Eight St Louis FRB Charts That Will Make You Short Equities and Go Long Bonds and Gold
Last week, the stock market awoke briefly to view the soft economic data named recovery and became startled. The market also heard the Feds admit that they are standing by to intervene once more if the pain becomes too great. As you know, stocks sold off, bond yields moved lower and the double dip recession moved closer to probable than to possible.
Below are eight charts showing why this economy is flat on its back. When the Fed takes action to arrest the second dip, the price of gold will surely rise.