have limited room to move due to high debt levels.
"The stagflation of the 1970s will soon meet the debt crises of the post-2008 period. The question is not if but when," Roubini wrote in The Guardian. "We are left with the worst of both the stagflationary 1970s and the 2007-10 period. Debt ratios are much higher than in the 1970s, and a mix of loose economic policies and negative supply shocks threatens to fuel inflation rather than deflation, setting the stage for the mother of stagflationary debt crises over the next few years." Read More
Wilshire wShares increase its allocation to gold sees positive drivers for rest of 2021
With gold prices struggling to hold the critical psychological level around $1,800 an ounce, one precious metal investment firm is recommending investors look past the noise and focus on gold's long-term diversification potential.
In an interview with Kitco News, Wade Guenther, managing partner at Wilshire Phoenix, said his firm's adaptive gold-backed exchange-traded fund has increased its exposure to gold.
Guenther said that after rebalancing last week, The Wilshire wShares Enhanced Gold Trust (NYSE: WGLD), now holds about a 96% allocation to gold, up from about 81% from the previous month. Read More
It will be a 'wild week' for gold; Vermuelen back 100% in stocks, this sector could be 'explosive'
Chris Vermuelen, chief market strategist at https://TheTechnicalTraders.com, has redeployed his cash holdings back into stocks and is now fully invested ahead of what he believes is a bull rally.
Vermeulen has just a few months ago liquidated all his holdings and held 100% cash in anticipation of a market correction. Read More
Video - It will be a ‘wild week’ for gold; Vermuelen back 100% in stocks, this sector could be ‘explosive’
Gold and silver move higher heading into the European open
Although gold closed higher during Tuesday's session it retreated from the high of $1815.05/oz and this morning the yellow metal has once again moved higher in the Asia Pac session to trade just above $1800/oz. Silver ($26.32/oz) has also moved higher but has not pared all the losses from yesterday's session.
In the rest of the commodities complex, copper trades 1.47% higher at $4.30/lb, and spot WTI is trading flat after a heavy session. Read More
Commerzbank is bullish on gold
Karen Jones and her team at Commerzbank have sent out a report this morning that seems pretty bullish gold. In the research report, she noted the yellow metal "has seen recovery just ahead of the 2019-2021 uptrend line at 1735, while underpinned here our bias is bullish". Read More
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Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
